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IFC’s Sustainable Banking and Finance Network upgrades Egypt’s sustainable finance rating
The SBFN attributed the upgrade to “collaboration among Egypt’s financial regulatory bodies” to promote sustainability
Cabinet greenlights freezone, tourist port for Ras El Hekma
Ras El Hekma for Urban Development will set up the free zone and tourist port
Why are so few Egyptian households going solar?
A weaker EGP, high interest rates, and limited financing options have increased the price tag of solar panels
Waja Group ventures into the EV industry in Egypt in partnership with Arab Organization for Industrialisation. PLUS: Al Mansour to expand MG range
The business partners are looking to set up a JV
Private sector energy firms step in line for renewable energy projects under new peer-to-peer system
The peer-to-peer system allows private sector companies to produce renewable energy and sell it directly to private sector firms
Gov’t eyes increasing the average term of its securities to 4.5-5 years
The government will also continue to work on lowering its debt servicing costs
Climate change has made pesky red fire ant populations thrive
Invasive species such as the red fire ant can pose a threat an area’s biodiversity and cost bns to keep…
A look at what EFG Hermes’ Vortex Energy has in its renewable energy investment pipeline
Vortex Energy has launched four funds, the first three of which have deployed some EUR 1.6 bn
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