{"id":609945,"date":"2023-11-13T00:00:00","date_gmt":"2023-11-13T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/13\/egypt-to-expand-ties-with-african-infrastructure-investment-platform-tougher-penalties-for-harassers-approved\/"},"modified":"2023-11-13T00:00:00","modified_gmt":"2023-11-13T00:00:00","slug":"egypt-to-expand-ties-with-african-infrastructure-investment-platform-tougher-penalties-for-harassers-approved","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/13\/egypt-to-expand-ties-with-african-infrastructure-investment-platform-tougher-penalties-for-harassers-approved\/","title":{"rendered":"Egypt to expand ties with African infrastructure investment platform + Tougher penalties for harassers approved"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt is strengthening ties with an Africa-led infrastructure investment <\/strong><strong>platform: <\/strong>The House yesterday signed off on two presidential decrees allowing Egypt to expand its relationship with <a target=\"_blank\" href=\"https:\/\/www.africa50.com\/\" style=\"\" rel=\"noopener\">Africa50<\/a>, an infrastructure investment platform established by African governments and the African Development Bank (AfDB). The decrees will see Egypt join the platform\u2019s <a target=\"_blank\" href=\"https:\/\/www.africa50.com\/investing-for-growth\/investment-vehicles\/project-development\/\" style=\"\" rel=\"noopener\">project development<\/a> and the <a target=\"_blank\" href=\"https:\/\/www.africa50.com\/investing-for-growth\/investment-vehicles\/project-finance\/\" style=\"\" rel=\"noopener\">project finance<\/a> arms:<\/p>\n<ul>\n<li><strong>Project development<\/strong> focuses on increasing the number of bankable infrastructure projects. Operating under a venture capital model, it provides equity investments of USD 2-10 mn in early-stage projects in return for significant minority stakes.<\/li>\n<li><strong>Project finance<\/strong> follows a private equity model, investing larger amounts (more than USD 20 mn) in return for significant minority stakes. It focuses more on profitability and development impact. <\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The focus:<\/strong> Africa50 targets projects in the power, transport, IT, midstream gas sectors, and has recently broadened its remit to include fintech, health and education-focused projects.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Africa50 in Egypt:<\/strong> The platform has <a target=\"_blank\" href=\"https:\/\/www.africa50.com\/investing-for-growth\/projects-investments\/scatec-egypt-benban-solar-plants\/\" style=\"\" rel=\"noopener\">invested in Scatec\u2019s 400-MW solar plant<\/a> at the giant 1.5-GW Benban project.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- Stricter penalties for harassers:<\/strong><a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/11\/605.pdf\" style=\"\" rel=\"noopener\">Amendments to the Penal Code (pdf)<\/a> also got the greenlight, adding tougher penalties for harassment that takes place under certain circumstances. Harassment in the workplace and on transportation falls under the offenses that deserve more severe punishments: up to five years in prison in the case of physical, verbal, online or visual harassment, and up to seven years if the offender\u2019s actions aim to take [redacted] advantage of the victim. The amendments also include new tougher penalties for extreme cases that fall under a specific list of conditions. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>MPs approved two decrees that will see Egypt join the platform\u2019s project development and project finance arms<\/p>\n","protected":false},"author":1,"featured_media":609946,"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":[7344],"tags":[8941,1376,72,274,125,187,3085],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-609945","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislation-watch","tag-africa50","tag-african-development-bank","tag-enterpriseam","tag-house-of-representatives","tag-investment-watch","tag-legislation-watch","tag-penal-code","wpautop","entry"],"acf":{"mongo_id":"9f8a988b-a718-47bf-99fb-85f0127eeea3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/11\/619.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt to expand ties with African infrastructure investment platform + Tougher penalties for harassers approved","related_issue":[609932],"teaser":"MPs approved two decrees that will see Egypt join the platform\u2019s project development and project finance arms","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/11\/.bc816c22-909d-4d0d-91f1-40e0dec5e235.mp3"},"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>Egypt to expand ties with African infrastructure investment platform + Tougher penalties for harassers approved - 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\" 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This will be roughly what it invested in Africa in 2020, he said.Where\u2019s the money\u2026","rel":"","context":"In &quot;Investment Watch&quot;","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/1\/279.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":656861,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/11\/africa50-eyes-42-9-stake-in-raya-data-center-with-usd-15-mn-investment-to-fund-new-data-center\/","url_meta":{"origin":609945,"position":3},"title":"Africa50 eyes 42.9% stake in Raya Data Center with USD 15 mn investment to fund new data center","author":"enterpriseam admin","date":"11 December 2024","format":false,"excerpt":"The data center will in total cost USD 35 mn","rel":"","context":"In &quot;M&amp;A WATCH&quot;","block_context":{"text":"M&amp;A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/628.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":594536,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/01\/japan-african-union-sign-investment-declaration-at-ticad\/","url_meta":{"origin":609945,"position":4},"title":"Japan, African Union sign investment declaration at Ticad","author":"enterpriseam admin","date":"1 September 2019","format":false,"excerpt":"Japan, African Union sign investment declaration at Ticad: Egypt signed a 13-page declaration with Japan and other African countries to promote Japanese investment in Africa at the end of the three-day Tokyo International Conference on African Development (Ticad) in Yokohama on Friday. The declaration, which aims to channel USD 20\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\/2019\/8\/1959.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":593382,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/26\/egypt-talks-cooperation-with-african-development-bank-on-cairo-cape-town-road\/","url_meta":{"origin":609945,"position":5},"title":"Egypt talks cooperation with African Development Bank on Cairo-Cape Town road","author":"enterpriseam admin","date":"26 November 2019","format":false,"excerpt":"Transport Minister Kamal El Wazir discussed with an African Development Bank delegation a potential joint investment in the planned Cairo-Cape Town road, according to a cabinet statement. No details were provided on the size of the potential investment.","rel":"","context":"In &quot;Infrastructure&quot;","block_context":{"text":"Infrastructure","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/infrastructure\/"},"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\/609945","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=609945"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/609945\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/609932"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/609946"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=609945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=609945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=609945"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=609945"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=609945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}