{"id":650605,"date":"2017-03-28T04:01:09","date_gmt":"2017-03-28T04:01:09","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/28\/ifc-lends-aaib-usd-100-mn-to-support-smes\/"},"modified":"2017-03-28T04:01:09","modified_gmt":"2017-03-28T04:01:09","slug":"ifc-lends-aaib-usd-100-mn-to-support-smes","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/28\/ifc-lends-aaib-usd-100-mn-to-support-smes\/","title":{"rendered":"IFC lends AAIB USD 100 mn to support SMEs"},"content":{"rendered":"

<\/a> The IFC announced providing the Arab African International Bank (AAIB) with a <\/strong>USD 100 mn loan to help it scale up lending to SMEs<\/strong> \u201cand build its sustainable energy finance portfolio in response to increased energy bills for many companies and SMEs.\u201d About half of the loan is earmarked for increasing SME loans. The other half will go towards \u201cintroducing credit lines that support energy efficiency, helping businesses that need to make capital investments to refurbish or renovate existing operations to reduce energy costs.\u201d Mouayed Makhlouf, IFC Regional Director for MENA says \u201cthis loan will help a strong bank increase its reach to smaller businesses and encourage other financial institutions to follow suit, while also helping to boost energy efficiency in Egypt.\u201d You can read the press release here (pdf)<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The IFC announced providing the Arab African International Bank (AAIB) with a USD 100 mn loan to help it scale up lending to SMEs \u201cand build its sustainable energy finance portfolio in response to increased energy bills for many companies and SMEs.\u201d About half of the loan is earmarked for increasing SME loans. The other […]<\/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-650605","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"0c9b4daa-778b-49f9-89a9-d635ce79e13f","order":"0","is_powered_by":true,"section_story_id":"035d8089-b801-45a5-a779-6c7ea882e43e","story_type":"1","photo_url":"","photo_position":"above","related_issue":[650591],"teaser":"","voice_url":""},"yoast_head":"\nIFC lends AAIB USD 100 mn to support 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\/2017\/03\/28\/ifc-lends-aaib-usd-100-mn-to-support-smes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IFC lends AAIB USD 100 mn to support SMEs\" \/>\n<meta property=\"og:description\" content=\"The IFC announced providing the Arab African International Bank (AAIB) with a USD 100 mn loan to help it scale up lending to SMEs \u201cand build its sustainable energy finance portfolio in response to increased energy bills for many companies and SMEs.\u201d About half of the loan is earmarked for increasing SME loans. The other […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/28\/ifc-lends-aaib-usd-100-mn-to-support-smes\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-03-28T04:01:09+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\/2017\/03\/28\/ifc-lends-aaib-usd-100-mn-to-support-smes\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/28\/ifc-lends-aaib-usd-100-mn-to-support-smes\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"IFC lends AAIB USD 100 mn to support SMEs\",\"datePublished\":\"2017-03-28T04:01:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/28\/ifc-lends-aaib-usd-100-mn-to-support-smes\/\"},\"wordCount\":137,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/28\/ifc-lends-aaib-usd-100-mn-to-support-smes\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/28\/ifc-lends-aaib-usd-100-mn-to-support-smes\/\",\"name\":\"IFC lends AAIB USD 100 mn to support SMEs - 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The proceeds will allow NBE to open a 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":575241,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/07\/ifc-commits-usd-25-mn-in-lorax-capitals-new-smes-private-equity-fund\/","url_meta":{"origin":650605,"position":3},"title":"IFC commits USD 25 mn in Lorax Capital's new SMEs private equity fund","author":"enterpriseam admin","date":"7 October 2020","format":false,"excerpt":"PRIVATE EQUITY WATCH- The International Finance Corporation (IFC) has committed USD 25 mn to Lorax Capital\u2019s SME-focused PE fund, LCP II, it said in a statement (pdf) overnight. The fund, managed by Egyptian private equity outfit Lorax Capital Partners, has already secured commitments of c. 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