{"id":543816,"date":"2022-02-20T04:25:45","date_gmt":"2022-02-20T04:25:45","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/20\/bdc-just-got-a-green-lending-boost\/"},"modified":"2022-02-20T04:25:45","modified_gmt":"2022-02-20T04:25:45","slug":"bdc-just-got-a-green-lending-boost","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/20\/bdc-just-got-a-green-lending-boost\/","title":{"rendered":"BdC just got a green lending boost"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>Banque du Caire is getting USD 30 mn in \u201ctier-two\u201d capital investment <\/strong>under a financing agreement with the Green for Growth Fund (GGF), which is backed by German development bank KfW, among others,  according to <a href=\"https:\/\/ent.news\/2022\/2\/GGF-PROVIDES-FIRST-TIER-II-CAPITAL-IN-EGYPT-TO-BANQUE-DU-CAIRE.pdf\">a press release (pdf)<\/a>. The facility is the GGF\u2019s first tier-two investment in Egypt, after it in January <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/03a3106b-cabc-4e8c-8cbd-742d79570cd8\">received a license<\/a> from the Central Bank of Egypt (CBE) to act as a tier-two lender, allowing it to finance Egyptian banks for on-lending to energy efficiency, resource efficiency and renewable energy projects. Banque du Caire in 2020 <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/98c0a496-cfe0-4aaf-8781-bd2e09623849\">received<\/a> the same amount of tier-two capital from KfW\u2019s Sanad fund for on-lending to SMEs and farmers.<\/p>\n<p><strong>OTHER DEBT NEWS-<\/strong><\/p>\n<p><strong>AAIB lends EGP 1.8 bn for Dekheila Port terminal:<\/strong> Construction firm <a href=\"https:\/\/www.edecs.com\/\">EDECS<\/a> is borrowing EGP 1.8 bn from the Arab African International Bank (AAIB) to finance the multi-purpose terminal it\u2019s building at the Dekheila Port, <a href=\"https:\/\/bit.ly\/3GTjoqR\">Al Mal<\/a> reports. The terminal is expected to accommodate <a href=\"https:\/\/www.edecs.com\/projects\/multi-purpose-terminal-dekheila-seaport-%E2%80%93-berth-100\">2 mn containers annually<\/a> once complete.<\/p>\n<p><strong>More money for Porto Minya, Porto Said:<\/strong> Amer Group subsidiary Amer Tourism Development signed a EGP 350 mn medium-term loan agreement with Banque Misr to finance part of its Porto El Minya residential project in Upper Egypt, it said in <a href=\"https:\/\/ent.news\/2022\/2\/Amer-Group-17-2-2022.pdf\">a disclosure (pdf)<\/a> to the EGX on Thursday. It also signed a EGP 300 mn credit facility for its Porto Said resort development.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Banque du Caire is getting USD 30 mn in \u201ctier-two\u201d capital investment under a financing agreement with the Green for Growth Fund (GGF), which is backed by German development bank KfW, among others, according to a press release (pdf). The facility is the GGF\u2019s first tier-two investment in Egypt, after it in January received a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":543817,"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":[832,430,726,576,7106,88,772,72,213],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-543816","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-amer-group","tag-arab-african-international-bank","tag-banque-du-caire","tag-banque-misr","tag-debt","tag-debt-watch","tag-edecs","tag-enterpriseam","tag-infrastructure-watch","wpautop","entry"],"acf":{"mongo_id":"ab084adb-2d22-462b-81a7-07ade08538b3","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/2\/276.jpg","photo_position":"above","related_issue":[543800],"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>BdC just got a green lending boost - 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\/02\/20\/bdc-just-got-a-green-lending-boost\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BdC just got a green lending boost\" \/>\n<meta property=\"og:description\" content=\"Banque du Caire is getting USD 30 mn in \u201ctier-two\u201d capital investment under a financing agreement with the Green for Growth Fund (GGF), which is backed by German development bank KfW, among others, according to a press release (pdf). The facility is the GGF\u2019s first tier-two investment in Egypt, after it in January received a [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/20\/bdc-just-got-a-green-lending-boost\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-02-20T04:25:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/2\/276.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\/02\/20\/bdc-just-got-a-green-lending-boost\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/20\/bdc-just-got-a-green-lending-boost\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"BdC just got a green lending boost\",\"datePublished\":\"2022-02-20T04:25:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/20\/bdc-just-got-a-green-lending-boost\/\"},\"wordCount\":227,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/20\/bdc-just-got-a-green-lending-boost\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/2\/276.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Amer Group\",\"Arab African International Bank\",\"Banque du Caire\",\"Banque Misr\",\"debt\",\"debt watch\",\"EDECS\",\"EnterpriseAM\",\"infrastructure watch\"],\"articleSection\":[\"DEBT WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/20\/bdc-just-got-a-green-lending-boost\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/20\/bdc-just-got-a-green-lending-boost\/\",\"name\":\"BdC just got a green lending boost - 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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":[]},{"id":579284,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/01\/ebrd-and-partners-fund-more-green-finance-for-smes-ebrd-bii-lend-usd-100-mn-to-bdc\/","url_meta":{"origin":543816,"position":1},"title":"EBRD and partners fund more green finance for SMEs + EBRD, BII lend USD 100 mn to BdC","author":"enterpriseam admin","date":"1 February 2023","format":false,"excerpt":"DFIs to fund more green projects + privatization candidate BdC gets funding: More funding for green projects will be available to local SMEs courtesy of the European Bank for Reconstruction and Development (EBRD), the EU, and the Green Climate Fund. Meanwhile, EBRD and British International Investment said they would provide\u2026","rel":"","context":"In &quot;Development finance&quot;","block_context":{"text":"Development finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/development-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/2\/6.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":542917,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/24\/cbe-grants-kfws-green-for-growth-fund-tier-two-debt-license\/","url_meta":{"origin":543816,"position":2},"title":"CBE grants KfW\u2019s Green for Growth Fund tier-two debt license","author":"enterpriseam admin","date":"24 January 2022","format":false,"excerpt":"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\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\/1\/309.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":608250,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/17\/four-banks-could-receive-ebrd-loans-to-fund-smes-green-projects\/","url_meta":{"origin":543816,"position":3},"title":"Four banks could receive EBRD loans to fund SMEs, green projects","author":"enterpriseam admin","date":"17 October 2023","format":false,"excerpt":"The financing could be made available before the end of the year, according to a senior figure at the EBRD","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\/2023\/5\/963.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":559402,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/20\/everybody-loves-debt\/","url_meta":{"origin":543816,"position":4},"title":"Everybody loves debt\u2026","author":"enterpriseam admin","date":"20 January 2021","format":false,"excerpt":"A fresh EGP 170 mn securitized bond issuance EFG Hermes is looking to take to market should soon get regulatory approval, Financial Regulatory Authority head Mohamed Omran said yesterday, according to Hapi Journal. 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