Latest in Tag: EBRD Highlight
Latest in Tag: EBRD
EBRD provides $50m to NBK Egypt to support local MSMEs
The package comprises a loan of $40m that NBK Egypt will on-lend to local private MSMEs and a $10m loan under the EBRD Youth in Business programme, co-financed with EU funds under the Egypt Micro and Small Financial Inclusion programme, to be on-lent by NBK Egypt to local private MSMEs that are led or majority owned by entrepreneurs under the age of 35.
EIB, EBRD, UfM, EU Commission to set up a Blue Mediterranean Partnership
Egypt understands the critical importance of a sustainable blue economy for the future development of the country: Environment Minister
EBRD provides €1bn to Egypt’s green projects annually
Boyd-Capenter told Daily News Egypt during the 27th UN Conference of the Parties on climate Change (COP27) in Sharm El-Sheikh on Tuesday, that the finance goes to a project with more than 55% of its components are green.
EBRD releases $5.5m tranche of loan to TAQA Arabia’s renewable energy subsidiary
The new funding comprises a $4.95m 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 Minya. The project will sell all of its electrical output to ASCOM Carbonate and Chemical Manufacturing (ACCM) under a 25-year power purchase agreement.
EBRD, EU, and EIB provide innovative financing to depollute Kitchener drain in Egypt
This integrated initiative offers a new approach to depollution in the country by tackling several sources of pollution at once to achieve maximum impact. It is also the first programme of its kind to be implemented in Egypt and could be replicated in other areas and countries.
EBRD supports Egypt’s green economy with $100m loan to Banque Misr for on-lending to local SMEs
The loan follows the success of the Green Economy Financing Facility (GEFF) in Egypt and will support an expansion of green lending in the country to under-served regions for investments in climate change mitigation and adaptation technologies and services.
EBRD offers $25m in finance to SMEs in Egypt through EBank
EBank staff will also receive training and capacity-building opportunities to better serve financial needs of women-led SMEs
Egypt’s growth to pick up to 5.7% this year, stabilise at 5% in FY 2022/23: EBRD
EBRD forecasts economic slowdown for 2022 in the southern and eastern Mediterranean
EBRD to lend up to $4.8m to Intro Sustainable Resources and Intro Solar S.A.E
The loan will finance Intro-SR’s equity stake in a portfolio of energy efficiency, waste to energy, waste management, and solar photovoltaic (PV) projects.
Amethis, EBRD, SPE Capital acquire Egypt’s GlobalCorp
Established in 2015, GlobalCorp is a leading Egyptian non-banking lender with a current focus on leasing and factoring solutions for corporates and small, medium, and large enterprises.
Egypt, EBRD emphasise gender-responsive climate action on Women’s Day
‘Women are agents of change in driving climate agenda forward,’ says Minister Al-Mashat
Egypt, EBRD to establish sector skills council for tourism
This came during a press conference launching the joint country strategy between Egypt and the EBRD for 2022-2027
Cairo cooperates with EBRD to develop green hydrogen, tourism projects
They also sign agreement to establish Alexandria Metro for €250m
Egypt launches new cooperation strategy with EBRD
In his speech, Shoukry noted that the approval of the strategy is the culmination of the great efforts exerted over the past months, praising the efforts of Minister of International Cooperation Rania Al-Mashat for leading a comprehensive consultative process in which the foreign ministry contributed at the national level and through our embassies abroad.
Egypt, EBRD discuss reducing carbon emissions, energy transition
More specifically, the sides tackles reducing emissions and clean energy as well as global oil and natural gas prices, which are witnessing a significant increase affected by the current political crises, in addition to reviewing the ongoing preparations for Egypt’s hosting of the UN’s Conference of Parties on Climate Change (COP 27) this November in Sharm El-Sheikh.
EBRD discusses cooperation with Egypt on COP 27, bank’s post-COVID country strategy
EBRD is committed to helping Egypt overcome economic impact of pandemic: Bowman
International Cooperation Ministry announces results of the joint country strategy with the EBRD for 2017-2022
The EBRD provided €4.9bn in development finance to the public and private sectors between 2017 and 2022
EBRD approves new country strategy for Egypt
The EBRD began operating in Egypt 10 years ago and has since invested more than €8.7bn in 145 projects, 76% of which were in the private sector.
USAID, EBRD sign MoU to support sustainable cultural tourism in Historic Cairo, Luxor
Through this MoU, EBRD and FHI360 will work together to improve the environment for private investment in cultural heritage tourism with a special focus on the partnership between the public and private sectors.
EBRD approves €250m finance for Alexandria Metro project
EBRD has invested more than €7.7bn, since its inception in Egypt in 2012
Egypt’s growth to pick up to 4.9% in FY 2021/22: EBRD
Egyptian economy is moving towards recovery, EBRD’s report confirms reforms success in maintaining sustainable growth, says Al-Mashat
EBRD Vice President Pilloux to visit Egypt from 17 to 20 October
Visit demonstrates EBRD’s continued support for Egyptian economy
EBRD boosts youth participation in Egyptian economy
EBRD, Hyundai Rotem to provide training to 80 young Egyptians
Egypt negotiates 2021/2026 strategy with EBRD
Egypt assumes strategic position in its partnership with EBRD, with €7.4bn investments: Heike Harmgart
EBRD approves €250m loan for Egypt’s Abu Qir metro project
Loan is part of investment package estimated at €1.6bn
EBRD approves $29.6m senior loan for Egypt’s 6th of October Dry Port
The European Bank for Reconstruction and Development (EBRD) has approved a senior loan of up to $29.6m (€25m) in favour of the October Dry Port Company (ODP), a joint stock company established in Egypt. The proposed loan is part of a total investment package of $60m to finance the design, development, construction, operation and maintenance …
Egypt, EBRD maintain close partnership developing green projects: International Cooperation Minister
Egypt has very close partnerships with the European Bank for Reconstruction and Development (EBRD) on developing green cities initiatives and endorsing plans towards green recoveries, according to Rania Al-Mashat, Minister of International Cooperation. She added that the Egyptian Government is making positive strides towards a green recovery, as its mission has not only been to …
Egypt’s growth forecast to rebound to 4.2% in 2021, 5.2% in 2022: EBRD
Growth was led by improvements in wholesale and retail trade, agriculture, telecommunications, and construction, says bank
Egypt, EBRD discuss joint cooperation as part of state priorities, bank’s 2021-2025 strategy
EBRD’s strategy is based on supporting transition to green economy; promoting equal opportunity for women and young people; and accelerating digital transition
Egyptian market shows price resilience amid COVID-19: EBRD
Bank is projected to invest more than €1bn in Egypt this year, says Heike Harmgart