{"id":585672,"date":"2023-04-27T00:00:00","date_gmt":"2023-04-27T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/27\/more-ebrd-finance-in-the-works-for-banque-misr\/"},"modified":"2023-04-27T00:00:00","modified_gmt":"2023-04-27T00:00:00","slug":"more-ebrd-finance-in-the-works-for-banque-misr","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/27\/more-ebrd-finance-in-the-works-for-banque-misr\/","title":{"rendered":"More EBRD finance in the works for Banque Misr"},"content":{"rendered":"

DEBT- <\/span><\/p>\n

<\/span>Banque Misr is getting more EBRD financing: <\/span>The European Bank for <\/span>Reconstruction and Development (EBRD) is on 31 May scheduled to sign off on a USD 100 mn <\/span>facility to state-owned Banque Misr for on-lending to local MSMEs, according to the <\/span>EBRD\u2019s website<\/a><\/span>. \u201cThe loan offers a combination of longer-term financing than what is available in the market and promotes financing for MSMEs in Egypt,\u201d the EBRD said. If approved, this would mark the <\/span>second EBRD on-lending loan<\/a><\/span> Banque Misr has received in as many years, after last year receiving USD 100 mn to finance local SMEs working on green projects. <\/span><\/p>\n

AUTOMOTIVE-<\/span><\/p>\n

AAST to launch two models of light EVs over the coming six months: <\/span>The <\/span>Arab<\/a><\/span>Academy for Science, Technology and Maritime Transport (AAST)<\/a><\/span> is working to start rolling out its first locally-made electric cargo transport vehicle next month, Dean of Applied Research at the AAST Mohamed El Ghamry told the <\/span>state-run <\/span>MENA news agenc<\/span>y<\/span>. The car aims to replace the widespread three wheeler used to transport various items from fruits and vegetables to furniture. The academy will also introduce passenger EVs over the coming 5-6 months. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

The finance would be on-lent to Egyptian MSMEs<\/p>\n","protected":false},"author":1,"featured_media":585673,"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":[9196,111,144,576,7106,571,72,356],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-585672","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-aast","tag-also-on-our-radar","tag-automotive","tag-banque-misr","tag-debt","tag-ebrd","tag-enterpriseam","tag-evs","wpautop","entry"],"acf":{"mongo_id":"e36e3dbc-fb53-4ecd-ad87-d7271c06a08f","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/4\/904.jpg","photo_position":"below","homepage_title":"","full_issue_title":"EBRD could extend USD 100 mn loan to Banque Misr. PLUS: Arab Academy for Science to launch two new electric vehicles","related_issue":[585650],"teaser":"The finance would be on-lent to Egyptian MSMEs","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/4\/.062791cf-c669-40b9-b793-c2776830d681.mp3"},"yoast_head":"\nMore EBRD finance in the works for Banque Misr - 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\/04\/27\/more-ebrd-finance-in-the-works-for-banque-misr\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"More EBRD finance in the works for Banque Misr\" \/>\n<meta property=\"og:description\" content=\"The finance would be on-lent to Egyptian MSMEs\" \/>\n<meta property=\"og:url\" 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affordable housing finance, and expand Banque Misr\u2019s green lending portfolio","rel":"","context":"In "Development finance"","block_context":{"text":"Development finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/development-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1239.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":587527,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/29\/banque-misr-could-soon-get-a-usd-260-mn-loan-from-ifc\/","url_meta":{"origin":585672,"position":1},"title":"Banque Misr could soon get a USD 260 mn loan from IFC","author":"enterpriseam admin","date":"29 May 2023","format":false,"excerpt":"The bank will use the loan for on-lending to local MSMEs and women-owned SMEs","rel":"","context":"In "DEBT WATCH"","block_context":{"text":"DEBT 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