Transport sector's development financing portfolio records $6.5B to implement 24 project

Wed, 05 Jan 2022 - 02:58 GMT

Al-Mashat said that developing a sustainable infrastructure for Egypt’s transportation sector is one of the main pillars that the state relies on to promote climate action, and to lead the regional transformation towards a green economy.

AIIB approves $360M in development financing for Egypt to support inclusive growth

Tue, 23 Nov 2021 - 07:27 GMT

The World Bank and the Asian Infrastructure Investment Bank have agreed to provide in total $720 million for the Development Policy Financing (DPF) framework, with $360 million from each institution.

Egypt's central bank directs banks to increase financing for companies, factories

Thu, 18 Nov 2021 - 10:23 GMT

Increasing financing will take place through injecting additional funds to help the companies and factories face the increase in international prices, and to maintain operating and production rates.

Egyptian FM chairs AU Peace and Security Council’s session on countering extremism

Mon, 15 Nov 2021 - 02:25 GMT

Egypt’s Foreign Minister Sameh Shoukry chaired on Monday the African Union’s (AU) Peace and Security Council’s session on countering extremist ideology and terror finance, the Egyptian Foreign Ministry said in a statement.

Egypt, IFC sign agreement to facilitate women access to financing

Thu, 14 Oct 2021 - 09:24 GMT

This comes within the framework of the Ministry of International Cooperation’s endeavors to deepen strategic relations between Egypt and its multilateral and bilateral development partners; advancing the efforts towards achieving Egypt’s Vision 2030 and the UN’s Sustainable Development Goals (SDGs).

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.

EU has been financing projects in Egypt at 500 million euros: MENA

Sat, 09 Oct 2021 - 02:52 GMT

Head of the Cooperation Sector at the European Union Commission in Cairo Minister Plenipotentiary Ibrahim el-Afia asserted the European Union (EU) has been financing projects in Egypt at a total value of 500 million euros during the period between 2017 and 2021 in several sectors as part of their joint partnership.

Egypt can cooperate with African Funding Corporation in 3 sectors: PM

Wed, 28 Jul 2021 - 10:30 GMT

Prime Minister Mostafa Madbouli held Tuesday a meeting in Cairo with CEO of the African Funding Corporation (AFC) Samaila Zubairo and the accompanying delegation.

Egypt receives $1.9B in financing from development partners for private sector in H1 of 2021

Wed, 30 Jun 2021 - 06:56 GMT

The minister added that the International Finance Corporation is Egypt's main partner in financing directed to the private sector, with a value of $1.2 billion in various development sectors, infrastructure, education, health, mining, in addition to financial markets.

IFC invests $421M in Egypt's private sector in 2020 raising overall development financing to $4B

Wed, 05 May 2021 - 01:50 GMT

The IFC, which is focused on developing private sector in Egypt, has invested over $4 billion in Egypt over the past decade, despite the COVID-19 pandemic;

Cabinet approves $50-million soft financing deal by Arab country

Wed, 17 Mar 2021 - 12:34 GMT

The deal inked in January is subject to the endorsement of the president.

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.

Setbacks in African development endeavors are due to unreliable infrastructure: IMF executive director

Tue, 02 Mar 2021 - 06:32 GMT

In Aswan Forum for Sustainable Peace and Development, Mohieldin warned that 50-60 million Africans are at risk of getting pushed into poverty.

Aswan Forum sheds light on pathway out of pandemic to development

Mon, 01 Mar 2021 - 06:46 GMT

A session titled "Recovering Stronger, Rebuilding Better: Pathways for a More Secure, Resilient, and Prosperous Africa" was held.

Egypt’s Intl. Cooperation min., UNDP, Catalyst Partners team up on 'Impact Investing'

Sun, 28 Feb 2021 - 11:22 GMT

As part of this broader scope of work, UNDP and the Egyptian private equity Catalyst Private Equity (CPE) will put in practice an impact measurement towards the SDGs of private sector enterprises and private investments.

Egypt's central bank obliges banks to increase financing directed to SMEs to 25%

Tue, 23 Feb 2021 - 12:35 GMT

It had been decided to provide funding to more than 120,000 companies and establishments, which would create and maintain job opportunities of about one million jobs.

Egypt secures financing for food security, sustainable agriculture for $100M in 2020

Thu, 24 Dec 2020 - 02:21 GMT

This announcement came during the launch of the 2020 Annual Report, entitled, ‘International Partnerships for Sustainable Development’.

Egypt allocates $1.417B of development financing in 2020 for housing, wastewater management

Tue, 22 Dec 2020 - 05:59 GMT

Al-Mashat announced during the launch of the 2020 Annual Report that the report also reveals that within the development portfolio of the Ministry of International Cooperation, there are 43 projects worth $4.99 billion on SDG 6, making up 19.4 percent of total ODA.

2K small enterprises founded in Egypt in September 2020 through 1 funding program

Wed, 04 Nov 2020 - 12:49 GMT

That is through the SME's funding program "Mashrouak" (Arabic for Your Project).

Egypt signs 1st conventional, Islamic financing to state budget worth $2B

Mon, 31 Aug 2020 - 01:12 GMT

This financing comes with the aim of financing the state's general budget and supporting the Egyptian economy.