World Bank approves $500M in development financing for Egypt to support food security efforts

Wed, 29 Jun 2022 - 01:55 GMT

The Emergency Food Security and Resilience Support Project will help cushion the impact of the war in Ukraine on food and nutrition security in Egypt.

LE40B disbursed to 1.6M MSMEs in Egypt since 2014

Sun, 26 Jun 2022 - 03:33 GMT

Gamea noted that those entities created 2.5 million jobs.

Egypt diversifies financing sources to meet development needs: Finance min.

Tue, 17 May 2022 - 04:45 GMT

Maait said it is difficult to obtain the suitable financing given the current circumstances, if compared to the pre-pandemic period when the global economy was in a good condition.

Egypt, representing 108 countries, proposes solutions on funding peace-building at UN Security Council

Thu, 28 Apr 2022 - 02:37 GMT

Those are African and European countries as well as some Asian, North American, South American and Caribbean countries.

Norway's Scatec ASA to issue green bonds worth $334.5M to refund projects at Egypt's Benban Solar Park

Thu, 28 Apr 2022 - 10:15 GMT

The duration of those bonds is 19 years.

In outstanding revamp, Egypt's 1st metro line trains to be all new, air conditioned

Sun, 24 Apr 2022 - 12:37 GMT

The Egyptian government has taken concrete steps to revamp Greater Cairo's first metro line.

Small projects financing in Egypt up to LE15M

Wed, 02 Feb 2022 - 11:55 GMT

Emad pointed out that in accordance with the new project development law, the agency will start financing medium-sized projects, up to a maximum of LE 30 million pounds, so that the agency will provide various aspects of financing that help its clients to grow, expand and continue.

Transport sector's development financing portfolio records $6.5B to implement 24 project

Wed, 05 Jan 2022 - 02:58 GMT

Al-Mashat said that developing a sustainable infrastructure for Egypt’s transportation sector is one of the main pillars that the state relies on to promote climate action, and to lead the regional transformation towards a green economy.

AIIB approves $360M in development financing for Egypt to support inclusive growth

Tue, 23 Nov 2021 - 07:27 GMT

The World Bank and the Asian Infrastructure Investment Bank have agreed to provide in total $720 million for the Development Policy Financing (DPF) framework, with $360 million from each institution.

Egypt's central bank directs banks to increase financing for companies, factories

Thu, 18 Nov 2021 - 10:23 GMT

Increasing financing will take place through injecting additional funds to help the companies and factories face the increase in international prices, and to maintain operating and production rates.

Egyptian FM chairs AU Peace and Security Council’s session on countering extremism

Mon, 15 Nov 2021 - 02:25 GMT

Egypt’s Foreign Minister Sameh Shoukry chaired on Monday the African Union’s (AU) Peace and Security Council’s session on countering extremist ideology and terror finance, the Egyptian Foreign Ministry said in a statement.

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).

EBRD's fund in Egypt worth €7.7B

Mon, 11 Oct 2021 - 03:40 GMT

The EBRD has provided financing for the implementation of 143 projects, more than 75% of which are for the private sector, according to Rania Al-Mashat, Minister of International Cooperation.

EU has been financing projects in Egypt at 500 million euros: MENA

Sat, 09 Oct 2021 - 02:52 GMT

Head of the Cooperation Sector at the European Union Commission in Cairo Minister Plenipotentiary Ibrahim el-Afia asserted the European Union (EU) has been financing projects in Egypt at a total value of 500 million euros during the period between 2017 and 2021 in several sectors as part of their joint partnership.

Egypt can cooperate with African Funding Corporation in 3 sectors: PM

Wed, 28 Jul 2021 - 10:30 GMT

Prime Minister Mostafa Madbouli held Tuesday a meeting in Cairo with CEO of the African Funding Corporation (AFC) Samaila Zubairo and the accompanying delegation.

Egypt receives $1.9B in financing from development partners for private sector in H1 of 2021

Wed, 30 Jun 2021 - 06:56 GMT

The minister added that the International Finance Corporation is Egypt's main partner in financing directed to the private sector, with a value of $1.2 billion in various development sectors, infrastructure, education, health, mining, in addition to financial markets.

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;

Cabinet approves $50-million soft financing deal by Arab country

Wed, 17 Mar 2021 - 12:34 GMT

The deal inked in January is subject to the endorsement of the president.

Egyptian pres. instructs CBE to launch real estate financing program offering 30-year loans with 3%-interest max

Mon, 15 Mar 2021 - 10:35 GMT

The program is targeted at low and middle income citizens.

Setbacks in African development endeavors are due to unreliable infrastructure: IMF executive director

Tue, 02 Mar 2021 - 06:32 GMT

In Aswan Forum for Sustainable Peace and Development, Mohieldin warned that 50-60 million Africans are at risk of getting pushed into poverty.