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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 …

El Husseiny Hassan

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, …

Shaimaa Al-Aees

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 …

Hisham Salah

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