{"id":546022,"date":"2022-04-20T03:56:11","date_gmt":"2022-04-20T03:56:11","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/20\/vehicles-in-the-natgas-replacement-scheme-could-soon-get-pricier-more-european-green-funds-to-banks-for-sme-lending\/"},"modified":"2022-04-20T03:56:11","modified_gmt":"2022-04-20T03:56:11","slug":"vehicles-in-the-natgas-replacement-scheme-could-soon-get-pricier-more-european-green-funds-to-banks-for-sme-lending","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/20\/vehicles-in-the-natgas-replacement-scheme-could-soon-get-pricier-more-european-green-funds-to-banks-for-sme-lending\/","title":{"rendered":"Vehicles in the natgas replacement scheme could soon get pricier + more European green funds to banks for SME lending?"},"content":{"rendered":"

<\/a> \u201cMost\u201d of the companies participating in the state\u2019s natgas vehicle swap scheme <\/strong>have submitted requests to raise their prices<\/strong>, Shorouk News<\/a> reports, citing the initiative\u2019s spokesman Tarek Awad. Under the rules of the scheme to switch passenger cars to run on natgas, companies can request to raise their prices by up to 10% if they can justify why. Late last year the Finance Ministry approved three such requests<\/a> from manufacturers amid the global supply crunch, adding EGP 3-5k to the price of some vehicles. Some 13k dual-fuel cars had been delivered by the end of January under the scheme, which is expected to see 250k old cars<\/a> swapped out with natgas-run cars by the end of 2023.<\/p>\n

Are the Green for Growth and Sanad funds close to approving loans worth USD 50 <\/strong>mn to two banks for on-lending to SMEs?<\/strong> That\u2019s what Al Mal<\/a> reported yesterday, citing an interview with Mohamed Morsy, Egypt manager of impact investor Finance in Motion<\/a> \u2014 a consultant to both funds. Morsy denied the news when we approached him yesterday<\/strong>, telling us that talks are still at an early stage and haven\u2019t yet agreed on the size or timeline of the loans. The two funds loaned USD 75 mn<\/a> to Banque Misr for green on-lending last month.<\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cMost\u201d of the companies participating in the state\u2019s natgas vehicle swap scheme have submitted requests to raise their prices, Shorouk News reports, citing the initiative\u2019s spokesman Tarek Awad. Under the rules of the scheme to switch passenger cars to run on natgas, companies can request to raise their prices by up to 10% if they […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[7209],"tags":[111,144,88,72,91],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-546022","post","type-post","status-publish","format-standard","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-automotive","tag-debt-watch","tag-enterpriseam","tag-oil-and-gas","wpautop","entry"],"acf":{"mongo_id":"5e9b8b03-231a-4cb2-bdcd-956d9f46ed65","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[546002],"teaser":"","voice_url":""},"yoast_head":"\nVehicles in the natgas replacement scheme could soon get pricier + more European green funds to banks for SME lending? - 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\/04\/20\/vehicles-in-the-natgas-replacement-scheme-could-soon-get-pricier-more-european-green-funds-to-banks-for-sme-lending\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Vehicles in the natgas replacement scheme could soon get pricier + more European green funds to banks for SME lending?\" \/>\n<meta property=\"og:description\" content=\"\u201cMost\u201d of the companies participating in the state\u2019s natgas vehicle swap scheme have submitted requests to raise their prices, Shorouk News reports, citing the initiative\u2019s spokesman Tarek Awad. 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That includes the 250k figure that was previously announced \u2014 which the Trade and Industry Ministry is handling\u2026","rel":"","context":"In "NATGAS TRANSITION"","block_context":{"text":"NATGAS TRANSITION","link":"https:\/\/enterpriseam.com\/egypt\/category\/natgas-transition\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/4\/185.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":562570,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/30\/govt-wants-to-expand-natgas-transition-plan\/","url_meta":{"origin":546022,"position":2},"title":"Gov\u2019t wants to expand natgas transition plan","author":"enterpriseam admin","date":"30 May 2021","format":false,"excerpt":"The Finance Ministry could expand its automotive natgas transition scheme to allow more vehicle owners and more governorates to participate, Finance Minister Mohamed Maait said in a statement on Friday. The ministry is considering opening it up to new governorates as soon as they have the required infrastructure, while new\u2026","rel":"","context":"In "Automotive"","block_context":{"text":"Automotive","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/automotive\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/5\/267.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":565780,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/04\/the-govt-has-now-been-handing-out-new-natgas-vehicles-for-a-full-month\/","url_meta":{"origin":546022,"position":3},"title":"The gov\u2019t has now been handing out new natgas vehicles for a full month","author":"enterpriseam admin","date":"4 May 2021","format":false,"excerpt":"Update on the gov\u2019t automotive natgas transition scheme: Egypt handed over 340 natgas cars as part of the natgas transition scheme during April, which was the first month the government began delivering the vehicles, Finance Minister Mohamed Maait said in a statement on Friday.Applications to the scheme seem to be\u2026","rel":"","context":"In "SPEED ROUND: AUTOMOTIVE"","block_context":{"text":"SPEED ROUND: AUTOMOTIVE","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-automotive\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/5\/296.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":543503,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/03\/last-nights-talk-shows-record-exports-natgas-vehicle-scheme\/","url_meta":{"origin":546022,"position":4},"title":"Last Night\u2019s Talk Shows: Record exports + Natgas vehicle scheme","author":"enterpriseam admin","date":"3 February 2022","format":false,"excerpt":"Our record 2021 export revenues dominated coverage on the airwaves last night. The USD 45.2 bn in export revenues \u2014 up 80% y-o-y \u2014 came on the back of a 56% rise in sales to the European Union and a 51% y-o-y increase exports the United States, head of the\u2026","rel":"","context":"In "LAST NIGHT\u2019S TALK SHOWS"","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":561076,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/24\/keep-an-eye-out-for-the-first-batch-of-new-natgas-vehicles\/","url_meta":{"origin":546022,"position":5},"title":"Keep an eye out for the first batch of new natgas vehicles","author":"enterpriseam admin","date":"24 March 2021","format":false,"excerpt":"The first batch of dual-fuel vehicles under the state\u2019s scheme to swap out old, gasoline-fueled cars will hit the road within a month, the initiative\u2019s spokesperson Ahmed Abdel Razek told Enterprise. The number of cars to be delivered in the first batch will depend on the availability of the models\u2026","rel":"","context":"In "Automotive"","block_context":{"text":"Automotive","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/automotive\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/296.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/546022","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=546022"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/546022\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/546002"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=546022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=546022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=546022"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=546022"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=546022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}