IFC

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.

Financial Times publishes joint article by Int'l Cooperation Min., IFC’s Vice President on Egypt’s Leading Efforts in Green Economy

Tue, 02 Feb 2021 - 02:49 GMT

Egypt’s Ministry of International Cooperation, in partnership with the private sector, is working to transform the country towards a green economy, within the framework of the first pillar of the Economic Diplomacy: Multi-Stakeholder Platforms.

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, Agricultural Bank of Egypt partner to promote farmers’ switch to solar irrigation systems

Thu, 19 Nov 2020 - 05:09 GMT

Using solar power for water pumping could potentially save farmers an estimated LE 14 billion ($875 million) annually in diesel fuel costs, helping reduce greenhouse gas, according to IFC.

Egypt, IFC launch 3-year consultancy program for enabling women

Fri, 21 Aug 2020 - 10:34 GMT

he program is aimed at creating a more suitable and flexible business climate in the private sector for enabling women.

IFC launches new program to help boost women’s employment in Egypt

Wed, 22 Jul 2020 - 03:19 GMT

IFC said the three-year program will help create family-friendly, flexible workplaces to make Egyptian businesses more resilient, agile and inclusive, especially in times of crisis.

IFC cooperates with Egypt in strengthening clean tech start-ups, enabling farmers to switch to solar

Tue, 14 Jul 2020 - 10:11 GMT

IFC announced Tuesday joining forces with the National Bank of Egypt and the Micro, Small and Medium Enterprise Development Agency (MSMEDA) to strengthen the clean technology entrepreneurship sector .

NBE, IFC ink cooperation agreement on funding solar-powered water pumps

Tue, 07 Jul 2020 - 03:44 GMT

Okasha pointed out that the agreement is the first of its kind between NBE and IFC.

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).

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.

Mashat calls on IFC to encourage private sector to engage in sustainable development projects

Thu, 27 Feb 2020 - 01:09 GMT

The minister made the remarks Thursday during her meeting with Philippe Le Houérou, the IFC CEO and member of the Wold Bank Group, according to a press release by her ministry here.

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.

Petroleum Ministry signs MoU with IFC on funding infrastructure projects

Wed, 03 Apr 2019 - 12:51 GMT

The MoU targets to support turning Egypt into a regional hub for petroleum and natural gas trade.

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.

IFC, Investment Min. select 100 start-ups to participate in initiative

Fri, 07 Dec 2018 - 11:55 GMT

IFC noted that the start-ups include Vezeeta, Avidbeam and Next Protein.

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