{"id":560909,"date":"2021-03-17T03:53:15","date_gmt":"2021-03-17T03:53:15","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/17\/ifc-alexbank-to-finance-solar-irrigation-systems-for-egyptian-farmers\/"},"modified":"2021-03-17T03:53:15","modified_gmt":"2021-03-17T03:53:15","slug":"ifc-alexbank-to-finance-solar-irrigation-systems-for-egyptian-farmers","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/17\/ifc-alexbank-to-finance-solar-irrigation-systems-for-egyptian-farmers\/","title":{"rendered":"IFC, Alexbank to finance solar irrigation systems for Egyptian farmers"},"content":{"rendered":"<p><strong>Egyptian farmers could collectively save up to EGP 14 bn in fuel costs by using <\/strong><strong>solar-powered irrigation systems<\/strong>, which the International Finance Corporation (IFC) will help finance by on-lending through Alexbank, the international lender said in a <a href=\"https:\/\/pressroom.ifc.org\/all\/pages\/PressDetail.aspx?ID=26259\">statement<\/a>. The statement does not disclose how much funding the IFC will provide.<\/p>\n<p><strong>Other things we\u2019re keeping an eye on this morning:<\/strong><\/p>\n<ul>\n<li>EGX-listed dairy products maker <strong>Domty<\/strong> and Dutch food manufacturer <strong>FrieslandCampina International Holding<\/strong> are <a href=\"https:\/\/bit.ly\/3cDS2YT\">setting up<\/a> a joint venture to manufacture, sell, and export dairy-based products.<\/li>\n<li>The <strong>National Bank of Egypt <\/strong>will provide <strong>Gastec <\/strong>with e-payment services using its PoS systems, under <a href=\"https:\/\/bit.ly\/3tqOv6J\">an agreement signed<\/a> between the two parties yesterday.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Egyptian farmers could collectively save up to EGP 14 bn in fuel costs by using solar-powered irrigation systems, which the International Finance Corporation (IFC) will help finance by on-lending through Alexbank, the international lender said in a statement. The statement does not disclose how much funding the IFC will provide. Other things we\u2019re keeping an [&hellip;]<\/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":[1139,111,7286,1598,72,3528,759,9107,248,132],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-560909","post","type-post","status-publish","format-standard","hentry","category-also-on-our-radar","tag-alexbank","tag-also-on-our-radar","tag-climate","tag-domty","tag-enterpriseam","tag-gastec","tag-international-finance-corporation","tag-irrigation","tag-national-bank-of-egypt","tag-trade","wpautop","entry"],"acf":{"mongo_id":"427792ac-8f99-4ad9-bf86-56c75afcef9c","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[560892],"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>IFC, Alexbank to finance solar irrigation systems for Egyptian farmers - 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\/03\/17\/ifc-alexbank-to-finance-solar-irrigation-systems-for-egyptian-farmers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IFC, Alexbank to finance solar irrigation systems for Egyptian farmers\" \/>\n<meta property=\"og:description\" content=\"Egyptian farmers could collectively save up to EGP 14 bn in fuel costs by using solar-powered irrigation systems, which the International Finance Corporation (IFC) will help finance by on-lending through Alexbank, the international lender said in a statement. The statement does not disclose how much funding the IFC will provide. Other things we\u2019re keeping an [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/17\/ifc-alexbank-to-finance-solar-irrigation-systems-for-egyptian-farmers\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-17T03:53:15+00:00\" \/>\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\/2021\/03\/17\/ifc-alexbank-to-finance-solar-irrigation-systems-for-egyptian-farmers\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/17\/ifc-alexbank-to-finance-solar-irrigation-systems-for-egyptian-farmers\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"IFC, Alexbank to finance solar irrigation systems for Egyptian farmers\",\"datePublished\":\"2021-03-17T03:53:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/17\/ifc-alexbank-to-finance-solar-irrigation-systems-for-egyptian-farmers\/\"},\"wordCount\":118,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Alexbank\",\"ALSO ON OUR RADAR\",\"Climate\",\"Domty\",\"EnterpriseAM\",\"Gastec\",\"International Finance Corporation\",\"irrigation\",\"National Bank of Egypt\",\"trade\"],\"articleSection\":[\"Also on our Radar\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/17\/ifc-alexbank-to-finance-solar-irrigation-systems-for-egyptian-farmers\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/17\/ifc-alexbank-to-finance-solar-irrigation-systems-for-egyptian-farmers\/\",\"name\":\"IFC, Alexbank to finance solar irrigation systems for Egyptian farmers - 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The agreement brings Intesa\u2019s stake in\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":556237,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/17\/ifc-signs-agreement-to-improve-womens-economic-engagement\/","url_meta":{"origin":560909,"position":1},"title":"IFC signs agreement to improve women\u2019s economic engagement","author":"enterpriseam admin","date":"17 October 2021","format":false,"excerpt":"Egyptian women could have easier access to financing and investment thanks to an agreement the International Finance Corporation (IFC) signed with the International Cooperation Ministry and the National Council for Women (NCW) on Thursday to economically empower women, according to a statement. The agreement is meant to improve women\u2019s engagement\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":572861,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/12\/national-bank-of-egypt-ifc-sign-agreement-to-fund-solar-water-pumps-in-agriculture-agreements-with-usaid-and-canada\/","url_meta":{"origin":560909,"position":2},"title":"National Bank of Egypt, IFC sign agreement to fund solar water pumps in agriculture; agreements with USAID and Canada","author":"enterpriseam admin","date":"12 July 2020","format":false,"excerpt":"GERD aside (see Speed Round, above) It\u2019s all about foreign funding for development and infrastructure projects this morning. The National Bank of Egypt and the International Finance Corporation signed an agreement to increase local funding for solar-powered water pumps in agriculture, according to a statement (pdf). Help from the US,\u2026","rel":"","context":"In &quot;Diplomacy + Foreign Trade&quot;","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":547706,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/04\/fab-europe-arab-bank-to-contribute-to-elsewedys-usd-150-mn-ifc-loan\/","url_meta":{"origin":560909,"position":3},"title":"FAB + Europe Arab Bank to contribute to Elsewedy\u2019s USD 150 mn IFC loan","author":"enterpriseam admin","date":"4 July 2022","format":false,"excerpt":"More details on the IFC\u2019s USD 150 mn loan to Elsewedy Electric: First Abu Dhabi Bank and Europe Arab Bank are participating in the USD 150 mn loan from the International Finance Corporation (IFC) to Elsewedy Electric, the IFC said in a statement (pdf) last week. Elsewedy will mainly direct\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":568638,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/29\/world-bank-ifc-launch-advisory-program-in-mena-including-egypt-to-improve-msme-access-to-finance\/","url_meta":{"origin":560909,"position":4},"title":"World Bank, IFC launch advisory program in MENA, including Egypt, to improve MSME access to finance","author":"enterpriseam admin","date":"29 January 2020","format":false,"excerpt":"World Bank, IFC launch advisory program in MENA to improve MSME access to finance: The World Bank Group and the International Finance Corporation (IFC) are launching the second phase of an advisory program to improve access to finance for micro, small, and medium enterprises (MSMEs) in MENA countries including Egypt,\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":595922,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/14\/ebrd-ifc-opic-agree-to-finance-usd-252-mn-of-lekela-egypts-250-mw-wind-farm\/","url_meta":{"origin":560909,"position":5},"title":"EBRD, IFC, OPIC agree to finance USD 252 mn of Lekela Egypt\u2019s 250 MW wind farm","author":"enterpriseam admin","date":"14 August 2019","format":false,"excerpt":"INVESTMENT WATCH- EBRD, IFC, OPIC agree to finance USD 252 mn of Lekela\u2019s 250 MW wind farm: The European Bank for Reconstruction and Development (EBRD), the International Finance Corporation (IFC) and the Overseas Private Investment Corporation (OPIC) have agreed to jointly provide USD 252 mn in funding to Lekela Egypt\u2019s\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/560909","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=560909"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/560909\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/560892"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=560909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=560909"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=560909"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=560909"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=560909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}