SPE Capital, alongside EBRD, BII and TCV, fully acquires Tamweely, a leading non-banking financial player in Egypt

Cairo, Egypt, December 2024 – SPE Capital, a private equity firm focused on Africa and the Middle East, announces the acquisition, by its private equity fund SPE PEF III, of Tamweely Microfinance S.A.E (Tamweely), a leading non-banking financial services company in Egypt specializing in serving micro, small and medium enterprises (MSMEs), in a consortium with the European Bank for Reconstruction and Development (EBRD), Tanmiya Capital Ventures (TCV) and British International Investment (BII).

Established in 2017, Tamweely Microfinance has emerged as a leading player in the Egyptian non-bank financial services sector, offering financing and ancillary services dedicated to empowering micro, small and medium enterprises (MSMEs). With its commitment to bringing innovative and seamless financial services to Egypt’s unbanked and under-served customers, Tamweely has served more than 500k clients and disbursed more than EGP 17bn since its inception and today operates a branch network of 230 branches and more than 3,950 loan officers, across 24 governorates.

SPE Capital and the consortium will be investing in Tamweely alongside Chief Executive Officer and Managing Director, Ahmed Khorched, and in partnership with its highly capable management team, to scale up the company’s infrastructure, organization and operations and further expand the company’s suite of products to serve Egypt’s unbanked and underserved populations.

The investment consortium was advised by MF Strategy, Mediterranean Corporate Finance (MCF), Helmy, Hamza and Partners – a member firm of Baker & McKenzie International, and BLC Robert & Associates (legal advisors), PricewaterhouseCoopers (financial advisor), IBIS Consulting (ESG and Impact), and various other consultants on commercial and technical matters.

For more details, please refer to the Signing press release https://www.spe-capital.com/news/35