The European Bank for Reconstruction and Development

EBRD grants a $20M loan to edible oil manufacturer Afia

Sun, 17 Sep 2023 - 02:30 GMT

EBRD will help Afia diversify and strengthen its local value chain by adding new local suppliers and improving quality and operating standards.

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.

EBRD, partners acquire Egypt’s Adwia Pharmaceuticals

Mon, 16 Nov 2020 - 04:34 GMT

The acquisition is to improve the availability and affordability of medicines, using an investment platform with an initial capital commitment of $250 million.

EBRD invests up to $50M in Egypt-focused private equity fund

Thu, 01 Oct 2020 - 12:35 GMT

EBRD clarified that this fund is to boost the resilience of the financial sector in Egypt and support equity financing to small and medium-sized businesses.

EBRD's approval to participate in NUCA's bond issuance reflects confidence in Egyptian economy

Wed, 22 Jul 2020 - 01:06 GMT

The contribution of the EBRD comes within the framework of the Ministry of International Cooperation’s endeavor to provide the necessary funds for development projects and diversification of funding sources,

EBRD becomes shareholder in Egypt’s Infinity Energy

Thu, 16 Jan 2020 - 12:16 GMT

The funds will go towards developing the company’s pipeline of renewable energy and electricity distribution projects as well as electric vehicles charging stations, EBRD posted on its website.

Egypt’s growth rate continues upturn for 5th quarter in row: EBRD

Tue, 13 Nov 2018 - 12:17 GMT

The bank expected GDP to grow at 5.5 percent in fiscal year 2018/19 and by 5.8 percent in fiscal year 2019/20.

EBRD expects Egypt’s growth rate to reach 5.5% in 2019

Wed, 09 May 2018 - 11:31 GMT

This came at the Bank’s new Regional Economic Prospects report that includes the predictions of the economic trends in 37 economies across three continents.

Exclusive Interview: EBRD to invest at least €1B in Egypt in 2018

Thu, 01 Mar 2018 - 11:36 GMT

EBRD has already signed beginning this year projects for approximately Eur 85 million.

EBRD eyeing 25% shares of Egypt's upcoming public banks' IPOs

Thu, 01 Mar 2018 - 10:19 GMT

Heckman affirmed that this step will encourage foreign investors' confidence in the Egyptian economy.