Latest in Tag: EBRD Highlight
Latest in Tag: EBRD

Egypt, EBRD discuss executive position of joint transportation projects
EBRD delegation expressed great interest in cooperating with Egypt in field of green sustainable transport

AfDB, EBRD partner to promote sustainable private sector development in Africa
Agreement to help bridge $2.5trn annual financing gap for development in Africa

EBRD President visits Egypt’s business accelerator, Falak Startups
Egyptian government’s efforts to catalyse digitization, innovation is in line with third pillar of EBRD’s new strategy: Al-Mashat

Egypt’s 6th of October City joins EBRD’s urban sustainability programme ‘Green Cities’
€2.5bn EBRD Green Cities programme to provide finance to invest in sustainable municipal infrastructure to help cities become greener

Egypt, EBRD address extending projects in green economy, infrastructure
EBRD chief Odell Reno-Paso is expected to visit Cairo this month, first visit to one of bank’s operations in region since she took office last November

Egypt, EBRD discuss stimulating private sector engagement in development efforts
Meeting discussed preparations for EBRD President’s first visit to Egypt

EBRD awards €1m to new dry port development in Egypt
Project to improve logistics, increase trade competitiveness in Egypt, says European bank

EBRD shareholders agree to UAE membership
Inclusion of UAE as member will open new opportunities across EBRD regions

Prime Minister asserts importance of Egypt’s Green Recovery projects
EBRD is willing to support Egypt’s Green Recovery strategy, says bank President Odile Renaud-Basso

Egypt top recipient of EBRD’s investments in SEMED region during 2020
Country accounted for more than €1bn of bank’s total €2.13bn development financing provided to SEMED countries, says Minister Al-Mashat

Egypt, EBRD, UNWTO sign COVID-19 Tourism Recovery Assistance Package
Package aims to promote tourism sector’s resilience, sustainability, and inclusive growth

EBRD grants $12m loan for new hotel serving Grand Egyptian Museum, Giza Pyramids
Project to generate over 300 jobs, promote women’s inclusion, funded by SEC

EBRD, TAQA Arabia promote private-to-private renewable energy in Egypt
Loan of up to $10m to TAQA PV for Solar Energy’s projects

EBRD grants Egypt €226m to purchase railway trains: Transportation Minister
During the meeting, the two sides discussed the executive position of a number of joint projects being implemented, and future cooperation between the two in the fields of railways, subways, maritime transport, and land and dry ports.

EBRD, Egypt launch country’s 1st gender awareness campaign
Two sides set up joint efforts to deliver safer transport services

EBRD to approve €20m for Amethis MENA Fund II in February 2021
The project’s total cost stands at €150m, with the EBRD’s participation in the Fund set to enable it to achieve a first closing.

Egypt’s Shoukry, EBRD discuss ways to enhance cooperation
Egypt achieves highest growth rate among 39 of EBRD’s countries of operations

EBRD to invest €950m in Green Cities programme over next 3 years
More than €2bn will be dedicated to supporting EBRD Green Cities

EBRD, partners acquire Egypt’s Adwia Pharmaceuticals
EBRD commits $75m to support the company’s growth in Egypt

EBRD offers €220m to boost green finance programmes in Egypt
The programmes are complemented by EU grants of more than €30m and GCF concessional co-financing, as well as technical assistance of up to $24m.

EBRD grants €2bn to banks in Egypt for on-lending to SMEs during COVID-19
World faces at least three immediate challenges, namely supporting economic recovery, building back better, and combating climate change, says EBRD

EBRD, EU, GCF partner to boost green finance in Egypt
Green financing of €220m will be made available through local financial institutions

Water, Irrigation Minister discusses cooperation with EBRD representatives
Meeting also touched on current negotiations over filling, operation of GERD

EBRD grants Banque du Caire $50m loan to support MSMEs
The loan will assist the Egyptian bank in developing its MSME lending activities, and expand access to finance for underserved MSMEs.

EBRD increases annual funding for 2021-2025 economic recovery plan to €13bn
Bank’s new strategy will focus on accelerating post-COVID-19 recovery, strengthening private sector through increased share in investments

EBRD shareholders elect France’s Odile Renaud-Basso as next president
Egypt became EBRD largest market for investment for the second year in a row, with investments reaching €1.2bn in 23 projects, says Rania Al-Mashat

EBRD to grant $250m sovereign loan to Egypt’s APC
The loan will exclusively finance a package of energy and water efficiency investments to modernise and upgrade the APC’s refinery with processes capable of producing higher value added products.

Egypt’s International Cooperation Minister participates in EBRD annual meeting discussing 2021-2025 Strategy
The virtual event will also announce the election of the EBRD’s new president, after the end of Suma Chakrabarty’s term.

Egypt to see 2020 growth drop to 2%, rebound to 5% in 2021: EBRD
Country is only economy across all EBRD regions likely to escape recession in 2020

EBRD grants $50m to boost LCP Fund II
Fund to focus on small- and medium-sized enterprises in Egypt