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EBRD delivers on UMC’s USD 50 mn loan, mulls two loans to aiBank
The lender is weighing two loans to aiBank worth USD 35 mn for on-lending to agribusiness and green projects
Egypt x COP28: A rundown of climate change commitments, investments, and agreements signed during the conference
Egypt has forged a number of partnerships with companies and organizations from around the world to firm up its commitment…
IFC backs SME on-lending with USD 50 mn shariah-compliant facility to Al Baraka Bank. PLUS: News from Visa, Valu, and Partment.
DEBT- Al Baraka lines up shariah-compliant financing from IFC: The International Finance Corporation (IFC) has agreed to lend USD 50…
CIB secures USD 148 mn in financing from AfDB to support SMEs
The African Development Bank (AfDB) has approved a USD 148 mn financial package for CIB, which will be used to…
We’re in for more support from the AfDB. PLUS: News from EEHC, Techno Frame, Agriculture Ministry
DEVELOPMENT FINANCE- A new support package from the AfDB: The African Development Bank (AfDB) has signed off on a USD…
International Cooperation Ministry reviews NWFE’s progress, one year into the program
Bilateral and multilateral development funds have committed some USD 7.2 bn to the water, energy and food pillars of the…
Gas production slumps to three-year low in September. PLUS: News from Infinity, SODIC, InstaPay, and the IDA
Egypt produced 4.7 bn cubic meters of gas per day in September, down 6% from August
CIB to borrow USD 150 mn from EBRD
The funds will strengthen the bank’s Tier II capital
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