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EU-EGYPT TANMIYA GROWTH FUND II

Summary sheet

Release date
3 October 2025
Status
Reference
Under appraisal | 13/05/2025
20250281
Project name
Promoter - financial intermediary
EU-EGYPT TANMIYA GROWTH FUND II
TCV FUND MANAGER BV
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
USD 38 million (EUR 32 million)
USD 150 million (EUR 128 million)
Location
Sector(s)
Description
Objectives

This operation seeks to support private sector development in Egypt and is expected to foster trade between the EU and Egypt, in sectors supporting EU's Global Gateway priorities.

The key project objectives include supporting the development of the private sector in Egypt, by increasing access to patient risk capital for - and providing managerial value-add to - local small and medium enterprises (SMEs). This is expected to support the growth and institutionalisation of Egyptian private companies that are mostly family owned in the target segment. The fund will build on the strategy adopted in an inaugural fund. The fund manager will aim to create value through a hands-on approach, driving the growth and profitability of investee companies as well as enhancing environmental, social and governance (ESG) standards and implementing appropriate digitalisation measures.

Environmental aspects
Procurement

The fund will operate in line with the EIB's Environmental and Social standards.

N/A

Milestone
Under appraisal
Link to source
Summary sheet
EU-EGYPT TANMIYA GROWTH FUND II

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
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The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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