The Abraaj Group, a major investor operating in global growth markets, has announced a partnership, through its second generation North Africa Fund (ANAF II), with Tiba Group, a leading education service provider in Egypt.
Tiba operates across three verticals and through seven educational institutions in Egypt, serving approximately 20,000 students.
Founded by Seddik Afifi in 1990, Tiba has grown from one K-12 school (Thebes School) to cover both the higher education segment through the Thebes Academy chain, and university-level education through Nahda University.
Seddik founded his first school in 1981.
The Thebes Academy consists of three academies in Cairo and Giza, offering engineering, computer science, IT, business management and financial markets courses.
Nahda University was established in 2007 and is the first private university in Upper Egypt.
Aside from its investment strategy for the MENA region, Abraaj invests in resilient sectors such as education.
Abraaj and Tiba’s management team will focus on enhancing its curriculums and brand to increase enrolment, upgrading its facilities, and expanding partnerships with potential employers to increase job placements for its university and academy students.
Ahmed Badreldin, partner and regional head of MENA for the Abraaj Group, said: “Our collaboration with Afifi and Tiba represents a unique partnership with Egypt’s leading education group who share our vision of providing high quality, relevant and accessible education to a growing student body in Egypt.”
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