{"id":627301,"date":"2018-07-29T04:12:33","date_gmt":"2018-07-29T04:12:33","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/29\/egypt-accounted-for-nearly-half-of-the-ifcs-mena-investments-in-fy2017-18\/"},"modified":"2018-07-29T04:12:33","modified_gmt":"2018-07-29T04:12:33","slug":"egypt-accounted-for-nearly-half-of-the-ifcs-mena-investments-in-fy2017-18","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/29\/egypt-accounted-for-nearly-half-of-the-ifcs-mena-investments-in-fy2017-18\/","title":{"rendered":"Egypt accounted for nearly half of the IFC\u2019s MENA investments in FY2017-18"},"content":{"rendered":"

Egypt accounted for nearly half of the International Finance Corporation\u2019s (IFC) MENA investments in FY2017-18<\/strong>, Chief Investment Officer for the MENA region Deepak Khanna tells Gulf News<\/a><\/u>. Of the USD 2.4 bn the IFC invested across the region throughout the fiscal year, the organization channeled USD 1.3 bn to Egyptian companies in the solar, agri-business, micro-financing, and oil and gas sectors. \u201cWe believe Egypt is coming back and the environment continues to improve, we are seeing more private activity there and plan to invest more in the future,\u201d Khanna said. The IFC has committed to extending<\/a><\/u> as much as USD 2 bn in funding to Egypt\u2019s private sector until 2019 under the country\u2019s cooperation framework with the World Bank Group. According to Khanna, the organization will focus on closing infrastructure gaps in the power and transport sectors in Egypt and other countries in the Middle East.<\/p>\n

Meanwhile, the Japan International Cooperation Agency\u2019s (JICA) provided a USD 350 mn funding package for the EGP 12 bn 580 MW Gabal El Zeit wind farm<\/strong> , which President Abdel Fattah El Sisi inaugurated last week<\/a><\/u>. JICA support 17 power projects in Egypt with some USD 2.1 bn in funding, the organization said in a release<\/a><\/u>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt accounted for nearly half of the International Finance Corporation\u2019s (IFC) MENA investments in FY2017-18, Chief Investment Officer for the MENA region Deepak Khanna tells Gulf News. Of the USD 2.4 bn the IFC invested across the region throughout the fiscal year, the organization channeled USD 1.3 bn to Egyptian companies in the solar, agri-business, […]<\/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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-627301","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"4070b744-4c7b-447a-9a37-166fae38fbe9","order":"0","is_powered_by":true,"section_story_id":"67b2071a-08e2-4f11-8207-c7583f54fffb","story_type":"1","photo_url":"","photo_position":"above","related_issue":[627284],"teaser":"","voice_url":""},"yoast_head":"\nEgypt accounted for nearly half of the IFC\u2019s MENA investments in FY2017-18 - 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\/2018\/07\/29\/egypt-accounted-for-nearly-half-of-the-ifcs-mena-investments-in-fy2017-18\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt accounted for nearly half of the IFC\u2019s MENA investments in FY2017-18\" \/>\n<meta property=\"og:description\" content=\"Egypt accounted for nearly half of the International Finance Corporation\u2019s (IFC) MENA investments in FY2017-18, Chief Investment Officer for the MENA region Deepak Khanna tells Gulf News. Of the USD 2.4 bn the IFC invested across the region throughout the fiscal year, the organization channeled USD 1.3 bn to Egyptian companies in the solar, agri-business, […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/29\/egypt-accounted-for-nearly-half-of-the-ifcs-mena-investments-in-fy2017-18\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-07-29T04:12:33+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\/2018\/07\/29\/egypt-accounted-for-nearly-half-of-the-ifcs-mena-investments-in-fy2017-18\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/29\/egypt-accounted-for-nearly-half-of-the-ifcs-mena-investments-in-fy2017-18\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt accounted for nearly half of the IFC\u2019s MENA investments in FY2017-18\",\"datePublished\":\"2018-07-29T04:12:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/29\/egypt-accounted-for-nearly-half-of-the-ifcs-mena-investments-in-fy2017-18\/\"},\"wordCount\":211,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/29\/egypt-accounted-for-nearly-half-of-the-ifcs-mena-investments-in-fy2017-18\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/29\/egypt-accounted-for-nearly-half-of-the-ifcs-mena-investments-in-fy2017-18\/\",\"name\":\"Egypt accounted for nearly half of the IFC\u2019s MENA investments in FY2017-18 - 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The organization provided USD\u2026","rel":"","context":"In "Speed Round"","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":625603,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/09\/ifc-funding-to-egypt-hits-new-record-of-usd-1-2-bn-in-fy2017-18\/","url_meta":{"origin":627301,"position":1},"title":"IFC funding to Egypt hits new record of USD 1.2 bn in FY2017-18","author":"enterpriseam admin","date":"9 August 2018","format":false,"excerpt":"IFC funding to Egypt hits new record of USD 1.2 bn in FY2017-18: Funding to Egypt from the International Finance Corporation (IFC) reached a new record with USD 1.2 bn in new financing doled out in the FY2017-18 fiscal year, which ended in June, according to a statement from the\u2026","rel":"","context":"In "Speed Round"","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":641072,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/12\/ifc-committed-usd-1-7-bn-in-funding-to-mena-private-sector-projects-in-fy2016-17\/","url_meta":{"origin":627301,"position":2},"title":"IFC committed USD 1.7 bn in funding to MENA private-sector projects in FY2016-17","author":"enterpriseam admin","date":"12 September 2017","format":false,"excerpt":"IFC committed USD 1.7 bn in funding to MENA private-sector projects in FY2016-17: The World Bank Group\u2019s International Finance Corporation (IFC) announced yesterday (pdf) that it committed USD 1.7 bn to private-sector projects in the MENA region in the fiscal year ended on 30 June. The amount \u2014 which exceeds\u2026","rel":"","context":"In "Speed Round"","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":599785,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/10\/ifc-aims-to-invest-usd-5-bn-in-egypt-over-the-next-5-years\/","url_meta":{"origin":627301,"position":3},"title":"IFC aims to invest USD 5 bn in Egypt over the next 5 years","author":"enterpriseam admin","date":"10 January 2019","format":false,"excerpt":"INVESTMENT WATCH- Meanwhile, the World Bank\u2019s International Finance Corporation (IFC) aims to invest USD 5 bn in Egypt over the next 5 years, at an average rate of USD 1 bn per annum, IFC MENA Regional Director Mouayed Makhlouf said, according to Al Mal. The investments are expected to target\u2026","rel":"","context":"In "Speed Round"","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":638254,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/01\/egypt-could-see-usd-1-bn-in-funding-from-the-ifc-this-financial-year\/","url_meta":{"origin":627301,"position":4},"title":"Egypt could see USD 1 bn in funding from the IFC this financial year","author":"enterpriseam admin","date":"1 October 2017","format":false,"excerpt":"Egypt could see USD 1 bn in funding from the IFC this fiscal year: Egypt will be the key beneficiary of a 20% increase in funding the International Finance Corporation (IFC) is planning to provide to the MENA region this year, said the IFC\u2019s MENA director Mouayed Makhlouf. The IFC\u2026","rel":"","context":"In "Speed Round"","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":628675,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/10\/the-ifc-plans-to-invest-another-usd-1-5-bn-in-egypts-private-sector-this-year\/","url_meta":{"origin":627301,"position":5},"title":"The IFC plans to invest another USD 1.5 bn in Egypt\u2019s private sector this year","author":"enterpriseam admin","date":"10 May 2018","format":false,"excerpt":"INVESTMENT WATCH- The IFC confirms it plans to invest another USD 1.5 bn in Egypt\u2019s private sector this year. The International Finance Corporation (IFC) officially confirmed in a statement that it has allocated USD 1.5 bn in new funding for the private sector in FY2018-19. 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