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AfDB, EIB sign action plan to fast-track development in Africa
The African Development Bank (AfDB) and the European Investment Bank (EIB) signed, on Wednesday, a joint partnership action plan highlighting their strengthened cooperation and mutual development priorities. The partnership also aims to showcase a strong shared emphasis on boosting public and private sector investment in Africa. The Joint Action Plan enables both institutions to grow …
EIB Group increases lending to Africa by 50% to €4.7bn
Group increases financing to €77bn to combat COVID-19, climate crisis in 2020
EIB invests $22m in first closing of LCP Fund II
LCP Fund II is a generalist private equity fund that primarily targets capital investments in small- and medium-sized enterprises (SMEs) and mid-market companies in Egypt.
EIB, NBE sign € 800m Financing Agreement to ensure resilient post-COVID-19 recovery for SMEs
In a statement, the minister added that the agreement between the two banks comes as part of a larger agreement approved by the EIB worth€1.9bn, where €1.1bn will be provided for the transport sector and €800m for SMEs.
Egypt, EIB discuss cooperation on transport, agriculture, health
Al-Mashat said meeting tackled how recently approved €1.1bn funding put towards financing 3 National Authority for Tunnels project
EIB, Afreximbank provide €300m in support to Africa’s COVID-19 response
Over 25% of funds dedicated to women in business and climate action
EIB grants €1.9bn to support Egypt’s public transport, business investment
The EIB has approved €16.6bn of new financing for projects across Europe and around the world. This includes over €10bn of coronavirus-related investment to improve public health, strengthen public services, and back investment by companies in sectors hit by the pandemic.
EIB approves €7.5bn global financing as part of pandemic response
€3.2bn aid goes to public health, elderly care, targeted business support
Banque du Caire, EIB sign $100m loan agreement to finance SMEs
Fayed also emphasised that Banque du Caire’s keenness to boost and diversify its foreign currency funding resources is directed at financing SMEs, which are a cornerstone in economic growth and sustainable development.
EIB, CEPI sign advisory agreement accelerating vaccines development
The partnership, delivered through the InnovFin Advisory programme, will see the EIB provide strategic financial advice and support to CEPI and its members on how best to accelerate vaccine development.
EIB part of far-reaching discussions to support Egypt through COVID-19: Dario Scannapieco
EIB offers additional funding for medical supplies, equipment needed according to Egypt’s crisis response
EIB contributes €5.2bn to non-EU COVID-19 fight
The EIB, a publicly owned bank whose shareholders are the EU member states, said the financing comes as part of the Team Europe response to the pandemic. It added that the funds are supported by guarantees from the EU budget.
EIB to create €25bn pan-European fund supporting European economy
EIB Group’s coronavirus response will support financing of up to 1.5% of Europe’s GDP
Egypt, EIB agree to invest in new sectors including climate change adaptation
Bank’s current portfolio exceeds €2.3bn
EIB Group financing increases by 13% to more than €72bn in 2019
Share of climate financing rises to 31% of EIB’s total
EIB to maximise support for clean energy investments
The Bank has provided more than €50bn for energy investment worldwide over the last 5 years
EIB invests €9.2bn in more than 100 projects in Egypt
A total of 27 contracts were signed for a total value €4bn from 2015 to 2019, with average amount per year was hence €800m, says Scannapieco
BM signs a loan agreement with the EIB worth € 500m to finance SMEs
Banque Misr’s portfolio of SMEs reaches EGP 26bn by the end of September 2019
EIB appoints Alfredo Abad as new Cairo office leader
“Abad’s previous experience covering multilateral development and external relations will make a significant contribution to reinforcing the effective engagement of the EIB as a leader financier in Egypt,” the EIB announced in a statement.
Cairo Water Week: The EIB supports water projects in Egypt with four projects since 2018
EIB grants Alexandria West Wastewater Treatment Plant with €20m, expected to be signed by year-end, says EIB’s Mashreq Unit head
EBRD, EIB, WBG conduct ‘Business Environment, Enterprises Performance Survey’
Survey to run in 40 countries, including Egypt, says EBRD’s Chief Economist
EIB confirms support for €498m transformational investment across Africa at Vienna summit
For transforming sustainable transport, EIB provides €350m for Cairo Metro
MSMEDA obtains €15m grant from EIB to fund infrastructure, community projects in 6 governorates
Projects benefit 2 million Giza, Alexandria, Sharqia, Menoufia, Port Said, Assiut inhabitants, creates 320,000 daily jobs
EIB provides €229m to support infrastructure in Egypt
Bank invests $11.3m in Sawari Ventures’ fund
EIB provides €521m to support Egypt’s private sector development in seven months
The Kitchener drain project with a fund of €214m is expected to be signed by the end of 2018 with increasing finance to the private sector with a fund of €375m, the European Investment Bank (EIB) Vice President Dario Scannapieco told Daily News Egypt.
Egypt has opportunity to transition to higher growth levels: EIB
EIB looks forward to sign Fayoum Wastewater Expansion Project, says vice president
EIB approves €1.8bn investments for Egypt, Jordan, Lebanon, Morocco, Tunisia
EU member states give €130m grant to create jobs, improve education, transport, water, energy
EIB expects further technical grants for Kafr El-Sheikh Wastewater Expansion project
Project’s total cost estimated at €163.5m, European Investment Bank providing about 47%
Approximately €200m construction cost of Alexandria West Wastewater Treatment Plant: EIB
EIB has long list of interesting projects under appraisal in transport, energy, environment, SMEs sectors, says Palanza
The Egyptian Banking Institute (EIB) is organising a seminar on financing green projects
The Research and Awareness Department at the EIB is organising a seminar for journalists on Wednesday, entitled “Financing Green Projects”. Hoda Sabri, a financial and banking expert, has worked for several years in foreign banks inside and outside Egypt in the fields of project finance and credit, branch management, investment and corporate finance, and small …