{"id":557234,"date":"2021-09-12T04:00:26","date_gmt":"2021-09-12T04:00:26","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/12\/nbk-egypt-to-receive-usd-25-mn-from-ebrd-to-fund-green-energy-projects\/"},"modified":"2021-09-12T04:00:26","modified_gmt":"2021-09-12T04:00:26","slug":"nbk-egypt-to-receive-usd-25-mn-from-ebrd-to-fund-green-energy-projects","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/12\/nbk-egypt-to-receive-usd-25-mn-from-ebrd-to-fund-green-energy-projects\/","title":{"rendered":"NBK Egypt to receive USD 25 mn from EBRD to fund green energy projects"},"content":{"rendered":"

<\/a> The National Bank of Kuwait in Egypt (NBKE) is set to receive a USD 25 mn loan to <\/strong>fund green energy projects from the European Bank for Reconstruction and Development (EBRD)<\/strong>, the bank announced in a statement<\/a>. The funds will be lent on to Egyptian SMEs and individual households to finance investments that will help mitigate the impacts of climate change. The loan, which had been approved in April<\/a>, will also see the Green Climate Fund contribute 15% of funds.<\/p>\n

The EBRD has been upping its funding to Egyptian institutions for green projects. <\/strong>Last month the bank \u2014 along with the GCF and the European Union (EU) \u2014 approved a USD 50 mn<\/a> loan to QNB Al Ahli for green projects to help the transition to a greener economy through the use of \u201chigh performance technologies.\u201d Prior to that it had provided the National Bank of Egypt with USD 100 mn<\/a> for on-lending to green projects. Ahli United Bank Egypt is also reportedly in line for up to USD 22 mn<\/a> from the European lender and the GCF for on-lending to green projects and SMEs in agribusiness, manufacturing and services, and IT.<\/p>\n

For more on EBRD\u2019s plans for a greener Egyptian economy, <\/strong>check out our recent interview<\/a>with EBRD President Odile Renaud-Basso + Southern and Easten Mediterranean Managing Director Heike Harmgart.<\/p>\n

\n

OTHER GREEN FINANCE NEWS-<\/strong> EBRD allocates more funding for greening <\/strong>cities:<\/strong> The EBRD has added an additional EUR 2 bn<\/a> to its Green Cities Framework 2 Window 2<\/a>, bringing the program\u2019s total funds to EUR 3.65 bn. The project aims to help overcome environmental challenges in cities through its Green City Action Plans.<\/p>\n

Will Egypt get a piece of the pie? <\/strong>Earlier this summer, the EBRD kicked off<\/a>its Green City Action Plan with the New Urban Communities Authority for West Cairo through an inaugural USD 29.6 mn loan to partially finance the development of the Sixth of October Dry Port (DP6), which will cost a total of USD 60 mn.<\/p>\n","protected":false},"excerpt":{"rendered":"

The National Bank of Kuwait in Egypt (NBKE) is set to receive a USD 25 mn loan to fund green energy projects from the European Bank for Reconstruction and Development (EBRD), the bank announced in a statement. The funds will be lent on to Egyptian SMEs and individual households to finance investments that will help […]<\/p>\n","protected":false},"author":1,"featured_media":557235,"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":[7825],"tags":[571,93,72,246,3227],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-557234","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-green-economy","tag-ebrd","tag-energy","tag-enterpriseam","tag-green-economy","tag-national-bank-of-kuwait","wpautop","entry"],"acf":{"mongo_id":"ac9458ab-e900-4c03-bec4-ec44dd6086e8","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/9\/143.jpg","photo_position":"above","related_issue":[557222],"teaser":"","voice_url":""},"yoast_head":"\nNBK Egypt to receive USD 25 mn from EBRD to fund green energy projects - 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\/2021\/09\/12\/nbk-egypt-to-receive-usd-25-mn-from-ebrd-to-fund-green-energy-projects\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NBK Egypt to receive USD 25 mn from EBRD to fund green energy projects\" \/>\n<meta property=\"og:description\" content=\"The National Bank of Kuwait in Egypt (NBKE) is set to receive a USD 25 mn loan to fund green energy projects from the European Bank for Reconstruction and Development (EBRD), the bank announced in a statement. 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Green Climate Fund (GCF), and the European Union (EU) will loan QNB Al Ahli USD 50 mn to on-lend to Egypt-based green projects and individual households, EBRD said yesterday\u2026","rel":"","context":"In "Green economy"","block_context":{"text":"Green economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/green-economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/8\/186.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":558505,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/15\/green-sme-projects-to-get-more-help-from-ebrd\/","url_meta":{"origin":557234,"position":1},"title":"Green SME projects to get more help from EBRD","author":"enterpriseam admin","date":"15 August 2021","format":false,"excerpt":"AUB Egypt could get USD 22 mn for green projects, SMEs: Ahli United Bank Egypt may receive up to USD 22 mn from the European Bank for Reconstruction and Development (EBRD) and the Global Climate Fund (GCF) for on-lending to Egyptian SMEs working on green projects, according to the EBRD\u2019s\u2026","rel":"","context":"In "SMEs"","block_context":{"text":"SMEs","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/smes\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/8\/161.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":554125,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/21\/more-financing-for-smes-green-projects\/","url_meta":{"origin":557234,"position":2},"title":"More financing for SMEs + green projects","author":"enterpriseam admin","date":"21 December 2021","format":false,"excerpt":"AUB is getting USD 82 mn to on-lend to SMEs + green projects: Ahli United Bank Egypt (AUB) will receive an USD 82 mn financing package for on-lending to SMEs from the European Bank for Reconstruction and Development (EBRD), the EU and Green Climate Fund (GCF), according to an EBRD\u2026","rel":"","context":"In "DEBT 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The loan \u2014 USD 7.5 mn of which will be financed by the Green\u2026","rel":"","context":"In "Green economy"","block_context":{"text":"Green economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/green-economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/6\/151.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":568933,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/09\/ebrd-qnb-alahli-agree-usd-82-mn-climate-finance-package\/","url_meta":{"origin":557234,"position":4},"title":"EBRD, QNB Alahli agree USD 82 mn climate finance package","author":"enterpriseam admin","date":"9 February 2020","format":false,"excerpt":"EBRD commits fresh capital to climate finance in Egypt: The European Bank of Reconstruction and Development (EBRD) and QNB Alahli have agreed a USD 82 mn financial package to fund green and SME-led projects in Egypt, the EBRD said in a statement. The package consists of a USD 17 mn\u2026","rel":"","context":"In "Speed Round"","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":562757,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/06\/more-green-lending-courtesy-of-the-ebrd\/","url_meta":{"origin":557234,"position":5},"title":"More green lending, courtesy of the EBRD","author":"enterpriseam admin","date":"6 June 2021","format":false,"excerpt":"The European Bank for Reconstruction and Development (EBRD) will lend the National Bank of Egypt (NBE) USD 100 mn to on-lend to green projects, the EBRD said in a statement (pdf). The money will be used to help businesses make more efficient use of energy, water and land, as well\u2026","rel":"","context":"In "SMEs"","block_context":{"text":"SMEs","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/smes\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/6\/72.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\/557234","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=557234"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/557234\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/557222"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/557235"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=557234"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=557234"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=557234"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=557234"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=557234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}