EIB invests $37.5 million in Tanmiya Capital Fund II to boost the growth of Egyptian businesses

The European Investment Bank (EIB), through its development arm EIB Global, invested $37.5 million in Tanmiya Capital Fund II to expand access to growth capital for established small and medium-sized companies in Egypt. The investment was announced today at a ceremony in Cairo attended by EIB Vice-President Gelsomina Vigliotti and Tanmiya Capital Ventures Managing Partners Ahmed El Guindy, Youssef Ahmed Ayoub and Mohamed Mohsen Mahgoub.