International Finance Corporation

IFC finances Pasabahce Egypt with $30M to support exports, sustainable glass production, jobs

Tue, 16 Feb 2021 - 03:34 GMT

IFC clarified in a statement that the objective of the funding is to help the company boost exports, introduce cleaner production practices, and create jobs.

IFC inks deal to close gender gap in private sector

Wed, 16 Dec 2020 - 02:02 GMT

The deal is part of greater efforts aimed to help Egyptian private companies to deal with the negative impacts of the COVID-19 pandemic, giving attention to creating equal opportunities for women at work.

IFC to invest $10M in electricity meter manufacturer "Globaltronics"

Sun, 21 Jun 2020 - 02:39 GMT

These smart meters will also help rationalize electricity use, enabling consumers to keep track of their energy consumption, the IFC added.

Egypt discusses private sector role with int’l financial institutions

Thu, 30 Apr 2020 - 01:52 GMT

The meeting was attended by officials from World Bank (WB), IFC, European Investment Bank (EIB), European Bank for Reconstruction and Development (EBRD) and African Development Bank (AfDB).

IFC invests $20M in fund focuses on Egypt, North Africa

Mon, 13 Apr 2020 - 01:07 GMT

the Fund, SPE AIF I is managed by SPE Capital Partners and will focus mainly on Egypt, Morocco and Tunisia.

IFC finances project in Egypt’s industrial sector by $2.3M

Tue, 30 Apr 2019 - 11:28 GMT

This came during the extended meeting held by the Minister with IFC delegation led by WalidLabadi, Director of the Foundation's Cairo office for Egypt, Yemen and Libya.

EETC, IFC to set up 700 megawatt solar plant west of Nile

Thu, 18 Apr 2019 - 03:59 GMT

This is the first project to be carried out under the Auction system, she added.

IFC willing to expand activities in Egypt

Fri, 12 Apr 2019 - 10:14 GMT

Nasr underscored the IFC's great role in supporting several mega projects in Egypt, noting that the corporation's investments in Egypt hit a record high in 2017-2018 fiscal year after reaching $1.2 billion.

IFC invests up to $100M in MEGM to boost manufacturing, create jobs

Tue, 02 Apr 2019 - 01:01 GMT

IFC clarified in a statement that this finance is to support the firm’s capital expenditure program, create new jobs, and boost Egypt’s manufacturing sector.

IFC chief praises steps taken by Egypt to increase investments

Sun, 09 Dec 2018 - 03:53 GMT

International Finance Corporation (IFC) CEO Philippe Le Houérou praised on Sunday economic decisions taken by the Egyptian government to increase investments.

Egypt’s ranking jumps 8 places on Doing Business 2019

Thu, 01 Nov 2018 - 09:54 GMT

This is the largest number of reforms implemented in Egypt in one year during the past 10 years.

Backing Egypt’s Private Sector

Mon, 20 Aug 2018 - 10:30 GMT

The International Finance Corporation’s Country Manager Walid Labadi chats with Egypt Today about their future investments in the country, key issues facing the private sector and the sectors they see most potential in.

IFC invests $1.23B in Egypt during 2017/18, plans additional $1B

Wed, 08 Aug 2018 - 09:36 GMT

IFC sees great opportunities in infrastructure projects in Egypt, renewable energy, especially in the wind sector.

Egypt's financial regulatory body launches dialogue on green bond guidelines

Wed, 27 Jun 2018 - 12:35 GMT

The global green bond market has taken off in recent years to total $155 billion in 2017, a 78 percent increase from the previous year.

IFC provides Egyptian Fertilizers financing debt up to $100M

Tue, 15 May 2018 - 02:13 GMT

The financing is a part of a $445M debt package backed by commercial banks and other international institutions to support the company’s continued development.

IFC provides Egyptian currency loan to support construction sector

Wed, 09 May 2018 - 12:58 GMT

IFC clarified that the goal of this loan is to help the chemical company to boost its production and to create jobs.

IFC invests $1B to support Egypt’s private sector

Sun, 22 Apr 2018 - 03:20 GMT

IFC affirmed that its commitment to boost the Egyptian economy came as a result of the strong economic reform taken by the Egyptian government.

Digital finance services can increase Egypt’s GDP

Sat, 27 Jan 2018 - 04:09 GMT

The move by CBE and EBI towards more digitalized services is expected to boost the economy, and boost the financial status of women

Digital finance services can increase Egypt’s GDP

Sat, 27 Jan 2018 - 04:09 GMT

The move by CBE and EBI towards more digitalized services is expected to boost the economy, and boost the financial status of women

IFC eyes petrochemical project at Sokhna: regional director

Thu, 07 Dec 2017 - 08:15 GMT

International Finance Corporation (IFC) is considering establishing a major petrochemical project at Ain Sokhna.