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Banque Misr lands USD 234 mn from IFC for MSME support
Half of the funds will be directed to female-led MSMEs
EBRD could greenlight funds for electricity grid modernization
The total project would require EUR 200 mn, with the remaining EUR 35 mn coming from EU grants
Gov’t wants to start drawing on the EBRD’s financial contribution to the NWFE energy project. PLUS: News from Pachin, Vezeeta, Contact Financial, Roboost, and McDonald’s.
The EBRD has pledged USD 200-300 mn to the energy pillar of NWFE, which aims to replace aging gas-fired power…
Development finance: What’s next?
DFIs remain an important source of FX, technical assistance and partnership coordination for Egyptian businesses and MSMEs
Orascom’s Giza plateau revamp to go live in 1Q 2024. PLUS: News from Vezeeta, TCI Sanmar and the House.
The company has completed 95% of the EGP 1 bn project
What’s up in the real estate market?
Real estate developers are recording record sales figures in 2023 — fewer units are being sold, but they’re going for…
IFC could greenlight funds for East Port Said port expansion this month
The expansion of the terminal falls under Maersk’s USD 500 mn development plans for the East Port Said port
Snackmaker Edita lands USD 45 mn loan from the IFC to fuel growth
The loan will support the company’s working capital, fund fresh capex, and help it settle a previous loan from the…
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