PRESS RELEASEThe British University in Egypt Announces Strategic Investment from AfricInvest to Fuel Expansion and Transformation
The British University in Egypt has announced a new strategic partnership with AfricInvest, a leading pan-African investment platform, to fuel its next phase of expansion and transformation. The investment, which is one of the largest foreign direct investments in Egypt’s education sector to date, was made through a capital increase. The Khamis family remains the majority shareholders of the University after the investment. AfricInvest’s commitment to investing in institutions that create impact and opportunity across Africa aligns closely with the University’s mission to provide student-centred, globally-connected education that prepares graduates for active participation in society
.”We welcome AfricInvest’s strategic investment in our University,” said Ms. Farida Khamis, Chair of the Board of Trustees. “This injection of capital, with ongoing support from the Egyptian government, will allow us to further the legacy of our founder – my late father, Mr. Mohamed Farid Khamis – by broadening the capabilities and academic reach of the University to ensure our leading role amongst educational institutions, not just in Egypt, but in the Middle East and Africa.”The capital increase will enable the University to further strengthen its position in the higher education sector in Egypt and regionally by expanding the capacity of existing faculties, establishing new ones, diversifying its curriculum, broadening its educational offerings, and implementing enhanced governance tools – while working closely with AfricInvest to identify potential synergies and partnerships in Africa and the region. “The University has made its mark as a student-centred institution, and we look forward to working with our new partners to seek innovative synergies. We plan to leverage AfricInvest’s investment to further develop and strengthen our infrastructure and improve the learning experience for our students,” said Professor Mohamed Loutfi MBE, President and Vice-Chancellor. Mr. Ismail Talbi, Senior Partner at AfricInvest, stated, “We are thrilled with our strategic investment in The British University in Egypt, which marks a significant step towards enhancing educational excellence in the region. Our commitment is to drive the University’s expansion and transformation, empowering it to become a leading player in higher education across Africa and the Middle East.”Moustafa El Shenety, Managing Partner at Zilla Capital added, “Zilla Capital is pleased to have acted as the exclusive financial adviser on this milestone transaction. This unique complex transaction reinforces our commitment to supporting strategic investments that strengthen the higher education sector and its impact on future generations. We were delighted to work alongside The British University in Egypt and AfricInvest teams to make this happen.” said.About The British University in Egypt (https://www.bue.edu.eg/)Founded in 2004, The British University in Egypt is Egypt’s premier private British university.
It offers a wide range of dual-degree undergraduate and postgraduate degrees – in partnership with its global academic partners, Manchester Metropolitan University, London South Bank University and Queen Margaret University – based on the British model of higher education
.The formation of The British University in Egypt arose from a 1998 Memorandum of Cooperation between the governments of Egypt and the United Kingdom, with the University being formally established in 2004. Consisting of 12 academic faculties, the University is renowned for its “learning by doing” approach, it’s commitment to regional and global sustainable development goals, and its unparalleled student life experience.
About AfricInvest (https://www.africinvest.com/) AfricInvest is a leading pan-African investment platform active in multiple alternative asset classes, including private equity, venture capital, private credit, blended finance, and listed equities. Over the past thirty years, we have raised USD 2.3 billion to finance more than 230 companies at various development stages, delivering value and impact for our investors, portfolio companies, and the communities we serve. Our 100-strong team of investment experts in more than ten offices across three continents has a proven track record of providing attractive risk-adjusted returns while spurring productivity growth, creating jobs, and ultimately improving African lives through inclusive and sustainable development.
