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.

EBRD to extend €250M loan to finance 1st high-capacity metro line in Alexandria

Mon, 07 Mar 2022 - 04:35 GMT

The EBRD elaborated in a statement that the upgrade of the infrastructure and electrification of an existing rail line will make it the first high-capacity metro line in Alexandria.

EBRD, Egypt sign MoU for low-carbon hydrogen strategy

Mon, 07 Mar 2022 - 04:15 GMT

The EBRD clarified in a statement that it is helping Egypt to achieve its renewable energy potential and to transition to a greener economy through this strategy.

EBRD supports establishment of Sector Skills Council to benefit tourism, hospitality in Egypt

Mon, 07 Mar 2022 - 03:37 GMT

EBRD elaborated that this new public-private partnership and policy dialogue platform will develop skills-gap analysis, skills development strategies, qualification frameworks and occupational skills standard.

EBRD supports digital transformation of Suez Canal Economic Zone

Mon, 07 Mar 2022 - 02:01 GMT

SCZONE elaborated that this phase is based on the establishment of an integrated digital and interactive service, enabling it to fully manage the services provided, and integrate new services into a digital platform in accordance with the framework organizational body.

Egypt launches new country strategy with EBRD for 2022/2027

Sun, 06 Mar 2022 - 02:37 GMT

𝘛𝘩𝘦 𝘯𝘦𝘸 𝘤𝘰𝘶𝘯𝘵𝘳𝘺 𝘴𝘵𝘳𝘢𝘵𝘦𝘨𝘺 𝘤𝘰𝘮𝘦𝘴 𝘢𝘵 𝘢 𝘱𝘪𝘷𝘰𝘵𝘢𝘭 𝘵𝘪𝘮𝘦 𝘵𝘩𝘢𝘵 𝘦𝘤𝘩𝘰𝘦𝘴 𝘨𝘭𝘰𝘣𝘢𝘭 𝘴𝘦𝘯𝘵𝘪𝘮𝘦𝘯𝘵 𝘵𝘰 𝘥𝘳𝘪𝘷𝘦 𝘵𝘩𝘦 𝘨𝘳𝘦𝘦𝘯 𝘧𝘪𝘯𝘢𝘯𝘤𝘦 𝘢𝘨𝘦𝘯𝘥𝘢 𝘧𝘰𝘳𝘸𝘢𝘳𝘥 𝘢𝘯𝘥 𝘢𝘥𝘥𝘳𝘦𝘴𝘴 𝘤𝘭𝘪𝘮𝘢𝘵𝘦 𝘤𝘩𝘢𝘯𝘨𝘦, 𝘦𝘲𝘶𝘪𝘵𝘺, 𝘢𝘯𝘥 𝘨𝘰𝘷𝘦𝘳𝘯𝘢𝘯𝘤𝘦, according to Minister Rania Al-Mashat.