EIB

Egypt, EIB discuss National Climate Change Strategy 2050, COP 27 agenda

Thu, 19 May 2022 - 12:20 GMT

In a meeting with Vice-President of the European Investment Bank (EIB) Ambroise Fayolle, Fouad discussed the national strategy for climate change, which included a number of projects such as a 10-billion-dollar project that aims at producing 10 gigawatts of renewable energy through transferring thermal power plants to renewable energy-operated ones.

EIB provides Egyptian public, private sectors with €3.35B during 2 years

Mon, 16 May 2022 - 06:04 GMT

The financing included development cooperation agreements with the government worth €1.5 billion in several vital sectors, namely transport, water and water treatment, and €1.85 to the private sector.

Trade min. hails cooperation with EU, EIB in development projects

Thu, 12 May 2022 - 03:42 GMT

The delegation was led by EU Ambassador in Cairo Christian Berger, EIB Regional Representative in Egypt Alfredo Abad and a number of MSMEDA representatives.

Egypt aspires to deepen cooperation with EIB in fields of health, education

Sun, 03 Apr 2022 - 12:13 GMT

Maait also referred to enhancing the participation of the private sector in economic activity; as it is the locomotive of job-rich growth

EIB portfolio in Egypt hit $7B in past 7 years, says official

Wed, 30 Mar 2022 - 02:17 GMT

In an interview with MENA, Palanza said the EIB has accelerated the pace of operations it carries out in Egypt in the past four years.

Shaker: EIB financial support to power projects reflects trust in Egypt's electricity sector

Mon, 28 Mar 2022 - 06:21 GMT

The minister said he discussed with Palanza means to boost joint cooperation in light of the electricity ministry's keenness on benefitting from its expertise in the fields of energy, gas emission reduction and green hydrogen production as well as power linkage projects especially the one with Cyprus and Greece.

LE 54M allocated to casual workers in Alexandria as part of EIB-MSMEDA agreement

Fri, 01 Oct 2021 - 08:45 GMT

A total of L.E. 54 million was allocated to casual workers in Alexandria to implement a number of developmental projects, in accordance with an agreement signed between the Micro, Small and Medium Enterprise Development Agency (MSMEDA) and the European Investment Bank (EIB).

Regional Representative of EIB describes Egypt’ experience in matching finance with sustainable development goals by “unique”

Thu, 09 Sep 2021 - 11:17 GMT

This came during his participation in the first workshop, within the activities of the second day of the Egypt International Cooperation Forum, Egypt-ICF, which discussed “Egypt’s experience in matching development finances with the sustainable development goals”.

EU-Africa Green Talk tackles water sustainability, clean oceans

Mon, 05 Apr 2021 - 01:03 GMT

The webinar tackled the effects of climate change on water resources and the green transition.

EIB provided €1.7B funding to support Egyptian SMEs

Thu, 19 Nov 2020 - 01:52 GMT

MIIC signed an agreement worth €120 million regarding the project "Development and Modernization of the Western Sewage Treatment Plant in Alexandria", for the benefit of the Ministry of Housing, Utilities and Urban Communities and the Executive Authority for Drinking Water and Sanitation.

Int'l Cooperation Minister: EIB Approves €750 mn COVID-19 liquidity support to Banque Misr

Tue, 06 Oct 2020 - 12:31 GMT

The bilateral strategic partnership between Egypt and the European Investment Bank dates back to 1979 with a portfolio amounting to nearly 10.6 billion euros to finance public and private collaborations and support social and economic development.

Sisi’s approves EIB loan agreement to upgrade sanitation station in Alexandria

Thu, 10 Sep 2020 - 12:08 GMT

The loan is allocated to upgrading a sanitation station in Alexandria.

Egypt discusses with EIB activating €1.1B funding

Sun, 09 Aug 2020 - 12:20 GMT

“The objective of financing the urban transport sector with €1.1 billion is to enhance the transition from private cars to a more efficient means of transportation” the Minister noted.

EIB supports Egypt's transport sector, NBE by €1.9B

Sun, 19 Jul 2020 - 11:42 GMT

Al-Mashat clarified that €1.1 billion is to finance three projects in the transportation sector with the National Authority for Tunnels.

EIB approves €1.9B for supporting public transport, private sector in Egypt

Thu, 16 Jul 2020 - 12:57 GMT

This includes more than €10 billion of COVID-19-related investment to improve public health, strengthen public services and back investment by companies in sectors hit by the pandemic.

EU, EIB, MSMEDA launch 2nd phase of Community Development Program in Egypt

Mon, 08 Jun 2020 - 02:25 GMT

MSMEDA signed Framework agreements with five Egyptian governorates to support the provision and enhancement of community facilities, including drinking water networks, sewage networks, paving side roads with interlocking paving, schools, health clinics, a

EIB ready to increase credit lines in Egypt, EBRD expands its solidarity package

Tue, 28 Apr 2020 - 01:11 GMT

International Finance Corporation (IFC) officials in Egypt confirmed their support for the government's vision on consulting with its private sector partners, and supporting private companies during the current crisis.

EIB finances expansion of Alexandria West WWTP

Mon, 10 Feb 2020 - 04:29 GMT

The financing will contribute to improving sanitation services for people in Alexandria, the bank said in a statement obtained by MENA on Monday.

Banque Misr signs €500M credit facility deal for financing SMEs

Mon, 25 Nov 2019 - 12:24 GMT

The deal comes as part of Banque Misr’s move to diversify its funding channels to be used in financing SMEs, the bank said in a statement.

Agreements worth LE10B signed in Africa 2019

Sat, 23 Nov 2019 - 02:22 GMT

Eleven financial and technical agreements were signed on Saturday.

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