CAIRO - 3 February 2026: Country Manager of the International Finance Corporation (IFC) for the Horn of Africa, Sheikh Omar Silla, said the institution has invested $6.5 billion in Egypt over the past seven years, underscoring its growing role in supporting the country’s private sector development.
Silla stated that IFC financing has been channeled into a wide range of sectors, including commercial banking, healthcare, sustainable manufacturing, ports, and new and renewable energy, as part of efforts to promote inclusive and sustainable growth.
He noted that IFC commitments in Egypt reached $910 million during the 2023/2024 fiscal year. For the current 2025/2026 fiscal year, the corporation has already mobilized funding exceeding $1 billion, reflecting continued confidence in the Egyptian market.
Looking ahead, Silla said the IFC aims to further expand its investment portfolio in Egypt, with the annual value of targeted projects expected to surpass $1 billion in the coming years.
On procurement, he revealed that Egyptian suppliers have secured 49 projects between the 2021/2022 and 2024/2025 fiscal years, with a total value of $346 million across 579 contracts.
The breakdown of these contracts showed that advisory services and goods accounted for 36.43 percent, worth $126.18 million, while business financing captured the largest share at 57.88 percent, valued at $200.45 million. Non-advisory services made up the remaining 4.87 percent, totaling $16.85 million.
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