IFC

IFC could finance 500MW wind farm in Egypt by $83M

Mon, 07 Nov 2022 - 06:42 GMT

The financing is pending approval and would consist of a $75 million loan and interest rate swaps worth around $8 million, according to the IFC.

Egypt is UAE’s gate towards establishing new economic horizons in Africa: Emirati Min.

Tue, 25 Oct 2022 - 04:47 GMT

“This will take place through the International Finance Cooperation (IFC),” Al Marri elaborated on Tuesday.

Egypt, World Bank discuss priorities on framework of strategic partnership 2023/27

Sun, 17 Apr 2022 - 02:54 GMT

The size of the current funding portfolio between Egypt and the World Bank is $5.5 billion directed towards 15 projects.

IFC Invests $15M in 'Algebra Ventures' to support Egyptian tech startups

Mon, 11 Apr 2022 - 02:28 GMT

The IFC's $15 million investment in Algebra Fund II will help support the growth of roughly 20 technology startups, primarily in Egypt but also in Africa more broadly, the IFC said in a press release.

Egypt, IFC cooperation portfolio records $1.26B

Thu, 11 Nov 2021 - 12:05 GMT

This came during Al-Mashat’s meeting with the International Finance Corporation’s (IFC) Global Head and Director of Climate Business, Vivek Pathak, as part of the Minister’s participation in the United Nations Climate Change Conference (COP 26) at Glasgow, the United Kingdom, running from October 31 to November 12.

Egypt, IFC sign agreement to facilitate women access to financing

Thu, 14 Oct 2021 - 09:24 GMT

This comes within the framework of the Ministry of International Cooperation’s endeavors to deepen strategic relations between Egypt and its multilateral and bilateral development partners; advancing the efforts towards achieving Egypt’s Vision 2030 and the UN’s Sustainable Development Goals (SDGs).

IFC Invests in BCI Holding, Helps Create Manufacturing Jobs in Egypt, Algeria, and Nigeria

Mon, 06 Sep 2021 - 08:17 GMT

A financing package from IFC will help BCI Holding SA, a leading regional manufacturer and distributor of polyurethane (PU) raw materials, systems and specialities with headquarters in the UAE to further expand its production in Algeria, Egypt, and Nigeria, creating hundreds of direct and indirect jobs in those countries.

IFC invests in Egypt’s 1st private sector green bond by $100M

Tue, 03 Aug 2021 - 02:17 GMT

IFC added in a statement that this investment is to help unlock finance for climate-smart projects, reduce greenhouse gas emissions, and support the country's transition to a greener economy.

Integrated Diagnostics Company signs $45M financing agreement with IFC

Tue, 25 May 2021 - 03:41 GMT

The loan extends to 8 years and will be allocated to finance the company's growth plans across current markets and to enter new markets with the aim of expanding the provision of diagnostic services in emerging markets with high growth rates in addition to strengthening its current presence in Egypt, Jordan and Nigeria, and Sudan.

Multi-stakeholder platforms help in exploring opportunities for int'l partnerships in petroleum sector: Al-Mashat

Sun, 09 May 2021 - 04:13 GMT

"The oil and gas sector development strategy has led to the signing of 98 international agreements with a minimum investment of $16 billion,” Tarek el-Molla commented.

IFC invests $421M in Egypt's private sector in 2020 raising overall development financing to $4B

Wed, 05 May 2021 - 01:50 GMT

The IFC, which is focused on developing private sector in Egypt, has invested over $4 billion in Egypt over the past decade, despite the COVID-19 pandemic;

Mashat participates in IFC’s webinar ‘Egypt of Tomorrow: Improving Healthcare through Private Sector Investments’

Fri, 02 Apr 2021 - 11:53 GMT

In the International Finance Corporation’s (IFC) virtual webinar titled “Egypt of Tomorrow: Improving Healthcare through Private Sector Investments”, the Minister of International Cooperation Dr. Rania A. Al-Mashat gave an opening speech on the role of the private sector in healthcare services development on March 30.

IFC, Egyptian Fintech Association partner to support entrepreneurship

Thu, 25 Mar 2021 - 10:22 GMT

This partnership focuses on enhancing the entrepreneurship environment in Egypt, pushing towards the 17 United Nations Sustainable Development Goals (SDGs).

IFC, ALEXBank partners to support Egyptian farmers access to solar irrigation system

Tue, 16 Mar 2021 - 03:07 GMT

IFC noted that through the partnership, both parties will design new financial products to enable farmers - most of whom may lack direct access to electricity grid - to purchase and install solar powered irrigation pumps.

Egypt's PM discusses with IFC, EBRD officials cooperation in desalination

Tue, 09 Mar 2021 - 07:51 GMT

The prime minister said that Egypt aims for cooperation with the two international organizations attracting private investments in the desalination sector.

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.

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