Companies
A consortium of international investors, including SPE Capital, the European Bank for Reconstruction and Development (EBRD), Tanmiya Capital Ventures (TCV), and British International Investment (BII), has acquired Tamweely Microfinance S.A.E. in a transaction valued at over EGP 2.5 billion (~USD 57 million). The acquisition marks a significant shift in Egypt’s non-banking financial services sector as the consortium takes control of Tamweely from its former shareholders Ayady for Investment & Development, NI Capital Holding, and Post for Investment Company. Established in…
