AMAN, Bokra and Erada join GIZ-backed venture debt programme in Egypt
Press release: AMAN Holding, Bokra and Erada Finance have joined Scale It Forward, an initiative launched by GIZ Egypt and enpact to advance the adoption of Venture Debt in Egypt. The three financial institutions signed framework agreements with enpact during a launch ceremony in Cairo, becoming the programme’s first Financial Institution partners and marking their commitment to exploring and…
Three Egyptian financial institutions, AMAN Holding, Bokra, and Erada Finance, have joined Scale It Forward, a venture debt program backed by GIZ Egypt and enpact. The initiative aims to promote the adoption of Venture Debt in Egypt, providing an alternative financing option for high-growth businesses without equity dilution. The program, launched in Cairo, sees the financial institutions signing framework agreements with enpact, marking their commitment to exploring and piloting Venture Debt solutions.
Scale It Forward is designed to expand access to non-dilutive financing, build the financial sector's capacity to deliver Venture Debt products, and create a structured pathway for its adoption within Egypt's entrepreneurial ecosystem. The Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) Egypt and enpact are co-developing and implementing the program, with the support of Invest for Jobs - the Special Initiative "Decent Work for a Just Transition", on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ).
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