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.

Mashat: Partnerships with EBRD resulted in propelling involvement of private sector in development

Mon, 18 Oct 2021 - 02:22 GMT

The meeting also addressed current projects underway as part of the cooperation portfolio between the two sides and Egypt's efforts to carry out the green transformation.

EBRD's current visit to Egypt supports economy, private sector: Pilloux

Mon, 18 Oct 2021 - 01:37 GMT

EBRD’s Vice President of Banking, Alain Pilloux, is visiting Egypt from 17 to 20 October for high-level meetings with government officials to discuss the upcoming country strategy, meet the business community and sign projects.

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.

Egypt’s Min. of International Cooperation chairs final round of negotiations for 2021/2026 country strategy with EBRD

Mon, 11 Oct 2021 - 02:02 GMT

Egypt’s Minister of International Cooperation Dr. Rania A. Al-Mashat, chaired the final round of negotiations for the preparations of the new Country Strategy with the European Bank for Reconstruction and Development (EBRD) 2021/2026.

Spotlight on EBRD's support to Egypt's solar energy sector

Mon, 04 Oct 2021 - 02:23 GMT

Regarding Egypt, The EBRD described Benban solar project as one of its flagship projects, describing it as the largest solar park in Africa and one of the largest in the world.

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).

EBRD expects Egypt's economy to grow 4.2% in 2021

Tue, 29 Jun 2021 - 01:59 GMT

According to EBRD's report, it predicted that growth would decline during the fiscal year 2020/2021 to reach 2.5 percent, with expectations that it would rise during the new fiscal year 2021/2022 to reach 4.5 percent.

Delegation of French firms visits Egypt to explore cooperation

Mon, 07 Jun 2021 - 09:35 GMT

Business France is organizing a series of meetings between French companies and Egyptian counterparts as well as international financial organizations.

In photos: EBRD president tours National Museum for Egyptian Civilization, hall of royal mummies

Sat, 24 Apr 2021 - 12:58 GMT

As many as 22 royal mummies were transferred to the museum this month in a glitzy three-mile parade that has captured international attention.

EBRD president: Economic reforms behind Egypt’s success to achieve positive growth rate amid pandemic

Fri, 23 Apr 2021 - 12:29 GMT

Renaud-Basso also hailed the importance Egypt has attached to green economy and renewable energy, an Egyptian Cabinet statement read on Thursday

EBRD chief hails Egypt’s success in implementing economic reform program

Wed, 21 Apr 2021 - 06:02 GMT

Renaud-Basso said the Egyptian economic reform program has contributed to the recovery of the economy, raising growth rates and maximizing direct foreign investments.

Int'l Cooperation Min. welcomes EBRD's President to Egypt, looks forward expanding cooperation

Wed, 21 Apr 2021 - 03:27 GMT

In a quote tweet to the EBRD’s President, Al-Mashat said that she is looking forward to a rich, diverse and busy trip, and the many opportunities ahead to expand our portfolio, fostering green and inclusive recovery with more private sector engagement.

Green economy, private sector major themes of EBRD's President visit to Egypt

Wed, 21 Apr 2021 - 03:06 GMT

Basso tweeted that One of her first actual, as opposed to virtual, visits to an EBRD country as President is to Egypt

Infograph: ongoing cooperation portfolio bet. Egypt, EBRD amounts to €4.4B financing 106 projects

Wed, 21 Apr 2021 - 02:27 GMT

In the private sector, €2.5 billion is dedicated to 93 projects making up for 58 percent of the portfolio. In the public sector, €1.9 billion is dedicated to 14 projects making up for 42 percent of the portfolio.

Egypt works with EBRD to catalyze its transition towards green economy

Wed, 21 Apr 2021 - 02:11 GMT

Al-Mashat, stated that the new 2021-2025 strategy adopted by the EBRD is in line with the Government of Egypt’s priorities and the national development agenda.

President of EBRD visits Cairo on 1st Visit to region since her election last October

Tue, 20 Apr 2021 - 02:38 GMT

“The upcoming visit reflects the close relations Egypt has with the European Bank for Reconstruction and Development and opens new horizons of cooperation," Egypt's Minister Al-Mashat commented.

Egypt, EBRD discuss cooperation, ways to enhance private sector participation in development

Thu, 18 Mar 2021 - 01:24 GMT

They also discussed in a meeting the preparations for the first visit of the EBRD’s President to Egypt, Odile Renaud-Basso.

EBRD offers Banque du Caire $100M to support trade and MSMES

Thu, 18 Mar 2021 - 11:48 GMT

EBRD clarified in a statement that the financing package is for trade financing and on-lending to local micro-, small and medium-sized companies (MSMEs).