{"id":572385,"date":"2020-06-23T04:36:03","date_gmt":"2020-06-23T04:36:03","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/23\/afds-proparco-provides-usd-20-mn-finance-facility-to-tc-garments\/"},"modified":"2020-06-23T04:36:03","modified_gmt":"2020-06-23T04:36:03","slug":"afds-proparco-provides-usd-20-mn-finance-facility-to-tc-garments","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/23\/afds-proparco-provides-usd-20-mn-finance-facility-to-tc-garments\/","title":{"rendered":"AFD\u2019s Proparco provides USD 20 mn finance facility to T&C Garments"},"content":{"rendered":"

<\/a> DEBT WATCH- Proparco has extended a USD 20 mn finance facility to <\/strong>T&C Garments<\/a><\/strong>, an Egyptian-Turkish JV specialized in manufacturing denim clothes for export, according to a press release (pdf)<\/a>. The loan from the private-sector financing arm of the French development finance institution AFD will help T&C Garments double its production capability over the coming years as well as finance the installation of solar PV panels and a water-recycling unit to increase sustainable electricity usage in the company. \u201cEgypt has high potential to play a growing role in the textile sector worldwide<\/strong>,\u201d said Yazid Safir, North Africa director at Proparco, adding that the company, \u201cis pioneering high environmental and social standards in the Egyptian textile sector.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

DEBT WATCH- Proparco has extended a USD 20 mn finance facility to T&C Garments, an Egyptian-Turkish JV specialized in manufacturing denim clothes for export, according to a press release (pdf). The loan from the private-sector financing arm of the French development finance institution AFD will help T&C Garments double its production capability over the coming […]<\/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":[8572],"tags":[7106,5358,72,491,5357,5359,4218,2380,5356,5361,132,218,5360],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-572385","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-debt","tag-denim","tag-enterpriseam","tag-france","tag-jeans","tag-pants","tag-proparco","tag-speed-round","tag-t-and-c-garments","tag-tc-garments","tag-trade","tag-turkey","tag-water-recycling","wpautop","entry"],"acf":{"mongo_id":"47dcb387-c903-4021-ade0-e62f26918b70","is_powered_by":true,"section_story_id":"fb4ce119-65c8-4684-a9a5-f3bfb80bdd30","story_type":"1","photo_url":"","photo_position":"above","related_issue":[572377],"teaser":"","voice_url":""},"yoast_head":"\nAFD\u2019s Proparco provides USD 20 mn finance facility to T&C Garments - 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\/2020\/06\/23\/afds-proparco-provides-usd-20-mn-finance-facility-to-tc-garments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AFD\u2019s Proparco provides USD 20 mn finance facility to T&C Garments\" \/>\n<meta property=\"og:description\" content=\"DEBT WATCH- Proparco has extended a USD 20 mn finance facility to T&C Garments, an Egyptian-Turkish JV specialized in manufacturing denim clothes for export, according to a press release (pdf). 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