Provision of an equity investment of USD 20 million in favour of Tanmiya Capital Ventures Fund II Cooperative (the "Fund").
The operation will enable the Fund to make equity and quasi-equity investments in medium-sized companies in Egypt with the objective of achieving long-term capital growth.
ETI score: 74
The Bank's investment is expected to contribute to enhancing the resilience of financial markets by sustaining private equity as an alternative funding source, and to also increase and promote the competitiveness of the Fund's portfolio companies via operational improvements and expansion. The Bank's participation will contribute to its gender equality by encouraging the fund to follow higher standards.
TANMIYA CAPITAL VENTURES FUND II COOPERATIVE
Total Project Cost
The shortage of availability of capital available for private equity in the region means that IFIs such as the EBRD continue to play a key role in supporting successful fundraisings.
Environmental and Social Summary
Categorised FI (ESP 2019). The Fund will be required to comply with EBRD's Performance Requirements 2, 4 and 9, adopt and implement the EBRD's Environmental and Social Risk Management Procedures for Active Equity Funds and submit Annual Environmental and Social Reports the Bank. The Fund will complete and return the E&S due diligence questionnaire for ESD to review and assess compliance with the Performance Requirements.
Technical Cooperation and Grant Financing
Company Contact Information
Building no. 159 26 July Street, 2nd floor Zamalek, Cairo
PSD last updated
11 Apr 2023
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Independent Project Accountability Mechanism (IPAM)
If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).
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