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Fintech platform Valu secured a EGP 600 mn (c. EUR 10.7 mn) loan from the European Bank for Reconstruction and Development (EBRD) to finance household purchases of energy-efficient and renewable technologies, the lender said in a press release. The facility aims to drive retail adoption of solar power and electric mobility. The EBRD is also attaching a EUR 74.9k technical cooperation package to help Valu build out bespoke green finance products and track eligible retail investments.
REMEMBER- Valu has been steadily expanding its green financing footprint through strategic partnerships — announced last December — with renewable energy infrastructure players, including Infinity and KarmSolar, to finance EV charging infrastructure.
Breaking ground on Afreximbank’s gold refinery
African Export-Import Bank (Afreximbank) is set to break ground on its Egypt-based gold refinery by year-end, investing as much as USD 100 mn in the project, Ayman El Zoghbi, the bank’s director and global head of trade, investment, and corporate finance, told the Arabic press. The facility is expected to launch production within two years, pending the completion of a feasibility study by McKinsey.
The project is part of a broader effort by Afreximbank and the CBE to position Egypt as an international hub for gold refining and trading. The two institutions signed an MoU in December 2025 to commission a feasibility study on the requirements for an integrated gold-banking ecosystem within a designated Egyptian freezone, including an internationally accredited refinery, vaulting infrastructure, and related financial services. The initiative could mark the end of Egypt’s decades-old practice of exporting raw gold only to buy it back as refined bullion, bolstering the country’s monetary sovereignty, credit rating, and borrowing costs.
OTHER STORIES WE’RE WATCHING-
- Kenz — the Arab African Investment Management's multi-issues equity fund — has two new FRA-approved issuances open for subscription. Kenx EGX70 EWI and Kenz EGX35 LV each target EGP 50 mn across 500k policies at EGP 100 apiece.
