Private Sector

Private sector to sell electricity before end of 2023

Tue, 10 Oct 2023 - 05:01 GMT

The private sector will be able to sell electrical power before the end of 2023, Minister of Electricity Mohamed Shaker said Tuesday.

Egypt's private sector allocates $2.1B in development funds since the beginning of 2023

Sun, 13 Aug 2023 - 04:22 GMT

Al-Mashat elaborated that the funds come in the form of investments, contributions, lines of credit or development financing, for companies of all kinds, large, medium and small, and startups.

30% of development cooperation portfolio directed to private sector: Al-Mashat

Mon, 12 Jun 2023 - 04:22 GMT

This came during Al-Mashat’s speech within the activities of the second annual conference of the Chamber of Food Industries, under the title "Sustainability and Increasing Investment in the Food Industries".

Sovereign Fund of Egypt seeks stronger co-op with private sector in development efforts

Thu, 01 Jun 2023 - 01:10 GMT

Increasing the private sector’s participation is a state priority, the Sovereign Fund of Egypt (TSFE) head was reported by local media as saying

Egypt’s gov’t must support private sector: National Dialogue assistant rapporteur

Mon, 15 May 2023 - 09:34 GMT

The Egyptian state must support private investment when it faces slowdown while preventing monopoly and ensuring competitive neutrality, National Dialogue assistant rapporteur Mahmoud Sami said Monday.

Egypt’s increases expected budget deficit rate to 6.9% for FY23/24: Finance Minister

Tue, 09 May 2023 - 03:30 GMT

Maait attributed this to the interest rate hikes in Egypt and global markets, and reassured about the performance of the Egyptian economy in light of the current global crises.

Thursday 4 May paid holiday for Egypt’s private sector employees on Labor Day

Thu, 27 Apr 2023 - 04:31 GMT

Egypt’s Manpower Minister Hassan Shehata announced that next Thursday, 4 May, will be a paid day off for the private sector employees on the occasion of Labor Day.

Monday 17 April paid day off for employees of Egypt's public, private sectors on Sham El-Nessim

Tue, 11 Apr 2023 - 09:48 GMT

Manpower Minister Hassan Shehata announced Tuesday that next Monday will be considered a paid day off for private sector employees and civil servants, alike, on the occasion of Sham El-Nessim.

Int'l partnerships provided private sector with $7B over 3 years - Minister

Sun, 26 Mar 2023 - 01:44 GMT

The framework of international cooperation and development financing for Egypt is built on years of collected experience, Mashat said.

IFC's Vice President visits Egypt Monday, discusses private sector's contribution to economy

Sun, 19 Mar 2023 - 02:10 GMT

The IFC has a growing investment portfolio amounting to about $1.5 billion in investment projects in Egypt, in addition to $32 million in advisory programs.

Egypt commits to enhance relations with Uzbekistan, increase partnerships between private sector

Tue, 21 Feb 2023 - 02:50 GMT

The round table is part of the president’s first visit to Egypt, in light of the distinguished relations between the two countries, and the mutual high-level visits in order to advance relations on all levels, as well given the previous visit of President of the Arab Republic of Egypt, President Abdel Fattah El-Sisi to Uzbekistan, which witnessed the signing of several documents of joint cooperation.

Egypt works IFAD to mobilize diverse financing mechanisms, stimulate private sector participation in food security

Thu, 16 Feb 2023 - 04:30 GMT

In addition to Al-Mashat, the panel included Kevin Kariuki, Vice-President of Power, Energy, Climate and Green Growth, African Development Bank Group (AfDB), Aaron Leopold, CEO of EnerGrow, Esther Penunia, Secretary-General, Asian Farmers’ Association, moderated by Kitty van der Heijden, Director-General for International Cooperation, Ministry of Foreign Affairs, Kingdom of the Netherland.

Egyptian state supports private sector to increase its economic share: PM

Sat, 11 Feb 2023 - 07:50 GMT

“My office is ready to take any ideas or complaints about challenges the private sector is experiencing to help to overcome all obstacles hampering business activities,” he added at a news conference following his inspection tour of projects in the 6th of October City.

Egypt, IFC discuss expansion of development finance to increase private sector participation

Mon, 30 Jan 2023 - 04:45 GMT

The Minister pointed out the importance of expanding the scope of cooperation between the IFC and private sector companies in Egypt through credit lines to banks to promote the development of small, medium and micro enterprises (SMEs), in addition to the availability of green bonds, to increase investments in various fields.

Egypt, World Bank discuss 2023/2027 country partnership framework, private sector engagement

Sun, 29 Jan 2023 - 04:16 GMT

Minister of International Cooperation Meets the WBG Regional Director for Equitable Growth, Finance and Institutions to Discuss 2023-2027 Country Partnership Framework (CPF) & Private Sector Engagement

Sisi approves Egypt’s ownership policy document to regulate state’s presence in economic activities

Thu, 29 Dec 2022 - 10:34 GMT

Egypt’s President Abdel Fattah El-Sisi has approved the State Ownership Policy Document that aims at regulating the state’s presence in economic activities.

More efforts required from private sector to enhance climate action: Mahmoud Mohieldin

Thu, 13 Oct 2022 - 02:53 GMT

In his speech, the climate champion referred to the recent report by the International Adaptation Centee, which indicated that 11.4 billion euros were spent on adaptation, with only 3 percent coming from the private sector, which requires further efforts in this regard.

Sisi: Private sector’s contribution to Egypt’s economy 70-75%, state to remove investment obstacles within 2 months

Tue, 27 Sep 2022 - 11:30 GMT

Sisi made his remarks on Tuesday during the inauguration of a number of projects belonging to the General Authority for Investment and Free Zones (GAFI).

Volume of private secor investments expected to hit LE 300 bln in Egypt's new fiscal year

Mon, 19 Sep 2022 - 06:46 GMT

The volume of private sector investments is expected to reach about 300 billion pounds during the new fiscal year.

Egypt's Health Min. offers gov't hospitals for investment to private sector

Thu, 15 Sep 2022 - 03:58 GMT

Abdel Ghaffar added that the hospitals offered to private sector companies for investment include, "The Coptic Hospital, Heliopolis, and Sheraton".