EIB makes its first investment in an Egyptian fund since 2011: The European Investment Bank will invest USD 15 mn in Egypt Mid-Cap, a private equity fund targeting investments in small and medium-sized companies on Sunday. “This is the first EIB operation signed in Egypt under the Risk Capital Facility for the Southern Neighbourhood Countries and the first investment in an Egyptian fund since 2011,” the EIB said. Egypt Mid-Cap, which is targeting at close at the USD 100 mn mark, has already raised USD 85 mn, including USD 70 mn from other international and local investors including the European Bank for Reconstruction and Development, the UK’s CDC group, and the Netherlands Development Finance Company.

Elsewhere, the Egypt is expected to sign three loan agreements with EIB today worth EUR 172 mn to fund wastewater treatment projects in Fayoum, Alexandria, and Kafr El Sheikh, according to a European Commission statement picked up by AMAY.