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EBRD approves USD 100 mn loan to NBE
Half of the proceeds will go into financing women and youth-led businesses
Talaat Moustafa Group now owns a 39% stake in the state’s historic hotels company
Talaat Moustafa could increase its stake to 51%
More players can set up investment funds. PLUS: Funds for Takaful and Karama, Italian interest in our food sector, new investments from Cairo 3A
MSME finance and consumer finance companies can now set up investment funds
Gov’t to launch pilot mandatory carbon market in 1Q 2024
The World Bank is working alongside the Environment Ministry to get the market off the ground
Egypt to survey land plots for new renewable energy projects. PLUS: Recycling phones, more hotels, and an airline returns to Egypt.
MORE SOLAR + WIND PROJECTS? The New and Renewable Energy Authority (NREA) will run studies on the suitability of almost…
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…
World Bank to help localize climate-friendly agritech in Egypt + An African PE outfit wants a stake in a local pharma firm
GREEN FARMING- The World Bank will help Egypt localize climate-friendly agritech. (International Cooperation Ministry statement) PHARMA M&A- Rwanda-based private equity…
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