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Also on our Radar on 25 March 2021
Legislation that would impose harsher penalties for FGM earned approval (somewhat begrudgingly) from the House Legislative Committee yesterday, after the…
IFC, Alexbank to finance solar irrigation systems for Egyptian farmers
Egyptian farmers could collectively save up to EGP 14 bn in fuel costs by using solar-powered irrigation systems, which the…
Egypt is poised to ride 2021’s green bond wave
Egypt is poised to ride 2021’s green bond wave: 2020 was supposed to be the year of green bonds for…
IFC to provide USD 30 mn in financing to glass maker Pasabahce Egypt
The International Finance Corporation (IFC) is lending USD 30 mn to the Egyptian arm of Turkish glassmaker Pasabahce to help…
Enterprise talks to: Hoda Youssef, senior economist at the World Bank
Embracing the private sector: An interview with Hoda Youssef, senior economist at the World Bank. Earlier this week, the World…
The year in development finance
The International Cooperation Ministry marshaled USD 9.8 bn to finance development projects in 2020, with USD 6.7 bn allocated to…
Kudos to: Abou Ghaly Motors, Mercedes Benz, AmCham, the IFC and MacKenzie Scott
THURSDAY KUDOS- The nice people at Abou Ghaly Motors opened this week the first fully operational 3S facility in Egypt…
IFC confirms AUB Egypt stake sale to Bahraini parent
M&A WATCH- The International Finance Corporation has confirmed it has offloaded its 10% stake in Ahli United Bank’s Egypt unit…
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