The EBRD has pledged up to US$80 million to North Africa Fund III, aimed at bolstering mid-cap companies in Egypt, Morocco, and Tunisia. The fund seeks to generate equity returns while targeting key sectors and includes a gender action plan for operational enhancement. EBRD’s commitment underscores its dedication to investing in regional economic growth and promoting sustainable business practices.
The European Bank for Reconstruction and Development (EBRD) has made a cornerstone commitment of up to US$80 million to North Africa Fund III (NAF III), which is managed by RMBV. This pivotal fund aims to support mid-cap companies across Egypt, Morocco, and Tunisia by promoting long-term capital gains through equity and related investments. Furthermore, RMBV will be assisted in developing a gender action plan to enhance its operational effectiveness and uphold gender equality within its investment portfolio. The fund aspires to mobilize a total of US$300 million for investments in key sectors such as healthcare, education, financial services, and consumer staples, which are predicted to benefit from North Africa’s evolving consumer dynamics. EBRD’s involvement signifies not only financial backing but also a commitment to fostering sustainable economic growth in the targeted regions by empowering local businesses to realize their full potential and emerge as regional leaders.
The commitment made by EBRD to North Africa Fund III (NAF III) forms part of a broader strategy to enhance private equity investment in the North African region. This initiative aims to enable mid-cap companies to overcome various financial challenges while ensuring they achieve sustainable growth. By facilitating targeted investments in sectors aligned with regional demand, the EBRD seeks to generate economic resilience and bolster the workforce in Egypt, Morocco, and Tunisia. The incorporation of a gender action plan further emphasizes the importance of inclusivity in economic development.
In conclusion, the EBRD’s partnership with RMBV and the establishment of NAF III represent significant strides in supporting mid-cap enterprises in North Africa. With financial backing of up to US$80 million alongside technical assistance focused on gender equity, the fund is well-positioned to catalyze economic growth and strengthen the private equity landscape in the region. This collaborative effort illustrates a commitment to fostering sustainable development and ensuring that mid-cap companies can thrive amidst economic challenges.
Original Source: www.ebrd.com
