Latest in Tag: EBRD Highlight
Latest in Tag: EBRD
High-level forum by EBRD, FAO, World Bank discusses Egypt’s food sector
Egyptian government keen on creating appropriate investment environment to attract more local, foreign investment from public, private sectors: El-Banna
EBRD, QNB ALAHLI join forces to support women entrepreneurs in Egypt
In line with EBRD’s support for the development of micro, small, and medium enterprises in Egypt, and the leading role of QNB ALAHLI in Egypt regarding that field, EBRD offered a senior loan of $20m to QNB ALAHLI SAE for on-lending to local small businesses. The loan is the first under EBRD’s new “Egypt Women …
EBRD boosts trade in partnership with Emirates NBD Egypt
$40m finance line to facilitate trade
EGBANK Signs a US$ 20 Million Trade Finance Agreement with EBRD
In light of EG Bank’s efforts that focus on supporting exporters and importers, EG Bank signed a $20mn trade facility agreement with EBRD under its Trade Facilitation Programme (TFP) in a ceremony attended by EG Bank CEO Nidal Assar and EBRD President Suma Chakrabarti. The trade finance line will allow EG Bank to issue guarantees …
EBRD provides $100m loan to Commercial International Bank of Egypt
EBRD is providing a subordinated loan of up to $100m to Commercial International Bank (CIB) to strengthen CIB’s capital base and support the growth of the bank’s lending in Egypt. The subordinated loan qualifies as Tier II capital under the recently modified regulations of the Central Bank of Egypt. It is the second time under …
EBRD enhances financing to Egyptian small businesses via $75m loan to Banque Misr
EBRD is providing a $75m loan to Banque Misr to support the growth and development of small and medium sized enterprises (SMEs) in Egypt. SMEs account for over 90 percent of enterprises in Egypt and contribute to the majority of total employment in the country. However, access to finance for SMEs remains limited, and improving …
EBRD boosts small firms through lending $30m to Arab African International Bank
EBRD is further supporting the development of small and medium-sized enterprises (SMEs) in Egypt with a $30m loan to the Arab African International Bank (AAIB). EBRD’s SME credit line will help AAIB to further expand its SME lending and will contribute to increased access to finance for small businesses in Egypt. Although SMEs account for over 90 percent of all …
EBRD, ALEXBANK support energy efficiency in Egypt
EBRD and the European Investment Bank (EIB) are planning to support energy-efficient and renewable energy investment in Egypt through a financing package to ALEXBANK in the amount of up to $30m under the Green Economy Financing Facility (GEFF) for Egypt. EBRD is providing a financing facility of up to $15m to ALEXBANK for on-lending to …
EBRD supports international trade through $10m loan to Al Ahli Bank of Kuwait-Egypt
The European Bank for Reconstruction and Development (EBRD) is supporting the expansion of international trade with a $10m trade facility to Al Ahli Bank of Kuwait-Egypt (ABK-Egypt) under the EBRD’s Trade Facilitation Programme (TFP). ABK-Egypt is now one of 11 issuing banks under the TFP in Egypt. Through the facility, EBRD provides guarantees in favour …
EBRD provides 7 Egyptian banks $225m
Funding is reallocated for SMEs, women, green projects, and foreign trade
EBRD predicts 4.5% growth in Egypt in FY 2017/2018
The growth is supported by economic reform, export rebound, and tourism sector recovery
EBRD investments in 2017 worth €665m
EBRD is currently working with 9 banks in Egypt with a total exposure of approximately €700m to finance SMEs
EBRD grants Egypt $ 352.3 m for renewable energy projects
renewable energy projects total cost is estimated at US $ 1b
Military Production Ministry receives $2bn in offers from China, Korea, EBRD to produce solar panels
German alliance prepares a feasibility study of the project within 3 months
United Bank signs MoU with EBRD to support SMEs
The rehabilitation of local SMEs for global competition is the real hope to maximise domestic output, says Kashmiri
€186m loan from EBRD, EU for developing infrastructure in Fayoum
The funding will support the construction of 8 new wastewater treatment plants
Nasr meets World Bank, EBRD, GE representatives during Washington visit
Inequality in the Middle East and North Africa has a negative effect on sustainable development efforts, says Nasr
EBRD is studying financing five feed-in tariff projects in its 2nd phase
Janet Heckman, managing director for the Southern and Eastern Mediterranean (SEMED) region at the European Bank for Reconstruction and Development (EBRD), said that the bank is currently studying to finance five projects in the second phase of the feed-in tariff projects starting from the second half of this year. Heckman told Daily News Egypt that …
European institutions launch green investments programme in Egypt
The institutions taking part in launching the GEFF programme have announced their support to green investments in Egypt at a time of rising energy prices
EBRD lends NBD–Egypt $125m to support its capital base and stimulate growth
Emirates NBD-Egypt and the European Bank for Reconstruction and Development (EBRD) signed an agreement for a $125m subordinated loan to augment Emirates NBD Egypt’s capital base and support its growth strategy aimed at becoming a leading private sector bank in Egypt. The subordinated loan qualifies as a tier 2 capital as per the recently modified …
Ministry of Electricity sends power purchase agreement to international financers
IFC, EBRD to conclude review of contracts in 10 days, say sources
Renewable energy companies begin feed-in tariff 2nd phase negotiations
5 banking institutions, including IFC, EBRD, and EFD agree to finance projects
EBRD allocates €500m to support renewable energy in Egypt
Delegation of EBRD board of directors to visit Egypt this week to meet Ismail and discuss ways of cooperation, say sources
Egypt’s relations with IFC, EBRD are strategic, allegations about halting projects are untrue: International Cooperation Minister
The IFC has invested $1.3bn in the Middle East and North Africa to fight poverty and promote prosperity
Ministers of international cooperation and housing look into financing Abo Rawash project for wastewater processing with chairperson of EBRD
The project serves 4.7 million and provides 1,950 jobs in the framework of the new strategic partnership with the bank, says minister
International conference on private sector to kick off in July
The conference will go by the name ‘What’s Holding Back the Private Sector in MENA? Lessons from the Enterprise Survey’
EBRD announce new cooperation strategy with Egypt
EBRD currently has €1.7bn in investments contributing to 34 different projects in Egypt, says Chakrabarti
Egypt loses 20% of wheat supplies due to inadequate infrastructure
Bread industry is hampered by complex tender procedures and inspection requirements, says EBRD Director for Agribusiness
EBRD provides $100m to Savola’s United Sugar Company of Egypt
EBRD recently signed several loans and agreements with the Egyptian government, companies and banks
SVI addresses IFC, EBRD, NBE to contribute to venture capital fund
The Ministry of Communications expressed its support for the company’s initiative to launch a fund to invest in start-ups in Egypt, according to Amin