{"id":702760,"date":"2026-05-17T00:00:00","date_gmt":"2026-05-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?p=702760"},"modified":"2026-05-17T02:42:05","modified_gmt":"2026-05-17T02:42:05","slug":"built-to-last-the-people-behind-50-years-of-ifc-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/05\/17\/built-to-last-the-people-behind-50-years-of-ifc-in-egypt\/","title":{"rendered":"Built to last: the people behind 50 years of IFC in Egypt"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fifty years is a long time to stay invested in one idea: private sector-led growth is built<\/strong><strong> one business, one market, and one job at a time. <\/strong>IFC\u2019s partnership with Egypt began with a USD 5 mn stake in a ceramics factory outside Cairo and has grown into more than USD 10 bn across nearly 300 projects. That work sits within a broader World Bank Group commitment of more than USD 40 bn to Egypt, where World Bank policy and project support, IFC private-sector financing, and MIGA guarantees have worked together to attract investors and help markets grow.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The numbers set the scale. The people explain why it matters.<\/strong> In Beni Suef, Azza Ibrahim saw a busy government street and turned a small printer into a stationery business, with financing through ZAAT, Banque Misr\u2019s women-focused program designed with IFC support. Further east, in Ras Ghareb, electrical engineer Kholoud Moustafa Bakry found her place in a different kind of energy economy at the West Bakr Wind Farm, in a city long defined by oil.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Some outcomes need decades to show their full meaning.<\/strong> Essam arrived at El Gouna as its first security guard when the Red Sea destination was still a construction site. Thirty years later, the desert had become a city with more than 25k residents and workers, its own utilities, schools, and hospitals \u2014 and his children now work there too. IFC first backed Orascom\u2019s vision for El Gouna in 1997, then returned in 2025 with Egypt\u2019s first sustainability-linked loan by a tourism company.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Other foundations of opportunity are less visible, but no less important. <\/strong>IFC advisory helped establish I-Score, Egypt\u2019s first private credit bureau, giving lenders a way to assess borrowers\u2019 credit history and helping scale the formal credit market. It later backed Fawry, then a startup testing whether Egyptians would trust payment terminals in neighborhood stores. Today, Fawry processes 2.5 mn transactions a day, serves more than 35 mn Egyptians, and became the first Egyptian fintech to list on the national stock exchange.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>That is how job creation becomes more than a headline metric. <\/strong>It shows up when a shop opens, a technician is trained, a delivery route expands, a tourism city takes root, and businesses gain access to the systems they need to grow. Across these examples, the point is what lasts: businesses, careers, sectors, and the infrastructure that keeps opportunity moving.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/estudio\/ifc-50-year-anniversary\/\" style=\"\">Click here to read the full story<\/a><\/strong><strong>.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fifty years is a long time to stay invested in one idea: private sector-led growth is built one business, one market, and one job at a time. IFC\u2019s partnership with Egypt began with a USD 5 mn stake in a ceramics factory outside Cairo and has grown into more than USD 10 bn across nearly [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":702761,"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":[12680],"tags":[12679,72,759],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-702760","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-a-message-from-ifc-egypt","tag-a-message-from-ifc-egypt","tag-enterpriseam","tag-international-finance-corporation","wpautop","entry"],"acf":{"mongo_id":"1cd78bb2-2b5d-4dca-8d2a-ff05edc7e7fd","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2026\/5\/894.jpeg","photo_position":"above","homepage_title":"","full_issue_title":"Built to last: the people behind 50 years of IFC in Egypt","related_issue":[702750],"teaser":""},"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>Built to last: the people behind 50 years of IFC in Egypt - 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\/2026\/05\/17\/built-to-last-the-people-behind-50-years-of-ifc-in-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Built to last: the people behind 50 years of IFC in Egypt\" \/>\n<meta property=\"og:description\" content=\"Fifty years is a long time to stay invested in one idea: private sector-led growth is built one business, one market, and one job at a time. 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The investments are expected to target\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":563018,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/15\/ifc-could-invest-usd-300-mn-in-healthcare\/","url_meta":{"origin":702760,"position":2},"title":"IFC could invest USD 300 mn in healthcare","author":"enterpriseam admin","date":"15 June 2021","format":false,"excerpt":"New IFC funding for healthcare in the works? The International Finance Corporation (IFC) is considering lending another USD 300 mn to healthcare companies in Egypt, Country Manager Walid Labadi told Hapi Journal. Labadi did not disclose who the IFC is talking to, in which sectors, or when it might pull\u2026","rel":"","context":"In &quot;HEALTH&quot;","block_context":{"text":"HEALTH","link":"https:\/\/enterpriseam.com\/egypt\/category\/health\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/6\/203.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":570734,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/13\/ifc-commits-usd-20-mn-to-egypt-north-africa-focused-pe-fund-spe-aif-i\/","url_meta":{"origin":702760,"position":3},"title":"IFC commits USD 20 mn to Egypt, North Africa-focused PE fund SPE AIF I","author":"enterpriseam admin","date":"13 April 2020","format":false,"excerpt":"IFC commits USD 20 mn to North Africa-focused PE fund: The International Finance Corporation (IFC) is committing USD 20 mn to Egypt- and North Africa-focused private equity fund SPE AIF I as its seeks to \u201cboost growth in MENA amid economic disruption,\u201d the IFC said in a press release (pdf).\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":571135,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/30\/spotlight-walid-labadi-egypt-country-manager-at-the-international-finance-corporation-on-investment-in-the-corona-era\/","url_meta":{"origin":702760,"position":4},"title":"Spotlight: Walid Labadi, Egypt country manager at the International Finance Corporation, on investment in the corona era","author":"enterpriseam admin","date":"30 April 2020","format":false,"excerpt":"What\u2019s a private equity investor to do in the time of covid-19? The International Finance Corporation has ideas. Earlier this month, the International Finance Corporation (IFC) announced a USD 20 mn investment in SPE AIF I, an Egypt and North Africa-focused PE fund managed by SPE Capital Partners. In SPE,\u2026","rel":"","context":"In &quot;Spotlight&quot;","block_context":{"text":"Spotlight","link":"https:\/\/enterpriseam.com\/egypt\/category\/explainers\/spotlight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/4\/264.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":588907,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/19\/ifc-to-advise-govt-on-state-privatization-program\/","url_meta":{"origin":702760,"position":5},"title":"IFC to advise gov\u2019t on state privatization program","author":"enterpriseam admin","date":"19 June 2023","format":false,"excerpt":"The IFC plans to double its commitment to Egypt for the next year","rel":"","context":"In &quot;Privatization&quot;","block_context":{"text":"Privatization","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/privatization-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/6\/895.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\/702760","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=702760"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/702760\/revisions"}],"predecessor-version":[{"id":702797,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/702760\/revisions\/702797"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/702750"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/702761"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=702760"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=702760"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=702760"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=702760"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=702760"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}