{"id":542917,"date":"2022-01-24T03:53:29","date_gmt":"2022-01-24T03:53:29","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/24\/cbe-grants-kfws-green-for-growth-fund-tier-two-debt-license\/"},"modified":"2022-01-24T03:53:29","modified_gmt":"2022-01-24T03:53:29","slug":"cbe-grants-kfws-green-for-growth-fund-tier-two-debt-license","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/24\/cbe-grants-kfws-green-for-growth-fund-tier-two-debt-license\/","title":{"rendered":"CBE grants KfW\u2019s Green for Growth Fund tier-two debt license"},"content":{"rendered":"<p><strong>German development bank KfW\u2019s <\/strong><strong><a href=\"https:\/\/www.ggf.lu\/\">Green for Growth Fund<\/a><\/strong><strong> (GGF) now has a license <\/strong><strong>from the Central Bank of Egypt (CBE) to act as a \u201ctier-two\u201d lender<\/strong> in Egypt, the fund announced in a <a href=\"https:\/\/ent.news\/2022\/1\/Press-Release-GGF-sub-debt-license-in-Egypt_Arabic_21Jan-2022.pdf\">press release (pdf)<\/a> yesterday. The license will see GGF provide loans to Egyptian banks to help finance energy efficiency, resource efficiency and renewable energy projects.<\/p>\n<p><strong>Background: <\/strong>The GGF is a public-private partnership fund initiated by the European Investment Bank and KfW that finances green projects in 19 countries, both directly and to financial institutions for on-lending. It has <a href=\"https:\/\/www.ggf.lu\/portfolio\">made EUR 99 mn<\/a> in sub-loan investments in Egypt since its founding in 2009. It has previously provided National Bank of Egypt, <a href=\"https:\/\/enterprise.press\/stories\/2016\/10\/10\/green-for-growth-fund-loans-alexbank-usd-20-mn\/\">Alexbank<\/a>, and <a href=\"https:\/\/enterprise.press\/stories\/2018\/01\/21\/ggf-grants-banque-du-caire-usd-10-mn-in-energy-conservation-support\/\">Banque du Caire<\/a> with facilities of USD 10-30 mn to finance local green projects.<\/p>\n<p><strong>OTHER DEBT NEWS-<\/strong><\/p>\n<p><strong>NBE, local banks to dish out another EGP 25 bn to Geico for Abu Qir Port:<\/strong> The National Bank of Egypt (NBE) will lead a banking syndicate offering an EGP 25 bn loan to construction firm Gharably Integrated Engineering Company (Geico) for the development of the New Abu Qir city and port, reports <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=22012022&id=e7ce331f-6bef-46bc-bdab-5f6bbfa23a4d\">Al Shorouk<\/a>, citing unnamed sources it says has knowledge of the matter. Enterprise reached out to NBE officials, who did not return a request for comment by dispatch time.<\/p>\n<p><strong>This is double the amount Geico secured last September.<\/strong> The construction outfit <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9788a530-8979-48c3-b7a0-c641ec22a9db\">received a EGP 12.3 bn loan<\/a>, through a consortium of local state-owned and private sector banks, to upgrade the Abu Qir port. NBE Chairman Hisham Okasha had said it was the largest joint loan of 2021 and the largest financing for a contracting operation in recent years. Geico had in January 2021 <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/510fb761-11b7-4c5a-8cdb-6b1b17a33727\">signed<\/a> an EGP 3.8 bn syndicated loan agreement to upgrade the port.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>German development bank KfW\u2019s Green for Growth Fund (GGF) now has a license from the Central Bank of Egypt (CBE) to act as a \u201ctier-two\u201d lender in Egypt, the fund announced in a press release (pdf) yesterday. The license will see GGF provide loans to Egyptian banks to help finance energy efficiency, resource efficiency and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":542918,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7274],"tags":[548,271,7106,88,72,545,546,150,547],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-542917","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-abu-qir-fertilizers","tag-central-bank-of-egypt","tag-debt","tag-debt-watch","tag-enterpriseam","tag-finance-in-motion","tag-hisham-okasha","tag-renewable-energy","tag-sanad","wpautop","entry"],"acf":{"mongo_id":"03a3106b-cabc-4e8c-8cbd-742d79570cd8","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/1\/309.jpg","photo_position":"above","related_issue":[542903],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>CBE grants KfW\u2019s Green for Growth Fund tier-two debt license - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/24\/cbe-grants-kfws-green-for-growth-fund-tier-two-debt-license\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBE grants KfW\u2019s Green for Growth Fund tier-two debt license\" \/>\n<meta property=\"og:description\" content=\"German development bank KfW\u2019s Green for Growth Fund (GGF) now has a license from the Central Bank of Egypt (CBE) to act as a \u201ctier-two\u201d lender in Egypt, the fund announced in a press release (pdf) yesterday. The license will see GGF provide loans to Egyptian banks to help finance energy efficiency, resource efficiency and [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/24\/cbe-grants-kfws-green-for-growth-fund-tier-two-debt-license\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-24T03:53:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/1\/309.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/24\/cbe-grants-kfws-green-for-growth-fund-tier-two-debt-license\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/24\/cbe-grants-kfws-green-for-growth-fund-tier-two-debt-license\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"CBE grants KfW\u2019s Green for Growth Fund tier-two debt license\",\"datePublished\":\"2022-01-24T03:53:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/24\/cbe-grants-kfws-green-for-growth-fund-tier-two-debt-license\/\"},\"wordCount\":293,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/24\/cbe-grants-kfws-green-for-growth-fund-tier-two-debt-license\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/1\/309.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Abu Qir Fertilizers\",\"Central Bank of Egypt\",\"debt\",\"debt watch\",\"EnterpriseAM\",\"Finance in Motion\",\"Hisham Okasha\",\"renewable energy\",\"Sanad\"],\"articleSection\":[\"DEBT WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/24\/cbe-grants-kfws-green-for-growth-fund-tier-two-debt-license\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/24\/cbe-grants-kfws-green-for-growth-fund-tier-two-debt-license\/\",\"name\":\"CBE grants KfW\u2019s Green for Growth Fund tier-two debt license - 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The facility is the GGF\u2019s first tier-two investment in Egypt, after\u2026","rel":"","context":"In &quot;DEBT WATCH&quot;","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/2\/276.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":544483,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/06\/ebrd-green-growth-and-sanad-funds-all-have-money-for-egypt-more-competition-in-consumer-finance\/","url_meta":{"origin":542917,"position":1},"title":"EBRD, Green Growth and Sanad funds all have money for Egypt + more competition in consumer finance","author":"enterpriseam admin","date":"6 March 2022","format":false,"excerpt":"The European Bank for Reconstruction and Development (EBRD) has put pen to paper on its financing of the Alexandria metro project, which will see it provide the Transport Ministry with EUR 250 mn to transform the Abu Qir railway into an electrified metro line. Al Borsa reports that the EBRD\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":667203,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/22\/beltone-leasing-and-factoring-secures-usd-20-mn-from-finance-in-motion-backed-funds-sanad-and-green-for-growth\/","url_meta":{"origin":542917,"position":2},"title":"Beltone Leasing and Factoring secures USD 20 mn from Finance in Motion-backed funds SANAD and Green for Growth","author":"enterpriseam admin","date":"22 June 2025","format":false,"excerpt":"Each fund provided a USD 10 mn package, with a repayment tenor of five years","rel":"","context":"In &quot;DEBT WATCH&quot;","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/4\/756.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":573432,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/05\/sanad-green-for-growth-fund-to-invest-usd-250-mn-in-egypt-in-2021\/","url_meta":{"origin":542917,"position":3},"title":"Sanad, Green for Growth fund to invest USD 250 mn in Egypt in 2021","author":"enterpriseam admin","date":"5 August 2020","format":false,"excerpt":"INVESTMENT WATCH- Sanad, Green for Growth have earmarked USD 250 mn to invest in Egypt in 2021: The Sanad Fund and the Green for Growth Fund (GGF) have USD 250 mn to commit to Egyptian SMEs and renewable energy projects in 2021, said Mohamed Morsy, Egypt manager of impact investor\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":634661,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/21\/ggf-grants-banque-du-caire-usd-10-mn-in-energy-conservation-support\/","url_meta":{"origin":542917,"position":4},"title":"GGF grants Banque du Caire USD 10 mn in energy conservation support","author":"enterpriseam admin","date":"21 January 2018","format":false,"excerpt":"The European Investment Bank and KfW\u2019s Green for Growth Fund\u2019s (GGF) is providing Banque du Caire with USD 10 mn in funding to support green projects in Egypt, Al Masry Al Youm reports. This is the GGF\u2019s third agreement of its kind in Egypt, having provided Alexbank with USD 20\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":567650,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/02\/whos-in-the-market-for-debt-2\/","url_meta":{"origin":542917,"position":5},"title":"Who\u2019s in the market for debt?","author":"enterpriseam admin","date":"2 December 2020","format":false,"excerpt":"Banque du Caire is getting USD 30 mn in tier-two capital under a financing agreement with German development bank KfW\u2019s Sanad fund, Hapi journal reports. The facility, the final agreement for which Banque du Caire and Sanad signed yesterday, will be used for on-lending to SMEs and farmers. MEANWHILE- Ora\u2026","rel":"","context":"In &quot;DEBT WATCH&quot;","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/542917","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=542917"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/542917\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/542903"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/542918"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=542917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=542917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=542917"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=542917"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=542917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}