EBRD Invests USD 80 Million to Support Mid-Cap Companies in Morocco

The European Bank for Reconstruction and Development (EBRD) is backing mid-cap companies in Morocco with a cornerstone funding commitment of up to USD 80 million to North Africa Fund III (NAF III), a new initiative by RMBV, its first independent fund as a manager in the region, according to the bank’s press release.
This support is intended to fuel long-term capital gains through equity investments in businesses across Morocco, Egypt, and Tunisia, with a focus on empowering companies to reach their full operational potential.
The fund’s focus on mid-cap companies that have proven resilience during periods of economic uncertainty will play a crucial role in transforming them into regional leaders.
NAF III will target up to USD 300 million in investments, focusing primarily on mid-cap companies in sectors including healthcare, education, financial services, and consumer staples. While the fund remains sector-agnostic, it will prioritize companies aligned with North Africa’s growing consumer demand.
RMBV intends to invest in businesses poised for sustained growth and expansion, with a focus on those led by commercially-minded founders or managed by experienced professional teams.
Alongside the financial commitment, RMBV will also receive a technical cooperation package from the EBRD, which will support the development of a gender action plan for the fund.
This partnership marks a significant step in the EBRD’s ongoing commitment to fostering private equity as a key funding source in North Africa, helping to mobilize both public and private capital in the region.
Anne Fossemalle, EBRD’s Director for Private Equity Funds, expressed pride in continuing the bank’s support for RMBV, noting that this investment reaffirms the EBRD’s dedication to sustainable economic growth in the region.
“As the first investor, the EBRD’s support for NAF III will have a catalytic effect on mobilizing both public and private capital to invest in the region,” she said.
Ahmed Badreldin, Managing Partner of RMBV, highlighted the importance of the partnership, saying it reflects a shared vision of promoting sustainable growth across North Africa. “By aligning with the EBRD’s core values, we aim to deliver superior returns for our investors while driving meaningful economic impact in the region,” he stated.