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Infrastructure 
EBRD to lend USD 50 mn to copper manufacturer UMC
The loan will fund UMC’s FX liquidity for raw material imports
Four banks could receive EBRD loans to fund SMEs, green projects
The financing could be made available before the end of the year, according to a senior figure at the EBRD
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
EBRD cuts Egypt growth outlook for 2024
The bank cuts its Egypt growth forecast for 2024 by 0.7 percentage points
EBRD commits EUR 30 mn to Mediterrania Capital Partners midcap fund
The impact investor’s MC IV fund will target mid-cap firms in Egypt, Morocco and Tunisia, as well as sub-Saharan Africa
EBRD greenlights USD 20 mn for edible oil firm Afia
The loan will fund raw material imports amid an FX crunch at home and global food insecurity
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