{"id":633584,"date":"2024-07-17T00:00:00","date_gmt":"2024-07-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/17\/ebrd-extends-usd-130-mn-loan-to-coca-cola-hbc-egypt\/"},"modified":"2024-07-17T00:00:00","modified_gmt":"2024-07-17T00:00:00","slug":"ebrd-extends-usd-130-mn-loan-to-coca-cola-hbc-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/17\/ebrd-extends-usd-130-mn-loan-to-coca-cola-hbc-egypt\/","title":{"rendered":"EBRD extends USD 130 mn loan to Coca-Cola HBC Egypt"},"content":{"rendered":"

EBRD funnels some USD 130 mn into the private sector: <\/strong>The European Bank for Reconstruction and Development (EBRD) is extending a USD 130 mn loan to Coca-Cola HBC Egypt \u2014 a major bottling partner of The Coca-Cola Company \u2014 to finance the company\u2019s capex and working capital requirements, according to statements from the two parties here<\/a> and here<\/a>. The loan comes as part of the EBRD\u2019s efforts to boost \u201cthe competitiveness and growth of Egypt\u2019s private sector.\u201d<\/p>\n

In detail: <\/strong>Coca-Cola HBC will use the funds to invest in water and energy efficiency, renewable energy, energy-efficient equipment, sustainable packaging, and digital innovation, the company said. It will also invest in its <\/span>YouthEmpowered<\/a> and She Leads training programs to empower young people and women in the workforce.<\/span><\/p>\n

A USD 750k grant to boot:<\/strong> The loan will be complemented by a USD 750k grant from multilateral environmental fund Global Environment Facility<\/a> (GEF) \u201cto promote the implementation of advanced wastewater treatment technology and water management systems in Egypt as per EU discharge standards.\u201d The grant will be provided under the Environmental Technology Transfer programme<\/a> \u2014 a joint initiative by the EBRD, GEF, and UNEP that aims to reduce pollution in the Mediterranean Sea. <\/p>\n

What they said: <\/strong>\u201cThe new financing will also help alleviate water pollution by promoting advanced wastewater treatment technology as well as fostering inclusion by increasing employment and training for Egyptian youth, benefiting the local economy,\u201d the EBRD Managing Director for the Southern and Eastern Mediterranean Heike Harmgart said. <\/p>\n","protected":false},"excerpt":{"rendered":"

The loan will be complemented by a USD 750 grant<\/p>\n","protected":false},"author":1,"featured_media":633585,"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":[7274],"tags":[88,571,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-633584","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-debt-watch","tag-ebrd","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"2b2e5f07-39b5-4360-a2d3-7d064e4d4752","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/7\/1301.jpg","photo_position":"above","homepage_title":"","full_issue_title":"EBRD extends USD 130 mn loan to Coca-Cola HBC Egypt","related_issue":[633574],"teaser":"The loan will be complemented by a USD 750 grant","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.3ad04888-c8dc-435a-9037-31bd4eaa740e.mp3"},"yoast_head":"\nEBRD extends USD 130 mn loan to Coca-Cola HBC Egypt - 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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":593050,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/17\/hassan-allam-signs-usd-20-mn-loan-with-ebrd-for-investments-in-egypts-water-wastewater-sector\/","url_meta":{"origin":633584,"position":3},"title":"Hassan Allam signs USD 20 mn loan with EBRD for investments in Egypt\u2019s water, wastewater sector","author":"enterpriseam admin","date":"17 November 2019","format":false,"excerpt":"Hassan Allam signs USD 20 mn loan with EBRD for water, wastewater investments: The European Bank for Reconstruction and Development (EBRD) and Hassan Allam Holding signed on Thursday a USD 20 mn loan agreement for the construction firm to expand its investments in Egypt\u2019s water and wastewater treatment sector, according\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\/2019\/11\/1888.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":560934,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/18\/banque-du-caire-gets-usd-100-mn-ebrd-loan-for-smes-trade-finance\/","url_meta":{"origin":633584,"position":4},"title":"Banque du Caire gets USD 100 mn EBRD loan for SMEs + trade finance","author":"enterpriseam admin","date":"18 March 2021","format":false,"excerpt":"Egyptian MSMEs will have access to USD 50 mn worth of financing through Banque du Caire, which is getting a USD 100 mn loan from the European Bank for Reconstruction and Development (EBRD) to support the Egyptian economy, the bank said in a press release(pdf). USD 50 mn of the\u2026","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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":578188,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/19\/ebrd-lends-usd-40-mn-to-angel-yeast-to-up-local-production\/","url_meta":{"origin":633584,"position":5},"title":"EBRD lends USD 40 mn to Angel Yeast to up local production","author":"enterpriseam admin","date":"19 December 2022","format":false,"excerpt":"The European Bank for Reconstruction and Development (EBRD) is lending USD 40 mn to the Egyptian branch of China-based yeast maker Angel Yeast. The loan will help the Shanghai-listed conglomerate to up local production of yeast products for export, helping Egypt \u201cattract much-needed foreign direct investment (FDI) to the agribusiness\u2026","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\/2022\/12\/386.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/633584","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=633584"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/633584\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/633574"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/633585"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=633584"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=633584"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=633584"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=633584"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=633584"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}