EIB Global backs RMBV North Africa Fund III to power private sector growth in Egypt, as part of a regional strategy covering North Africa
Luxembourg, Jan. 14 -- The European Investment Bank (EIB), through its development arm EIB Global, is investing $80 million in the RMBV North Africa Fund III to accelerate private sector development and sustainability in Egypt as part of a regional investment strategy covering North Africa. The signature took place at an event in Cairo attended by Minister of Planning, Economic Development and International Cooperation of Egypt H.E. Rania Al-Mashat, EIB Vice-President Gelsomina Vigliotti, and RMBV Managing Partner Ahmed Badreldin.The fund will provide capital and managerial added value to local enterprises across high-impact sectors such as consumer goods and services, healthcare, and education, unlocking new opportunities for Egypt and ena...
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