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IFC does not yet wish to sell its stake in AlexBank
International Finance Corporation (IFC), the World Bank Group’s investment arm, has shown no interest in selling its 9.25% stake in the Bank of Alexandria (AlexBank), a member of the Intesa Sanpaolo Group, up until now. Walid Labadi, IFC country manager for Egypt, Libya, and Yemen, said that the IFC will announce its intention to sell …
IFC to support DBACD in effort to grow microfinance in Egypt
The International Finance Corporation (IFC) will support the Dakahlya Businessmen Association for Community Development (DBACD) as it scales up its lending operations and caters to borrowers who seek larger loans, according to a press statement issued on Sunday. The IFC, a member of the World Bank Group, said it will provide advisory services to a …
IFC plans to launch new credit line for banks to finance SMEs in Egypt
Corporation negotiating with major companies in Egypt to increase female labour, says gender specialist
IFC loans CIB $100m
The International Finance Corporation (IFC) signed an agreement on Tuesday with the Commercial International Bank (CIB) to fund it with $100m. This funding is considered the first supporting loan provided by the IFC to a local bank. This came after the recent regulations approved by the Central Bank of Egypt (CBE) allowing international finance institutions …
IFC, MIIC sign letter of intent to develop Egypt’s National Investment Attraction strategy
International Finance Corporation (IFC) Regional Director Mouayed Makhlouf and Minister of Investment and International Cooperation (MIIC) Sahar Nasr signed on Monday a letter of intent to develop Egypt’s National Investment Attraction and Retention strategy during a signing ceremony. IFC intends to provide the necessary analysis on Foreign Direct Investment (FDI), institutional framework, and investment incentives, …
IFC to provide fund of $ 1.5bn for Egypt in FY19
IFC seeks financing two logistics projects in Egypt, says Vice President
AFC signs Master Cooperation Agreement with IFC
AFC believes in the cooperation effectiveness in accelerating infrastructure development, says president and CEO of AFC
IFC, Switzerland sign agreement to expand financing women across MENA
Women own over 300,000 SMEs in MENA, which is about a third of SMEs of the region, says IFC
IFC injects new investments in Egypt worth $150m: Nasr
The minister said MIGA will re-enter the Egyptian market through providing guarantees worth $210m
Egypt back on investment map: IFC
IFC’s commitments in Egypt close to $1bn, says IFC director for the Middle East and North Africa
IFC allocated $1.7bn in MENA in FY 2017 to support economic growth
IFC’s finance increased by 30% in FY 2017 compared to FY 2016
IFC invests $26.2m in funding startups across region
The International Finance Corporation (IFC), which recently took part in the $2.5m fund that was raised by Palestine’s Ibtikar, is heavily investing in a number of startups across the MENA region. Part of the World Bank Group, IFC has reached a total sum of $26.2bn of investments in Arab-based startups. In addition to its investment …
IFC invests $26.2bn in funding startups across MENA region
The International Finance Corporation (IFC), which recently took part in the $2.5m fund that was raised by Palestine’s Ibtikar, is heavily investing in a number of startups across the MENA region. Part of the World Bank Group, IFC has reached a total sum of $26.2bn in investments in Arab-based startups. In addition to its investment …
AXA signs shareholder agreement with IFC
Al-Borsa sat down with Gilbert Chahine, CEO of AXA Egypt, to discuss the economic environment in Egypt, its recent negotiations with several partners in the regional market and its move to enter the microinsurance business in Egypt. What do you think about the economic environment in Egypt? The flotation of the Egyptian currency has been …
Investment minister discusses increasing IFC finances
Egypt used $700m of its $2bn cooperation portfolio at the IFC between 2015 and April
IFC provides AAIB with $100m loan to support SMEs
The loan will enable AAIB to scale up its lending operations to smaller businesses
IFC CEO to visit Egypt on Wednesday to discuss cooperation
Executive vice president and CEO of the International Finance Corporation (IFC) Philippe Le Houérou will visit Egypt on Wednesday and Thursday for the first time. Houérou will meet Minister of International Cooperation Sahar Nasr and other governmental officials to discuss ways to increase cooperation between Egypt and the IFC. The meeting will discuss challenges and …
Ministry of Electricity sends power purchase agreement to international financers
IFC, EBRD to conclude review of contracts in 10 days, say sources
Renewable energy companies begin feed-in tariff 2nd phase negotiations
5 banking institutions, including IFC, EBRD, and EFD agree to finance projects
Egypt’s relations with IFC, EBRD are strategic, allegations about halting projects are untrue: International Cooperation Minister
The IFC has invested $1.3bn in the Middle East and North Africa to fight poverty and promote prosperity
Egypt needs regulations to become more business-friendly: IFC regional director
In 2016, the IFC invested a total of $352m in 7 projects across Egypt’s banking, manufacturing, infrastructure, and hospitality sectors
Lending efforts for VSEs remain inadequate: IFC
More than 5m formal VSEs exist in the Arab World, but only 10% of these are able to access the financing they need, says IFC
IFC to invest $25m in Carbon Holdings Limited
Partnership with the IFC, will boost the potential of Egypt’s chemicals sector
Sawiris, Kanoo, IFC sign agreement to acquire shares of AXA Investment Egypt
The parties expect to sign the final contract before 2016’s close: Al-Shabrawishi
SVI addresses IFC, EBRD, NBE to contribute to venture capital fund
The Ministry of Communications expressed its support for the company’s initiative to launch a fund to invest in start-ups in Egypt, according to Amin
IFC approves $144m loan to Egypt’s Sonker Bunkering Company
The financial loan package is jointly provided by the IFC, EBRD and CIB
IFC provides up to $50m to NBK-Egypt
IFC’s financing will help the bank meet the foreign currency requirements of Egypt’s medium-sized enterprises
IFC obtains 20% stake in Sphinx Glass
Purchase aims to boost employment opportunities at the company, says IFC
IFC provides power to 10.7 million MENA customers in 2014
IFC’s contribution to energy sector aided in raising the region’s capacity with an excess of 10,000 GW
Egypt, World Bank sign MoU to improve investment environment
The MoU is part of Egypt’s efforts to benefit from the World Bank’s expertise in developing the investment environment.