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.

Egypt's Solidarity Ministry puts hand on 413 NGOs due to affiliation to terror organizations

Mon, 18 Jan 2021 - 05:19 GMT

The minister added that Egypt currently has 52,000 Egyptian NGOs, and 59 foreign NGOs.

Egypt’s Sovereign Fund to partner with Senegalese counterpart

Mon, 11 Jan 2021 - 09:02 GMT

The Senegalese ambassador highlighted that several opportunities for joint investments are available in Senegal, especially after the oil discoveries that have been made in recent years.

Microfinance in Egypt grows by 7% in 3rd quarter of 2020

Thu, 31 Dec 2020 - 08:37 GMT

The number of beneficiaries also rose slightly by 0.5 percent.

Minister highlights fact on French loans to Egypt in 2019-23

Thu, 10 Dec 2020 - 10:22 GMT

Egypt is receiving €1 billion during that period.

EIB provided €1.7B funding to support Egyptian SMEs

Thu, 19 Nov 2020 - 01:52 GMT

MIIC signed an agreement worth €120 million regarding the project "Development and Modernization of the Western Sewage Treatment Plant in Alexandria", for the benefit of the Ministry of Housing, Utilities and Urban Communities and the Executive Authority for Drinking Water and Sanitation.

2K small enterprises founded in Egypt in September 2020 through 1 funding program

Wed, 04 Nov 2020 - 12:49 GMT

That is through the SME's funding program "Mashrouak" (Arabic for Your Project).

Funding portfolio for projects in Egypt's civil aviation sector hits $225.7M

Tue, 13 Oct 2020 - 01:35 GMT

This comes within the framework of the Ministry of Civil Aviation's plan to develop the civil aviation system.

Back to basics: funding agricultural projects

Sun, 11 Oct 2020 - 03:05 GMT

Amidst an impeding global recession, several funding programs aim to serve investors in the agrarian industry.