IFC
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 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 .
Okasha pointed out that the agreement is the first of its kind between NBE and IFC.
These smart meters will also help rationalize electricity use, enabling consumers to keep track of their energy consumption, the IFC added.
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).
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).
the Fund, SPE AIF I is managed by SPE Capital Partners and will focus mainly on Egypt, Morocco and Tunisia.
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.
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.
This is the first project to be carried out under the Auction system, she added.
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.
The MoU targets to support turning Egypt into a regional hub for petroleum and natural gas trade.
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.
International Finance Corporation (IFC) CEO Philippe Le Houérou praised on Sunday economic decisions taken by the Egyptian government to increase investments.
IFC noted that the start-ups include Vezeeta, Avidbeam and Next Protein.
This is the largest number of reforms implemented in Egypt in one year during the past 10 years.
IFC added in a statement that a website was launched calling for applicants for the new initiative.
This agreement aims to help expand the number of women-led businesses in its SME banking portfolio.
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.
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.