EIB, SPE Capital invest €350m to drive growth across Egypt

Egypt signed on Sunday a €350 million deal with the European Investment Bank (EIB) and SPE Capital to support high-growth businesses in North Africa, during Egypt-EU Investment Conference taking place in Cairo.

This partnership will focus on companies in Egypt, Tunisia, and Morocco operating in sectors like healthcare, education, and manufacturing. The €350 million investment is expected to generate over 10,000 new jobs in the region.

Egypt’s Minister of International Cooperation highlighted the EIB’s strong track record in Egypt, with €790 million invested in equity funds over the past five years and an additional $2.8 billion provided to the Egyptian private sector under the Team Europe initiative from 2020 to 2023.