EBRD and Consortium of Investors Acquire Egypt’s Tamweely Microfinance

The European Bank for Reconstruction and Development (EBRD) is supporting Egypt’s privatization agenda and boosting the competitiveness of the private sector by taking a minority equity stake in Tamweely Microfinance S.A.E, the country’s leading non-bank financial services company, specializing in serving micro and small businesses.

The EBRD is co-investing with a consortium of investors comprising British International Investment, SPE PEF III (the new fund raised by SPE Capital) and Tanmiya Capital Ventures to fully acquire Tamweely Microfinance. The acquisition will support Tamweely’s domestic growth strategy and boost its competitiveness and resilience, enabling it to become one of the country’s leading microfinance providers.