Latest in Highlight
Latest in
EBRD increases annual funding for 2021-2025 economic recovery plan to €13bn
Bank’s new strategy will focus on accelerating post-COVID-19 recovery, strengthening private sector through increased share in investments
EBRD shareholders elect France’s Odile Renaud-Basso as next president
Egypt became EBRD largest market for investment for the second year in a row, with investments reaching €1.2bn in 23 projects, says Rania Al-Mashat
EBRD to grant $250m sovereign loan to Egypt’s APC
The loan will exclusively finance a package of energy and water efficiency investments to modernise and upgrade the APC’s refinery with processes capable of producing higher value added products.
Egypt’s International Cooperation Minister participates in EBRD annual meeting discussing 2021-2025 Strategy
The virtual event will also announce the election of the EBRD’s new president, after the end of Suma Chakrabarty’s term.
Egypt to see 2020 growth drop to 2%, rebound to 5% in 2021: EBRD
Country is only economy across all EBRD regions likely to escape recession in 2020
EBRD grants $50m to boost LCP Fund II
Fund to focus on small- and medium-sized enterprises in Egypt
UNWTO, EBRD join forces on post-COVID-19 sustainable tourism recovery
Green Technology Selector identifies more than 26,000 green technologies that benefit from EBRD support
EBRD grants Orascom Construction $25m working capital loan
Loan aims to support company’s working capital requirements
EBRD invests in 16 projects in Egypt this year: Acting President
Egypt’s International Cooperation Minister and ERBD unveil 2021-2025 Economic Recovery Plan to push for green, inclusive, and digitalised future
EBRD grants $14m equity loan, co-finances $40m for Egypt’s Kom Ombo solar plant
Project will add 200 MW of renewable energy to national electricity grid capacity
EBRD grants Olam International Limited $200m loan to strengthen agribusiness
Bank grants finance to strengthen agribusiness value chain, trade across Eastern Mediterranean, Eastern Europe, and Black Sea regions
EBRD grants $100m to Banque Misr under Trade Facilitation Program
Banque Misr got another $100m loan that will be on-lent to local SMEs, corporates
EBRD approves $100m solidarity loan to Egypt’s Banque Misr
Proceeds of proposed loan will be on-lent to local SMEs, corporates
EBRD approves $50m loan for Gulf of Suez wind farm
The plant is to be located in the Gulf of Suez, approximately 40 km north-west of Ras Ghareb.
EBRD provides $12m for Hyatt Regency hotel development in West Cairo
The EBRD said that the project aims to support sustainable developments in Egypt’s tourism sector, which has been particularly badly affected by the novel coronavirus (COVID-19) pandemic.
Egypt receives €459m in EBRD investments in H1 of 2020
This compares to the €166m granted to Egypt EBRD in 2019, as it rapidly responded to the needs of emerging economies grappling with the impacts of the novel coronavirus (COVID-19) pandemic.
EBRD to invest EGP 1.5bn in NUCA bond issuance
Bank has leant its support to Egypt’s largest local currency bond issuance
EU grants €24.8m for EBRD’s Green Energy Financing Facility in Egypt
Facility focuses on renewable energy investments through private sector loans from local financial institutions
EBRD, UNWTO join forces to boost tourism recovery
The rapid spread of the novel coronavirus (COVID-19) has had a significant impact on many sectors of the global economy, with tourism being among the hardest hit.
EBRD grants NBE $200m financing package to support Egypt’s private sector
NBE committed to minimising economic, financial impact of COVID-19 on Egyptian economy and our customers in particular, says bank’s chairperson
EBRD, Oxfam sign MoU to strengthen community resilience
The MoU ensures the two entities join forces to strengthen the communities in which they work and to promote sustainable civil societies in light of the coronavirus (COVID-19) pandemic.
Parliament approves $50m EBRD agreement for energy efficiency improvement
Agreement supports Egypt’s transformation into regional energy hub, says Minister Al-Mashat
Egypt wins at EBRD’s 2020 Sustainability Awards
Awards were granted to Egypt in recognition of outstanding efforts in sustainable energy, gender, and inclusion
NBK Egypt to on-lend $100m EBRD loan to private firms needing short-term financing
Egypt, EBRD partnership responds to liquidity needs for SMEs, corporates experiencing economic slowdown or increased capacity needs due to COVID-19, says Minister Al-Mashat
EBRD launches online learning hub for MSMEs
New platform to provide crisis management advice to help over 10,000 companies in 30 countries
COVID-19 threatens Egypt’s 2020 GDP growth: EBRD
Economy will see rebound of 5.2% in 2021, following sharp decline in previous year due to virus
EBRD grants $100m senior loan to QNB Alahli to support local businesses
EBRD ready to dedicate €21bn over 2020/2021 to combat economic impacts of coronavirus crisis
EBRD appoints new Director for Eastern Mediterranean region
Ter Woort had served as bank’s first Director, Head of Egypt in 2013
EBRD committed to Egypt’s tourism support despite COVID-19
€200m framework for tourism’s private sector to be approved within two years, says Hamza
EBRD explores ways to protect Egyptian economy from COVID-19 fallout
Bank receives several inquiries on its solidarity package details, says country deputy head