Source: A statement issued by the Ministry of International Cooperation, Planning and Economic Development, and the Ministry of Investment and Foreign Trade.
A consortium of investors, including SPE PEF III (SPE Capital), the European Bank for Reconstruction and Development (EBRD), Tanmiya Capital Ventures (TCV), and British International Investment (BII), has fully acquired Tamweely Microfinance S.A.E., Egypt’s leading non-banking financial services provider for MSMEs. The transaction, exceeding EGP 2.5 billion, involved acquiring shares from Ayady for Investment & Development, NI Capital Holding, and Post for Investment.
The Tamweely transaction value brings new real value to the financing business in Egypt, further underscoring the crucial role of the Financial Regulatory Authority (FRA) in enhancing regulatory frameworks for non-banking financial services. This includes improvements in compliance, the use of high technology, and stronger supervision, all of which serve the non-banked population.
We have previously highlighted 9 listed companies on the Egyptian Exchange (EGX) providing financing services, either directly or through subsidiaries under a holding company, all under the FRA’s supervision.
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