{"id":672001,"date":"2025-09-17T00:00:00","date_gmt":"2025-09-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/09\/17\/gobus-secures-eur-10-6-mn-from-the-ebrd-to-expand-and-electrify-fleet\/"},"modified":"2025-09-17T00:00:00","modified_gmt":"2025-09-17T00:00:00","slug":"gobus-secures-eur-10-6-mn-from-the-ebrd-to-expand-and-electrify-fleet","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/09\/17\/gobus-secures-eur-10-6-mn-from-the-ebrd-to-expand-and-electrify-fleet\/","title":{"rendered":"GoBus secures EUR 10.6 mn from the EBRD to expand and electrify fleet"},"content":{"rendered":"

GoBus lands loan to expand and electrify its fleet:<\/strong> Egypt\u2019s first private inter-city bus travel company GoBus<\/a> secured a EUR 10.6 mn loan from the European Bank for Reconstruction and Development (EBRD) to \u201cexpand its operations and renew its fleet,\u201d the lender said on its website<\/a>. The facility is backed by a 10% first-loss risk cover from the European Union through its European Fund for Sustainable Development Plus (EFSD+).<\/p>\n

(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n

Where\u2019s the money going? <\/strong>The fresh funds will finance the purchase of up to 30 new inter-city buses, six electric microbuses for shorter routes, and three other electric vehicles for intra-city journeys. This \u201cwill provide a cleaner, more sustainable alternative, easing congestion and reducing emissions, with strong potential for replication across Egypt\u2019s governorates,\u201d the lender said. <\/p>\n

Technical assistance and grants:<\/strong> Alongside the loan, the EBRD will offer GoBus a comprehensive technical cooperation package, covering the legal aspects of the project. Also, a grant will be provided under the EU\u2019s EFSD+ Municipal, Infrastructure and Industrial Resilience program to support corporate governance at GoBus.<\/p>\n

That\u2019s not all:<\/strong> The project will also fund training for new fleet drivers, focused on preventing and responding to gender-based violence and harassment \u2014 an effort aimed at tackling safety risks in Egypt\u2019s transport system. A UN study cited by the EBRD found that more than 86% of women reported feeling unsafe while using public transport, highlighting the need for stronger safeguards.<\/p>\n

CORRECTION-<\/strong> The original version of this story said that the 30 new inter-city buses would be electric. A reader in the sector got in contact to tell us this is not the case. We have amended the story to reflect this.<\/p>\n

IN OTHER DEBT NEWS-<\/p>\n

Ollin closes EGP 2.6 bn securitized bond issuance:<\/strong> GlobalCorp\u2019s consumer and mortgage financing arm, Ollin, has completed a EGP 2.59 bn securitized bond issuance, according to a statement (pdf)<\/a> from Arab African International Bank (AAIB), which led the issuance.<\/p>\n

ADVISORS-<\/strong> AAIB acted as financial advisor, lead arranger, general coordinator, issuance manager, promoter, underwriter, and custodian. The transaction was executed in collaboration with Al Ahly Pharos.<\/p>\n","protected":false},"excerpt":{"rendered":"

The package will help GoBus finance the purchase of new buses, electric micro-buses, and intra-city vehicles<\/p>\n","protected":false},"author":1,"featured_media":672002,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7106,88,571,72,207],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-672001","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-debt","tag-debt-watch","tag-ebrd","tag-enterpriseam","tag-transport","wpautop","entry"],"acf":{"mongo_id":"76a1f2e3-48bc-4e6d-ad49-442fa2bafe70","order":"10","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/9\/979.jpg","photo_position":"above","homepage_title":"","full_issue_title":"GoBus 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EUR 10 mn loan in 2022 that funded the purchase of the auto group\u2019s first 250 electric cabs","rel":"","context":"In "Automotive"","block_context":{"text":"Automotive","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/automotive\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/816.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":547464,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/22\/abou-ghaly-could-get-egp-175-mn-from-ebrd-to-electrify-london-cab-fleet\/","url_meta":{"origin":672001,"position":1},"title":"Abou Ghaly could get EGP 175 mn from EBRD to electrify London Cab fleet","author":"enterpriseam admin","date":"22 June 2022","format":false,"excerpt":"Abou Ghaly looks to EBRD for EV funding: Abou Ghaly Motors (AGM) could receive up to EGP 175 mn (EUR 9 mn) from the European Bank for Reconstruction and Development (EBRD) to fund the acquisition of electric vehicles (EVs), according to the lender\u2019s website.The money will finance the electrification of\u2026","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":549300,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/12\/ebrd-to-help-egypt-wind-down-gas-fired-power-plants\/","url_meta":{"origin":672001,"position":2},"title":"EBRD to help Egypt wind down gas-fired power plants","author":"enterpriseam admin","date":"12 September 2022","format":false,"excerpt":"More details on EBRD clean energy funding: The European Bank for Reconstruction and Development (EBRD) will provide USD 300 mn in funding to Egypt to help it decommission 5 GW of gas-fired power plants from 2023, Heike Harmgart, the bank\u2019s managing director for the Southern and Eastern Mediterranean, told 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Raya Holding\u2019s frozen fruits and vegetables production unit will use the funds to build a new storage house\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-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":592803,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/06\/egypts-misr-travel-seeks-egp-150-mn-loan-from-ebrd\/","url_meta":{"origin":672001,"position":4},"title":"Egypt\u2019s Misr Travel seeks EGP 150 mn loan from EBRD","author":"enterpriseam admin","date":"6 November 2019","format":false,"excerpt":"The Holding Company for Tourism and Hotels subsidiary Misr Travel is in talks to borrow EGP 150 mn from the European Bank for Reconstruction and Development (EBRD) to finance the renewal of its tourist transport fleet, according to the local press. The company aims to buy 50 new tourist buses\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-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":646645,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/20\/enr-to-get-eur-290-mn-facility-from-ebrd-to-finance-fleet-upgrade\/","url_meta":{"origin":672001,"position":5},"title":"ENR to get EUR 290 mn facility from EBRD to finance fleet upgrade","author":"enterpriseam admin","date":"20 June 2017","format":false,"excerpt":"It\u2019s a good week for the Egyptian National Railway, which is getting EUR 290 mn from the EBRD to finance its fleet upgrade. In the latest sign the Ismail government is taking rail transport seriously, ENR is getting EUR 290 mn in financing from the European Bank for Reconstruction and\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/672001","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=672001"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/672001\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/671984"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/672002"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=672001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=672001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=672001"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=672001"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=672001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}