{"id":579214,"date":"2023-01-30T04:13:18","date_gmt":"2023-01-30T04:13:18","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/30\/ifc-tadamun-partner-to-expand-microfinance-for-women-led-smes\/"},"modified":"2023-01-30T04:13:18","modified_gmt":"2023-01-30T04:13:18","slug":"ifc-tadamun-partner-to-expand-microfinance-for-women-led-smes","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/30\/ifc-tadamun-partner-to-expand-microfinance-for-women-led-smes\/","title":{"rendered":"IFC, Tadamun partner to expand microfinance for women-led SMEs"},"content":{"rendered":"

DEVELOPMENT FINANCE-<\/strong><\/p>\n

IFC, Tadamun to boost women-led micro firms: <\/strong>The International Financial Corporation (IFC) has agreed to assist Tadamun Microfinance Foundation<\/a> in digitizing and expanding its services, it said in a press release (pdf)<\/a> last week. Tadamun is a local social enterprise focused on providing women micro entrepreneurs with access to finance and technical expertise. The project is being financed by the World Bank's Micro, Small and Medium Enterprises (MSME) facility, and will see the IFC design and pilot a program to help the lender expand its reach to the smallest women-run businesses across the country.<\/p>\n

BANKING-<\/strong><\/p>\n

French cloud and managed security outfit <\/strong>Atos<\/a><\/strong> is stumping for more business in Egypt<\/strong>, with Egypt GM Ahmad Elharany quoted as telling Al Mal<\/a> that the company is talking with National Bank of Egypt, CIB and aiBank about potential work. Atos is working on a digital banking project with Banque Misr<\/a><\/strong>, as we\u2019ve previously reported.<\/p>\n

COMMODITIES- <\/strong><\/p>\n

GASC announces int\u2019l corn + veg oil tenders:<\/strong> State grains buyer GASC is seeking its second ever shipment of corn<\/a> from overseas, it said in a statement<\/a>, without specifying the amount it is looking to buy. Bid should be submitted on Wednesday, 1 February for delivery between 20 February and 10 March, with the shipment funded by the International Islamic Trade Finance Corporation. The authority is also seeking 30k tons of soybean oil and 10k tons of sunflower oil in an international tender tomorrow, for arrival from 25 February to 20 March, it said in a statement picked up by state-run MENA<\/a> news agency.<\/p>\n

INFRASTRUCTURE -<\/strong><\/p>\n

Qatari state utility company Kahramaa has awarded Elsewedy Cables Qatar a QAR <\/strong>1.2 bn (USD 329.6 mn), 30-month contract<\/strong> to establish a new underground transmission line, Elsewedy Cables Qatar shareholder Aamal announced in a statement<\/a> last week. Elsewedy Cables Qatar is 73.4% owned by Qatari industrial group Senyar Industries Qatar Holding, which is 50% owned by Aamal.<\/p>\n

INVESTMENT WATCH-<\/strong><\/p>\n

Indian seed producer to boost Egypt ops: <\/strong>Indian seed producer Hytech Seed<\/a> wants to expand its North African exports this year by upping production at its Egyptian facility Misr Hytech<\/a>, Al Mal<\/a> reports. This came following President Abdel Fattah El Sisi\u2019s visit to India<\/a> last week, during which he met with business leaders to discuss increasing investment in Egypt.<\/p>\n

PHARMA-<\/strong><\/p>\n

Sandoz partners with Ibnsina Pharma to distribute OTC products:<\/strong> Ibnsina Pharma will distribute and market Sandoz\u2019s over-the-counter pharma products in Egypt under a new agreement between the two firms, Ibnsina said in a statement (pdf)<\/a>. Sandoz is a division of Swiss pharma giant Novartis that sells generic pharma products and biosimilars.<\/p>\n

TELECOMS-<\/strong><\/p>\n

Sawiris\u2019 Italian webmail service provider suffers outage: <\/strong>Naguib Sawiris-majority owned Italian web firm ItaliaOnline suffered an outage last week, affecting 9 mn users, Reuters<\/a> reports. The company resolved the issue and mailboxes were restored on Thursday, it said in a press release<\/a>, but Italian authorities are still after answers over the outage.<\/p>\n

M&A Watch?<\/strong> Orascom TMT Investments \u2014 a company whose majority owner is Naguib Sawiris \u2014 currently owns 72.5% of ItaliaOnline, and was reported last year<\/a> to be considering selling its stake in the company.<\/p>\n","protected":false},"excerpt":{"rendered":"

DEVELOPMENT FINANCE- IFC, Tadamun to boost women-led micro firms: The International Financial Corporation (IFC) has agreed to assist Tadamun Microfinance Foundation in digitizing and expanding its services, it said in a press release (pdf) last week. Tadamun is a local social enterprise focused on providing women micro entrepreneurs with access to finance and technical expertise. […]<\/p>\n","protected":false},"author":1,"featured_media":579215,"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":[111,214,317,101,72,550,1414,7111,759,125,427,6565],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-579214","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-cit","tag-commodities","tag-development-finance","tag-enterpriseam","tag-gasc","tag-ibnsina-pharma","tag-infrastructure","tag-international-finance-corporation","tag-investment-watch","tag-pharma","tag-tadamun-microfinance-foundation","wpautop","entry"],"acf":{"mongo_id":"8950e15a-d2fb-4f06-b64d-b41dd565e48d","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/1\/515.jpg","photo_position":"above","related_issue":[579194],"teaser":"","voice_url":""},"yoast_head":"\nIFC, Tadamun partner to expand microfinance for women-led SMEs - 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\/2023\/01\/30\/ifc-tadamun-partner-to-expand-microfinance-for-women-led-smes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IFC, Tadamun partner to expand microfinance for women-led SMEs\" \/>\n<meta property=\"og:description\" content=\"DEVELOPMENT FINANCE- IFC, Tadamun to boost women-led micro firms: The International Financial Corporation (IFC) has agreed to assist Tadamun Microfinance Foundation in digitizing and expanding its services, it said in a press release (pdf) last week. 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The step is in line with the Financial Regulatory Authority\u2019s push to increase the number of women in leadership positions in Egypt\u2019s business community. Nasr is also the\u2026","rel":"","context":"In "Moves"","block_context":{"text":"Moves","link":"https:\/\/enterpriseam.com\/egypt\/category\/newsmakers\/moves\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":546503,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/18\/rameda-ifc-collab-on-sustainability\/","url_meta":{"origin":579214,"position":1},"title":"Rameda + IFC collab on sustainability","author":"enterpriseam admin","date":"18 May 2022","format":false,"excerpt":"Rameda Pharma will work with the International Finance Corporation (IFC) to improve the sustainability of its operations, according to a joint statement (pdf) out yesterday. The partnership will help reduce the company\u2019s carbon emissions and water usage, and optimize resources used for production. The Sovereign Fund of Egypt has been\u2026","rel":"","context":"In "Also on our Radar"","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":588257,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/08\/new-finance-for-air-cairo-ifc-support-for-microlenders\/","url_meta":{"origin":579214,"position":2},"title":"New finance for Air Cairo + IFC support for microlenders","author":"enterpriseam admin","date":"8 June 2023","format":false,"excerpt":"AfreximBank is lending USD 44 mn to help fund new planes for Air Cairo","rel":"","context":"In "Finance"","block_context":{"text":"Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/6\/420.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":545757,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/11\/efg-hermes-saudi-appoints-new-ceo-aspire-capital-gets-a-new-non-exec-chair\/","url_meta":{"origin":579214,"position":3},"title":"EFG Hermes Saudi appoints new CEO + Aspire Capital gets a new non-exec chair","author":"enterpriseam admin","date":"11 April 2022","format":false,"excerpt":"Saud Altassan (LinkedIn) has been appointed as the CEO of EFG Hermes, Saudi, according to a press release (pdf) out yesterday. Altassan joins EFG Hermes\u2019 operations in the kingdom from Bank of America, where he served as the head of investment banking for KSA. He was previously CEO of Swicorp\u2026","rel":"","context":"In "Moves"","block_context":{"text":"Moves","link":"https:\/\/enterpriseam.com\/egypt\/category\/newsmakers\/moves\/"},"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":579214,"position":4},"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 "Also on our Radar"","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":560402,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/25\/kudos\/","url_meta":{"origin":579214,"position":5},"title":"Kudos","author":"enterpriseam admin","date":"25 February 2021","format":false,"excerpt":"Egyptian scientist Salah Obbaya has been awarded the African Union\u2019s Kwame Nkrumah award for Scientific Excellence, according to a cabinet statement. Obbaya is director of the Center of Photonics and Smart Materials at the Zewail City of Science, Technology and Innovation.Chambers Global names top Egyptian arbitration litigators: Chambers and Partners\u2026","rel":"","context":"In "Kudos"","block_context":{"text":"Kudos","link":"https:\/\/enterpriseam.com\/egypt\/category\/newsmakers\/kudos\/"},"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\/579214","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=579214"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/579214\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/579194"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/579215"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=579214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=579214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=579214"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=579214"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=579214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}