The agreement was signed by Ahmed Tarek, Co-founder of Lantern Ventures, and Yasser Abdallah, Executive Vice President of Retail Banking and SMEs at CIB. The signing ceremony was attended by Mohamed Farouk, Chairperson of Lantern Ventures; Amr El-Ganainy, Executive Vice President and Executive Board Member at CIB; and Hany El-Deeb, Head of Medium and Small Enterprise Credit Products, Sectors, and Relations at CIB.
This partnership aligns with CIB’s long-term strategy to strengthen the SME sector by offering both financial and non-financial services tailored to the specific needs of these businesses. The collaboration also emphasizes supporting companies that create positive societal and environmental impact.
Lantern Ventures provides a range of financial and strategic services to help start-ups scale efficiently and sustainably. The firm is dedicated to advancing local entrepreneurship, empowering business founders, and helping them overcome expansion challenges—especially in navigating new markets. Lantern also plays a key role in fostering Egypt’s innovation and tech ecosystem.