In a move redefining Egypt’s entrepreneurial ecosystem, the Commercial International Bank (CIB), the nation’s foremost private-sector bank, has announced a strategic partnership with Lantern Ventures, a pioneering venture studio. The collaboration is designed to empower small and medium-sized enterprises (SMEs), a sector central to Egypt’s economic vitality.
This landmark partnership reinforces CIB’s long-standing commitment to supporting SME development by integrating financial and non-financial solutions. Through this collaboration, the bank is not only expanding access to capital but also facilitating impactful investments that deliver measurable social and environmental benefits.
Catalyzing Sustainable Business Growth
Lantern Ventures brings to the table a multidimensional platform that provides SMEs with critical business support across financial services, legal advisory, human resources, commercial strategy, information technology, and business development. This holistic model is aimed at helping emerging businesses scale efficiently, reduce exposure to operational risks, and navigate the complexities of today’s evolving market landscape.
“Lantern Ventures is uniquely positioned to serve as a catalyst for SME transformation,” said a representative of the venture studio. “Our integrated service model addresses the fundamental challenges that inhibit growth and equips entrepreneurs with the strategic tools they need to succeed.”
The initiative marks a significant advancement in how banks and venture studios can work synergistically to stimulate economic resilience and inclusive growth. CIB’s involvement ensures that participating SMEs have access not only to tailored financial products, but also to broader strategic support that aligns with international best practices in ESG (environmental, social, and governance) investment frameworks.
A Launchpad for Emerging Entrepreneurs
Of particular note is Lantern Ventures’ connection to Shark Tank Egypt, the localized iteration of the globally acclaimed entrepreneurial reality television series. Through this platform, Lantern has mentored and supported a diverse array of entrepreneurs, enabling them to refine their business strategies, enhance operational efficiencies, and build investor-ready ventures.
This tie-in offers CIB an exceptional vantage point from which to identify high-potential startups with viable business models and scalable impact. The partnership is also expected to fuel job creation, drive innovation, and contribute to national economic diversification objectives.
“We are pleased to partner with Lantern Ventures, as this partnership underscores our commitment to driving SME growth,” said Amr El-Ganainy, Deputy CEO and Executive Board Member at CIB. “CIB aims to unleash their full potential through providing tailored financial solutions and support.”
Strategic Vision with Societal Impact
CIB’s approach reflects a growing recognition within the financial sector of the importance of inclusive capitalism. By aligning its SME strategy with institutions like Lantern Ventures, the bank is prioritizing impact-driven growth that balances financial returns with broader societal value.
