Fund

Egyptian president endorses $95M fund by OFID to MSMEs

Thu, 29 Apr 2021 - 02:35 GMT

The agreement was signed on June 22, 2020 and mainly targets youth and women.

Algebra Ventures launches $90M fund to invest in startups in Egypt

Wed, 07 Apr 2021 - 01:19 GMT

Algebra Ventures will aim to complete the first closure in the third quarter of 2021.

FRA agrees with CBE to establish fund to support liquidity at EGX

Wed, 24 Mar 2021 - 11:49 GMT

The fund also aims at the entry of new investors, in addition to increasing the solvency and financial capacity of current investors.

Egypt funds small, micro projects with LE3.7B in 11 months

Sun, 03 Jan 2021 - 11:03 GMT

Gamea clarified in a statement, Sunday, that these projects provided 195,000 job opportunities.

Egypt secures $9.8B in funds in 2020 through 'economic diplomacy': minister

Mon, 28 Dec 2020 - 03:30 GMT

"Economic diplomacy" is aimed at bridging funding gaps in vital projects in Egypt, Minister Mashat highlighted.

Egypt secures $2.69B for Sinai development in 2020

Tue, 22 Dec 2020 - 02:33 GMT

The ministry noted that this fund came as an Egyptian partnership with several financing institutions (the Saudi Fund for Development, the Kuwaiti Fund for Arab Economic Development, the Arab Fund for Economic and Social Development).

Long Live Egypt Fund achieves Guinness World Record for biggest humanitarian aid convoy

Thu, 19 Nov 2020 - 04:01 GMT

The Long Live Egypt fund officially achieved a Guinness record title for launching the largest humanitarian convoy to support one million families at the New Administrative Capital.

Egypt's president reviews LE1B-initiatives targeted at low-income segments

Mon, 09 Nov 2020 - 10:54 GMT

President Abdel Fatah al-Sisi met on Sunday with his Advisor for Financial Affairs and Chairman of Tahya Misr Fund.

Arab Fund postpones Egypt's payback for 1 year because of COVID-19

Wed, 14 Oct 2020 - 08:02 GMT

The Cabinet ratified on Wednesday the initiative of the Arab Fund for Economic and Social Development (AFESD) to push back the due dates of loan installments and interests.

15-member board of directors formed to lead fund supporting people with disabilities

Wed, 07 Oct 2020 - 01:11 GMT

A 15-member board of directors has been formed for a fund supporting people with disabilities, according to the Wednesday issue of the National Gazette.

Egypt's Finance Min. reviews details of consumption guarantee, stimulus fund

Tue, 14 Jul 2020 - 02:14 GMT

Ma’it said that the fund will be launched with a capital of LE 2 billion, and it will have multiple goals.

Finance minister says fund to encourage consumption to be launched soon

Sun, 12 Jul 2020 - 04:19 GMT

The fund-to-be aims to increase consumer capabilities among citizens, he said during the inauguration of a number of national projects earlier today.

Statement of Int'l Coop. Ministry on World Bank's $400M fund to Egypt

Wed, 17 Jun 2020 - 03:25 GMT

Minister of International Cooperation announced Wednesday the approval of the World Bank's Board of Executive Directors to provide Egypt with $400 million.

World Bank offers Egypt $400M to fund new health insurance system

Wed, 17 Jun 2020 - 02:25 GMT

This is part of the emergency response project to address coronavirus pandemic; to support the Egyptian government’s efforts to implement the universal health insurance system.

What to know about aspired Endowments Fund in Egypt

Sun, 14 Jun 2020 - 03:14 GMT

The Cabinet submitted to the House of Representatives a draft bill on the establishment of the Endowments Fund.

Egypt's Samih Sawiris applauds draft law merging tourism, antiquities funds

Mon, 08 Jun 2020 - 06:43 GMT

Business tycoon Samih Sawiris has praised the draft law on merging the funds for the sectors of tourism and antiquities, saying it would support the financial resources of the merged fund.

Central Bank of Egypt issues loan guarantees worth LE100B for banks to fund investors

Tue, 19 May 2020 - 12:08 GMT

The banks should be encouraged to be part of an initiative offering loans of 8 percent diminishing balance interest rate to private investors in certain sectors.

6 measures to help recovered from addiction in Egypt amid COVID-19 outbreak

Thu, 30 Apr 2020 - 03:35 GMT

The Addiction Treatment & Abuse Fund led by Minister of Social Solidarity Nevine al-Kabbaj applies six measures to support addiction recoverees and reduce relapse amid coronavirus pandemic.

IMF to exempt 25 poor countries from debt service payments

Wed, 15 Apr 2020 - 07:22 GMT

These countries are most vulnerable to debt and come under the IMF’s revised Catastrophe Containment and Relief Trust. The IMF’s relief package is a response to help poor countries on the back of the Covid-19 pandemic.

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