Funding

Egypt, representing 108 countries, proposes solutions on funding peace-building at UN Security Council

Thu, 28 Apr 2022 - 02:37 GMT

Those are African and European countries as well as some Asian, North American, South American and Caribbean countries.

Norway's Scatec ASA to issue green bonds worth $334.5M to refund projects at Egypt's Benban Solar Park

Thu, 28 Apr 2022 - 10:15 GMT

The duration of those bonds is 19 years.

In outstanding revamp, Egypt's 1st metro line trains to be all new, air conditioned

Sun, 24 Apr 2022 - 12:37 GMT

The Egyptian government has taken concrete steps to revamp Greater Cairo's first metro line.

320K female-owned micro businesses acquire funding worth LE2.6B in Egypt

Mon, 18 Apr 2022 - 02:00 GMT

The funding is in the form of grants that are not paid back.

Egyptian municipal authorities help create 123K job opportunities in rural villages

Wed, 06 Apr 2022 - 11:32 GMT

A press statement issued by the Ministry of Local Development on Wednesday indicated the top five governorates that received funds through the programme.

Funding portfolio of International Islamic Trade Finance Corporation with Egypt is $13.8B

Mon, 14 Mar 2022 - 03:12 GMT

Minister of Planning and Economic Development Hala al-Said stated Monday that the International Islamic Trade Finance Corporation has funded Egypt with $13.8 billion until present.

Agreement signed for EBRD to contribute in funding Egypt's Abou Kir electric metro

Sun, 06 Mar 2022 - 01:40 GMT

Three other international partners are also taking part in the project.

53K micro enterprises funded within 1st phase of Decent Life initiative

Wed, 15 Dec 2021 - 01:04 GMT

That is through the Ministry of Social Solidarity and civil associations to enhance the living conditions of beneficiaries.

Egyptian platform "Breadfast" raises $26M in an initial funding round

Thu, 04 Nov 2021 - 11:49 GMT

According to the statement, the total investment of Breadfast so far amounts to about $33 million.

Egypt offers LE 2.8B in financing for small and micro projects in 6 months

Sun, 15 Aug 2021 - 05:48 GMT

Young people in the age group of 30-40 years received up to 36 percent of this funding, and the governorates of Upper Egypt benefited by more than 43 percent of the funding.

Egyptian government offers 100K residential units to be purchased through Central Bank's initiative

Sun, 15 Aug 2021 - 02:15 GMT

Application began on August 15 and will last until September 9.

EGX Sustainable Development Foundation approves financial funding for community development

Tue, 03 Aug 2021 - 05:19 GMT

the meeting discussed the foundation's strategic plan, aiming to support the efforts of the Egyptian government for the society’s development through providing support to “A decent life” initiative.

Egypt can cooperate with African Funding Corporation in 3 sectors: PM

Wed, 28 Jul 2021 - 10:30 GMT

Prime Minister Mostafa Madbouli held Tuesday a meeting in Cairo with CEO of the African Funding Corporation (AFC) Samaila Zubairo and the accompanying delegation.

Egypt expresses to UAE desire to reach legally binding deal on GERD

Fri, 16 Apr 2021 - 12:01 GMT

Abdel Aati affirmed the need for a binding agreement on the filling and operation of the massive GERD in a way that meet the aspiration of the three concerned countries of Egypt, Sudan and Ethiopia in development.

Cabinet approves $50-million soft financing deal by Arab country

Wed, 17 Mar 2021 - 12:34 GMT

The deal inked in January is subject to the endorsement of the president.

Egyptian pres. instructs CBE to launch real estate financing program offering 30-year loans with 3%-interest max

Mon, 15 Mar 2021 - 10:35 GMT

The program is targeted at low and middle income citizens.

Aswan Forum sheds light on pathway out of pandemic to development

Mon, 01 Mar 2021 - 06:46 GMT

A session titled "Recovering Stronger, Rebuilding Better: Pathways for a More Secure, Resilient, and Prosperous Africa" was held.

Egypt’s Intl. Cooperation min., UNDP, Catalyst Partners team up on 'Impact Investing'

Sun, 28 Feb 2021 - 11:22 GMT

As part of this broader scope of work, UNDP and the Egyptian private equity Catalyst Private Equity (CPE) will put in practice an impact measurement towards the SDGs of private sector enterprises and private investments.

Egypt provided $ 9.8B in financing for development projects during 2020

Thu, 11 Feb 2021 - 03:03 GMT

Al-Mashat clarified that $ 6.7 billion out of the funding was secured to finance sovereign projects and $ 3.1 billion was to support the private sector.

Egyptian minister presents measures taken to diversify funding for development plans

Tue, 09 Feb 2021 - 01:19 GMT

Minister of Planning and Economic Development Hala El-Said gave an overview of the efforts made to diversify the sources of financing development plans and programs.

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