EIB Global supports SPE’s USD 350m investment in North African growth companies

July 3, 2024
Share on

At the EU-Egypt Investment Conference in Cairo the European Investment Bank today confirmed support for a new USD 350 million regional private sector investment fund managed by SPE Capital. The fund is expected to unlock large-scale equity investments in high-growth private companies operating in sectors such as healthcare, pharmaceuticals, education, manufacturing, financial services, logistics and consumer goods across Egypt, Tunisia, and Morocco. The new business investment is expected to help create over 10,000 new skilled jobs, contributing to sustainable economic development across Egypt and the broader North African region.


“SPE Capital is pleased to once again get the anchor support of the EIB and backing for this vital and timely investment initiative. Egypt and North Africa is home to a skilled workforce and a wealth of innovative companies ready to scale. By combining long-term equity investment with strategic experience and advisory support, we can help businesses overcome challenges, accelerate growth, and contribute to the region’s economic advancement. Our commitment is to enable these companies to reach their full potential and drive substantial economic impact. We are excited to leverage the combined expertise and resources of our development finance partners to drive significant growth and innovation in the region.” said Nabil Triki, CEO of SPE Capital.


The fund will provide critical risk capital and managerial expertise to support the growth and internationalisation of local companies. The fund will help portfolio companies identify and pursue growth opportunities, enhance their operational efficiency and professionalise processes and management procedures, while offering much-needed equity risk capital amid challenging economic conditions.


The agreement was signed at the EU Egypt Investment Conference by EIB Vice President Gelsomina Vigliotti and Cairo based Investment Partner of SPE Capital Tarek Lababidi, and witnessed by H.E. Dr. Rania A. Al-Mashat, Minister of International Cooperation of the Arab Republic of Egypt.


EIB Global is committing USD 9.3 million to the first closing of this new fund, in line with the EU’s Global Gateway strategy, alongside other European and international development partners, including the European Bank for Reconstruction and Development (EBRD), Deutsche Investitions- und Entwicklungsgesellschaft (DEG), British International Investment (BII), Dutch Entrepreneurial Development Bank (FMO), BPI France, International Finance Corporation (IFC), amongst others.

Countries covered:

  • Egypt
  • Morocco
  • Tunisia