The EBRD supports mid-cap companies in North Africa with up to US$80 million for NAF III, led by RMBV. The fund aims to invest in diverse sectors, mobilizing up to US$300 million, while also implementing a gender action plan to enhance growth. This partnership reflects a shared vision of sustainable economic development and empowerment of local enterprises.
The European Bank for Reconstruction and Development (EBRD) announces its strategic support for mid-cap companies in Egypt, Morocco, and Tunisia, committing up to US$80 million for the North Africa Fund III (NAF III), managed by RMBV. This initiative will focus on fostering long-term capital gains through investments in diverse sectors, emphasizing healthcare, education, financial services, and consumer goods. Furthermore, RMBV will receive assistance in establishing a gender action plan, enhancing their operational framework in alignment with the EBRD’s commitment to inclusive growth. The objective is to mobilize up to US$300 million in total investments to elevate North African enterprises’ capabilities and generate sustainable returns for stakeholders.
The EBRD’s involvement as the first investor not only marks a significant step in supporting quality private equity initiatives in North Africa but also aims to stimulate broader public and private sector investment in the region. The managing partner of RMBV, Ahmed Badreldin, expressed gratitude towards the EBRD, highlighting the shared vision of promoting sustainable economic growth through the empowerment of mid-cap companies, thus transforming them into regionally influential entities.
The fund’s investment strategy will target companies demonstrating potential for consistent growth and sound management, focusing on those led by capable founders or professional teams, which have shown resilience through economic fluctuations. By anchoring NAF III, the EBRD reaffirms its dedication to fostering competitive, inclusive, resilient, and well-governed businesses across North Africa, driving meaningful regional development.
This collaboration sets the stage for robust progress within the private equity sector, ensuring that the benefits of investment extend to broader economic achievements in North Africa.
The European Bank for Reconstruction and Development (EBRD) operates with the mission of fostering economic development and innovation across the markets in which it engages, particularly in regions like North Africa. Mid-cap companies, which are essential drivers of employment and economic growth, require substantial capital for expansion and operational development. The establishment of the North Africa Fund III (NAF III) signifies a concerted effort to provide these enterprises with the finances necessary to thrive, while also promoting inclusive business practices through initiatives like gender action plans. The partnership with RMBV signifies a new chapter in regional private equity, combining expertise and strategic investment to catalyze broader economic prosperity.
The EBRD’s commitment of up to US$80 million to the North Africa Fund III highlights its strategic role in enhancing the capabilities of mid-cap enterprises in Egypt, Morocco, and Tunisia. This initiative not only aims to deliver substantial financial returns but also fosters sustainable economic development through inclusive strategies and impactful partnerships. The EBRD and RMBV’s collaboration is poised to significantly enhance regional private equity, empowering companies and contributing to a resilient North African economy.
Original Source: www.ebrd.com
