Egypt joins Africa50 agreements to boost infrastructure development, financing

Thu, 10 Aug 2023 - 03:17 GMT

The Africa50 Fund aims to invest in infrastructure, focusing on sectors such as energy, transportation, information and communication technology, and water.

Egypt's Envi. Minister joins GEF meeting to establish global fund for biodiversity

Thu, 20 Apr 2023 - 03:16 GMT

It is the first proposal to be submitted for discussion, and work will take place during the coming period through a consultative process to reach the most appropriate formula that can be agreed upon about creating this fund.

Egypt's Senators suggest alternative approaches for funding educational sector

Tue, 24 Jan 2023 - 03:13 GMT

In a session with Minister of Education, Reda Hegazy, senate members presented their suggestions to tackle current issues facing the educational sector on Monday.

Egypt's Senate passes bill regulating work of 'Digital Egypt Fund'

Sun, 25 Dec 2022 - 02:02 GMT

The bill also indicated the sources of funding.

Parties agree to establish climate 'loss and damage fund': COP 27 presidency

Sun, 20 Nov 2022 - 09:45 GMT

The announcement was made early on Sunday.

Switzerland, Spain commit €10M to AfDB at COP 27 in support to green urbanization

Fri, 18 Nov 2022 - 05:14 GMT

The AfDB's vice-president, Kevin Urama, stated in July that Africa was losing 5 percent to 15 percent of GDP per capita due to climate change.

Egypt to establish Fund of assets for IPO worth $4B

Tue, 07 Jun 2022 - 06:38 GMT

The CEO of the Sovereign Fund of Egypt revealed that the value of the portfolio ranges between $3 billion and $4 billion, with the aim of raising it to more than $5 billion or $6 billion.

What you need to know about Egypt's NGO Support Fund

Sat, 23 Apr 2022 - 12:11 GMT

Egypt's Law No. 149 of 2019 regulating the practice of civil work stipulated the establishment of a fund to support projects of NGOs and institutions.

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.