Egypt starts to increase local production, adapts more diversification strategies: EBRD official

Wed, 17 May 2023 - 12:17 GMT

Harmgart stated that the pressure of global food prices has led to more diversification strategies.

Video - Egypt has become increasingly competitive as a manufacturing hub: EBRD Managing Director

Tue, 16 May 2023 - 11:14 GMT

Harmgart expressed her eternal optimism with in particular, labor costs slow in and with declining exchange rate in big markets like Egypt.

EBRD expects Egypt’s real GDP growth for FY2022/2023 to reach 4%

Tue, 16 May 2023 - 04:31 GMT

The report noted that increased gas exports, Egypt's role as an energy hub in the eastern Mediterranean, and the implementation of business-environment reforms supported by the International Monetary Fund (IMF) were main factors to the positive outlook

Samcrete, Al Kharafi awarded contracts under EBRD’s Fayoum Wastewater Program

Wed, 03 May 2023 - 01:42 GMT

Egypt’s Samcrete was awarded two contracts valued at €36.6 million to build new sewage networks and pump stations in Fayoum and Al Kharafi will design and build a new wastewater treatment plant with a 35k cbm/d capacity in a €23.9 million contract.

Egypt, IFC, EBRD sign cooperation agreement on desalination projects

Thu, 23 Mar 2023 - 09:56 GMT

Minister of Planning and Economic Development and Chairwoman of The Sovereign Fund of Egypt (TSFE) Hala El-Said attended Wednesday the signing ceremony.

EBRD increases stake in Egypt’s Infinity through $41.5M commitment

Thu, 17 Nov 2022 - 04:33 GMT

The EBRD is a current shareholder in the company, having invested $60 million in 2020.

EBRD supports Egypt’s private-to-private renewables sector by $5.5M

Tue, 08 Nov 2022 - 04:52 GMT

The new funding comprises a $ 4.95 million loan from the EBRD and a $ 550,000 concessional loan from the Global Environment Facility (GEF) to finance the construction and operation of a 7 MWp solar photovoltaic (PV) project in El Minya.

EBRD supports green investments in Egypt's SMEs by $100M

Sun, 11 Sep 2022 - 01:20 GMT

The EBRD elaborated that the loan follows the success of the Green Economy Financing Facility (GEFF) in Egypt, and will support an expansion of green lending in Egypt to under-served regions for investments in climate change mitigation and adaptation technologies and services.

Sisi, EBRD’s President explore areas of cooperation, latter praises Egypt’s economic reforms

Thu, 08 Sep 2022 - 02:45 GMT

President Abdel-Fatah El-Sisi received, Wednesday, Odile Renaud Basso, President of the European Bank for Reconstruction and Development (EBRD), in the presence of Prime Minister, Mostafa Madbouli, Minister of Foreign Affairs, Sameh Shoukry, and Minister of International Cooperation, Rania Al-Mashat.

EBRD invests $10B in Egypt in 10 years: Basso at Egypt-ICF2022

Wed, 07 Sep 2022 - 10:44 GMT

"The EBRD helped Egypt green its economy and generate growth and opportunities for its citizens across the country," she added.

Sisi says Egypt highly values distinguished relations with EBRD

Wed, 07 Sep 2022 - 06:28 GMT

President Abdel Fattah El Sisi said Egypt highly values distinguished relations with the European Bank for Reconstruction and Development (EBRD),

EBRD's financing can exceed €1 billion this year in light of COP27: Harmgart

Mon, 22 Aug 2022 - 11:25 GMT

The European Bank for Reconstruction and Development's (EBRD) financing in Egypt may exceed 1 billion euros this year in light of Egypt's hosting of the climate change conference (COP27) in November, said Managing Director for the EBRD’s Southern and Eastern Mediterranean (SEMED) region Heike Harmgart.

Int'l cooperation min., EBRD official probe joint action for COP27

Wed, 03 Aug 2022 - 02:36 GMT

According to Mashat, all efforts are meant to build up toward realizing sustainable development goals.

Parliament approves 2 agreements for Alexandria Metro, rehabilitation of hydroelectric stations

Tue, 24 May 2022 - 05:11 GMT

The House of Representatives approved the decision of the President of the Arab Republic of Egypt No. 122 of 2022 regarding the approval of a loan agreement (Alexandria Metro) between Egypt and the EBRD in the amount of €250 million, signed in Cairo on Dec. 27, 2021, according to a statement.

EBRD consortium acquires non-banking financial services company in Egypt

Wed, 11 May 2022 - 04:54 GMT

GlobalCorp for Financial Services is specialized in non-banking financial services in Egypt.

Egypt’s continual reforms to stimulate, modernize environment for private sector investment: Al-Mashat

Wed, 11 May 2022 - 02:46 GMT

The session was moderated by Heike Harmgart, Regional Director for the Southern and Eastern Mediterranean at the European Bank for Reconstruction and Development.

EBRD’s Chief Economist: Egypt enjoys good location for renewable energy production

Wed, 13 Apr 2022 - 02:06 GMT

She expected hydrocarbon energy purchases from Egypt to rise in the future.

Egypt, EBRD discuss building gender-inclusive, digital and green ecosystems

Fri, 11 Mar 2022 - 12:04 GMT

The Minister highlighted in the meeting that Egypt pursues a win-win approach in all partnerships, as it aims to achieve complementarities and to share Egypt’s experience in development financing to other countries through South-South and triangular cooperation.

Egypt's economy showed resilience over past 2 years - EBRD official

Thu, 10 Mar 2022 - 03:14 GMT

Egypt's economy showed resilience in the face of the pandemic, as it has done better than other countries, he further said.

Egypt, EBRD emphasize gender-responsive climate action on Int'l Women’s Day

Wed, 09 Mar 2022 - 05:09 GMT

The Minister noted that women and girls are recognized as effective change-makers for climate adaptation and mitigation.