Fund

Arab Fund for Social and Economic Development to finance Egyptian SMEs with $30M

Wed, 24 Nov 2021 - 08:30 GMT

Saad pointed out that the fund's focus now is investing in green economy as well as cooperating with the private sector.

Startup ByPa-ss raises $1M in pre-seed funding round

Thu, 04 Nov 2021 - 11:55 GMT

The company will use the proceeds of the financing round to expand the customer base under its HealthTag platform, or “Health Card”; To store and share medical records.

Interview with World Bank's team: $360M loan aims to enhance Egypt's macrofiscal sustainability, private sector and gender inclusion

Thu, 28 Oct 2021 - 01:26 GMT

The program focuses on three thematic pillars, including: enhancing macro-fiscal sustainability, enabling private sector development, and fostering women’s economic inclusion.

EBRD's fund in Egypt worth €7.7B

Mon, 11 Oct 2021 - 03:40 GMT

The EBRD has provided financing for the implementation of 143 projects, more than 75% of which are for the private sector, according to Rania Al-Mashat, Minister of International Cooperation.

Egypt launches fund with LE1B capital to support financial technology, innovation

Mon, 27 Sep 2021 - 04:30 GMT

The establishment of the fund aims to nurture young talents as they are a promising investment for the future and capable of achieving many gains for the Egyptian market, given what Egypt possesses of distinguished young cadres in various fields, foremost of which is financial technology.

Emergency relief fund pays LE1.424B to 416,666 workers--Manpower

Thu, 23 Sep 2021 - 12:49 GMT

As many as 416,666 workers in 3,824 facilities benefited from the cash money until the end of June 2021, he added during a meeting of the fund's board on Thursday.

$45B for Arabs.. IMF begins distributing allocations to confront coronavirus

Thu, 02 Sep 2021 - 03:34 GMT

These allocations represent a vaccine injection into the arm of the world, and if used wisely, it will be a unique opportunity to combat this unprecedented crisis, according to a statement by the 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.

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