Loan

EBRD provides Egypt's Reefy with LE80M loan to support women entrepreneurs

Wed, 20 Oct 2021 - 02:55 GMT

EBRD noted that the loan will be provided under the EBRD’s Women in Business program. It will be used to support privately owned micro, small and medium-sized enterprises (MSMEs) that are owned by women, especially in governorates other than Greater Cairo and Alexandria.

EBRD provides NBKE with $25B to promote energy efficiency, renewable energy in Egypt

Thu, 09 Sep 2021 - 04:20 GMT

According to EBRD, 15 percent of the total loan amount is being co-financed by the Green Climate Fund (GCF).

EBRD provides QNB ALAHLI $50M loan to boost green investment in Egypt

Mon, 16 Aug 2021 - 02:49 GMT

EBRD clarified that the loan, which includes $ 7.5 million of concessional finance from the Green Climate Fund, will be used for on-lending to households and local small and medium-sized enterprises (SMEs).

Egyptian government offers 100K residential units to be purchased through Central Bank's initiative

Sun, 15 Aug 2021 - 02:15 GMT

Application began on August 15 and will last until September 9.

Sisi approves loan with Kuwait to establish 2 desalination plants in Egypt’s North Sinai

Sun, 25 Jul 2021 - 01:45 GMT

The loan, which was signed on November 23, 2020, totals 5.5 million Kuwaiti dinars (about US$ 18,27 million).

Egypt expected to receive in June last tranche of IMF $5.2 billion loan: Minister

Fri, 28 May 2021 - 07:44 GMT

Egypt will receive the last tranche of its $5.2 billion loan from the International Monetary Fund (IMF) before the end of June, Minister of Finance Mohamed Maait suggested in remarks to Egypt Today.

Egypt to receive $1.6B from IMF during 2nd half of June

Thu, 27 May 2021 - 03:05 GMT

Abul-Naga clarified this step is a tribute to the economic reform measures undertaken by the Egyptian state since 2016.

Sisi approves €1.88-loan facility agreement for "Monorail"

Thu, 15 Apr 2021 - 02:10 GMT

The decision stipulated the allocation of the loan to finance the operation of the Monorail train in the New Administrative Capital, which starts from Nasr City to the New Administrative Capital, and the Monorail train in 6th of October City, which starts from 6th of October City in Cairo, and operates and maintains them for a period of 15 years.

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.

Microfinance in Egypt grows by 7% in 3rd quarter of 2020

Thu, 31 Dec 2020 - 08:37 GMT

The number of beneficiaries also rose slightly by 0.5 percent.

Minister highlights fact on French loans to Egypt in 2019-23

Thu, 10 Dec 2020 - 10:22 GMT

Egypt is receiving €1 billion during that period.

IMF plans to disburse $1.6 billion to Egypt as part of $5.2 billion loan, hails its economy performance

Thu, 19 Nov 2020 - 09:32 GMT

The IMF staff team and the Egyptian authorities have reached a staff-level agreement on the first review of Egypt’s economic program supported by the IMF’s $5.2 billion Stand-by Arrangement

EBRD offers Egypt, 4 countries $200M loan to strengthen agribusinesses, help local farmers

Wed, 19 Aug 2020 - 03:46 GMT

The loan will also strengthen farmers’ agribusinesses and improve their financial wellbeing through financing purchases of various agricultural commodities such as hazelnuts, dry dairy products, grain and onions in selected countries of operation.

EBRD provides Banque Misr with $100M loan

Tue, 11 Aug 2020 - 03:43 GMT

The proceeds of the proposed loan will be on-lent to local private small and medium-sized enterprises and to corporates, supporting them in bridging liquidity needs.

Egypt signs $639M with Arab Monetary Fund

Wed, 29 Jul 2020 - 04:05 GMT

The loan agreement was signed by Minister of International Cooperation, Rania Al-Mashat, and Chairman of the Fund Abdul Rahman bin Abdullah Al-Hamidi.

Egypt to receive first tranche of IMF $5.2B loan during next few days

Mon, 29 Jun 2020 - 03:21 GMT

Abu El Naga clarified that the first tranche worth $2 billion.

EBRD finances NBE with $200M to confront coronavirus ramifications

Mon, 22 Jun 2020 - 04:58 GMT

EBRD will provide a $100 million loan to help NBE provide short-term loans to private small and medium-sized enterprises and firms facing liquidity strains.

AfDB approves €225 million loan to finance Egypt’s Electricity, Green Growth Support Program

Wed, 17 Jun 2020 - 05:37 GMT

The project would help meet the Government’s financing requirements, expand social expenditures to mitigate the socio-economic impact of the pandemic.

Egypt seeks loan of over $1B, taps UAE banks - sources

Tue, 16 Jun 2020 - 02:14 GMT

The coronavirus crisis has battered Egypt’s finances by shutting down tourism, denting remittances from Egyptians working abroad and triggering capital flight.

Egypt’s parliament approves $50M-agreement loan from EBRD

Tue, 16 Jun 2020 - 02:11 GMT

The financing comes for the completion of the project of improving the performance of the oil and gas sector in Egypt.

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