Financing · completed$130mWednesday 28 October 2026
Tanmiya has closed a fund at $130 million, below the earlier $150 million target. The European Investment Bank committed $38 million in an announcement on 26 October.
The smaller-than-targeted close shows the limits of investor appetite for Egyptian SME financing vehicles.
EIB Global, the financing arm of the European Investment Bank, has signed a about $22 million (€20m) facility with Dashen Bank to expand long-term credit for Ethiopian SMEs. At least 70% of the funds will go to high-impact sectors.
The MNT-Halan board raised issued capital from about $2.9 million (E£160m) to about $3.2 million (E£176m) by issuing 163.265 million shares at the IPO price of about $0.44 (E£24.5). The decision follows the October 20 EGX listing, in which the parent sold a 20 percent stake.
MNT Investments BV subscribed to 163.27 million new shares at the EGP 24.50 offer price, and the about $71 million (E£4bn) increase is fully paid. Half of the IPO proceeds are now back inside the listed company.
Cabinet approved the sale of 30% to 45% of Banque du Caire on the Egyptian Exchange, and the regulator approved a larger offering share. The bank priced its IPO at the top of the range at E£5.3 a share after institutional orders of EGP 205.8bn in the private tranche.
The Financial Regulatory Authority approved raising the Banque du Caire IPO sale from 30% to 45% of capital, lifting the offer to about EGP 36.4 billion. Foreign cornerstone investors including EBRD and IFC committed up to USD 256 million, and the public tranche was reported at nearly double its allotment.
