European Partnership

The European Investment Bank (EIB), through its development arm EIB Global, has committed $80 million to the RMBV North Africa Fund III to accelerate private sector development and sustainability in Egypt, as part of a broader regional investment strategy covering North Africa. The signing took place at an event in Cairo attended by Egypt’s Minister of Planning, Economic Development and International Cooperation Rania Al-Mashat, EIB Vice-President Gelsomina Vigliotti, and RMBV Managing Partner Ahmed Badreldin.