Building Tomorrow's Economy

investing in the future of North Africa

$900m

invested incl. $280m of co-investment capital

30,000

jobs supported through our investments

$1.2bn

returned from 12
realizations, with >100% DPI

$1.1bn

Total revenue
across our portfolio

46%

portfolio net income growth
in USD 2024 on 2023

$145m

largest investor
across our funds

About Us

Growth, Impact, Empowerment. As catalytic growth investors, we partner with innovative entrepreneurs, management teams, and family offices to develop and expand unique middle-market businesses with a purpose-driven focus. Entrusted to deliver robust returns, we promote sustainable job creation and expand choices for low to middle-income consumers, fostering more inclusive growth and access to quality products and services in Egypt and North Africa. Our investment portfolio covers key sectors such as consumer goods, tertiary education, healthcare, and financial services — areas we identify as having significant potential for future growth.

We create sustainable value by investing in businesses where our resources drive transformation.

Our Value Add

Building a company is hard. We partner with entrepreneurs and management teams who have turned their visions into reality. Our role is to support these teams to achieve more together than they could alone. With over 15 years of sector experience, we have evolved from generalist investors to sector-focused specialists, consistently creating value for our LPs through growth and transformation initiatives including strategic development, leadership and talent cultivation, brand transformation, data analytics, and supply chain optimization allowing us to unlock the full potential of our investments with a proven, value-driven approach.

Catalytic Capital

Catalyzing sustainable development. We are proud to partner with leading Development Finance Institutions as our Limited Partners, driving sustainable investments and leveraging catalytic capital to tackle critical development challenges while delivering financial returns and measurable impact. Rigorous ESG tracking ensures transparency, unlocking transformative potential at scale—empowering entrepreneurs, strengthening economies, and creating lasting value. We assess returns through financial performance and contributions to nexus country procurement in addition to the development impact, thus delivering wholistic stakeholder benefits.

Shared Ownership

Ownership works. We are committed to offering our portfolio company employees the chance to accumulate wealth within the workplace through shared ownership. Our experience shows that widespread employee ownership not only facilitates significant wealth accumulation for staff but also elevates family well-being, revitalizes company cultures, boosts employee involvement, and enhances business outcomes, leading to more robust organizations. Granting employees a share in the value they contribute to isn't just a sound business practice and a wise investment approach; it's fundamentally the right approach.

Our People

Experienced, Entrepreneurial, Passionate. We are a team that is entrepreneurial, passionate about our work, is working for the long-term, and have worked together for over a decade across multiple funds with a unique track record of results delivery in our focus sectors. Our passion lies in helping shape a vibrant entrepreneurial ecosystem, effecting lasting change, and creating substantial exit opportunities, all with the aim to position North Africa on an equal footing in the global economy.

We deliver for investors by building businesses that power tomorrow’s economy.

Our Portfolio

We don’t buy companies, we invest in partnerships. Nothing explains what we do better than the partner companies we back. Below are some of the leading companies in their sectors positively impacting their communities. These companies benefit from large addressable markets, defensible business models, and high quality capable management teams. The aggregate value of equity of our current partner companies is in excess of $1bn.

Cleopatra Hospitals Group is the largest hospital network in Egypt, our buy and build strategy since 2014 to provide access to quality healthcare.

Taoufik Hospitals Group is the largest hospital network in Tunisia, our buy and build strategy since 2014 to provide access to quality healthcare.

Taaleem is Egypt's leading higher education group, our buy and build strategy since 2015 to deliver quality affordable higher education.

Lilas is the leading local branded FMCG producer in Francophone Africa, based in Tunisia, manufacturing from diapers to personal care products across Africa.

Cepro is Algeria's leading independent diapers producer delivering quality affordable hygiene products across the country.

MaxAB is re-engineering the traditional retail market using digital technologies and data analytics in North Africa, from Egypt.

Realized Investments

Over the past decade, we’ve had the privilege of partnering with leading companies across a range of sectors, geographies, and transaction types—generating meaningful impact alongside attractive returns for our investors and partners. Our track record reflects a disciplined investment approach, deep local insight, and close collaboration with exceptional founders and management teams. RMBV has helped scale businesses in core sectors including healthcare services and manufacturing, K–12 and higher education, consumer goods and services, and financial services. Many of these companies are today's market leaders. To date, we have returned over $1.2 billion from 12 realizations in North Africa, and more than $1.6 billion across the broader Middle East.

We unlock value by finding great companies with untapped potential and enhancing their performance.

Our Impact

Returns with Responsibility. Our commitment is to deliver superior returns while driving substantial improvements for underserved businesses and customers in North Africa and beyond. At the core of our mission is creating meaningful impact, with ESG principles guiding us to ensure responsible outcomes. Our strategy emphasizes three main areas: i) expanding access to goods and services for consumers and businesses, ii) enhancing quality through affordability, diverse offerings, convenience, and efficiency, and iii) fostering positive changes in our markets to support inclusive growth, job creation and gender balance. We use a blend of financial, operational KPIs, and governance indices to effectively measure and report performance across our partner companies.

We are committed to Paris Alignment and will make commercially reasonable efforts to identify and fund green investments in portfolio projects that contribute to climate change mitigation, adaptation, and environmental objectives through energy and resource efficiency.

www.investinginthefutureofnorthafrica.org