IFC

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.

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.

IFC, Investment Min. support ecosystem entrepreneurship in Africa

Wed, 03 Oct 2018 - 10:03 GMT

IFC added in a statement that a website was launched calling for applicants for the new initiative.

IFC signs agreement with Banque Misr to support female entrepreneurs

Mon, 24 Sep 2018 - 10:28 GMT

This agreement aims to help expand the number of women-led businesses in its SME banking portfolio.

IFC supports Middle East, North Africa with $2B in 2017/18

Wed, 29 Aug 2018 - 07:02 GMT

IFC, a member of the World Bank Group, provided over $1 billion in financing for its own account and mobilized another $1 billion from other investors in the region in fiscal year 2017/2018.

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.

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