In a momentous deal exceeding EGP 2.5 billion, Ayady Egypt for Investment & Development (Ayady), NI Capital Holding for Financial Investments (NI Capital), and Post For Investment (PFI) divested their stakes in Tamweely Microfinance to a consortium of investors.
SPE Capital led the acquisition along with, the European Bank for Reconstruction and Development (EBRD), TCV (Tanmiya Capital Ventures), and British International Investment (BII). The buying consortium, advised by Helmy, Hamza & Partners, acquired 100% of Tamweely’s capital, marking a significant development in Egypt’s financial services sector.
Tamweely was founded in 2017 and since, has rapidly become a leading provider of microfinance services in Egypt, focusing on empowering micro, small, and medium enterprises (MSMEs). The company has served over 500,000 clients and disbursed more than EGP 17 billion through its extensive network of 230 branches and 3,950 loan officers across 24 governorates. The acquisition will support the company’s growth and enhance its offerings to Egypt’s unbanked and underserved communities.
The transaction highlights international confidence in Egypt’s non-banking financial sector, aligning with the government’s efforts to promote financial inclusion and support MSMEs. The deal is subject to regulatory approvals and conditions outlined by the parties involved.
IBIS Consulting provided specialised ESG and impact advisory to the investment consortium, alongside financial advisors from PricewaterhouseCoopers and a range of technical and commercial consultants.