Doaa Moneim – Ahram Online “A consortium of investors comprising of Amethis, the European Bank for Reconstruction and Development (EBRD) and SPE Capital have acquired a majority stake in Egypt-based GlobalCorp, a non-banking financial services provider”, the parties announced in a joint statement on Tuesday. Established in 2015, GlobalCorp is …
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EBRD VP affirms support of green transformation and COP27 in Egypt
Doaa Moneim – Ahram Online “The European Bank for Reconstruction and Development (EBRD) supports Egypt’s efforts accelerating green transformation and investment ahead of it hosting the UN Climate Change Conference 2022 (COP27) in November”, said EBRD’s Vice President for Policy and Partnerships Mark Bowman. Bowman spoke to Ahram Online during …
Read More »EBRD Egypt launch 2022-2027 country strategy
Doaa Moneim – Ahram Online The Egyptian Ministry of International Cooperation and the European Bank for Reconstruction and Development (EBRD) launched on Sunday the new country strategy for Egypt for the upcoming five years (2022-2027). The plan was revealed at an event organised by the Ministry of International Cooperation in …
Read More »$340M EBRD funding to Egyptian private energy green bonds
Doaa Moneim – Ahram Online The European Bank for Reconstruction and Development (EBRD) will support the Egyptian private renewable energy sector with $340 Million, an announcement was made on Sunday. EBRD said that it will dedicate a total of $130 Million for green bond issuance in the Egyptian private energy …
Read More »The merits of desalination
Outlining how desalination can help stave off Egypt’s looming water crisis. Beatrice Maser and Heike Harmgart* For millennia and in most years the Nile has provided enough water to support the people who call its banks their home. But even the world’s longest river has its limits, and they are …
Read More »Kom Ombo solar plant receives $114M financial package
Egypt Independent The European Bank for Reconstruction and Development (EBRD), the OPEC Fund for International Development (the OPEC Fund), the African Development Bank (AfDB), the Green Climate Fund (GCF) and Arab Bank signed a US$114 Million financing package with ACWA Power for the construction of the largest private solar plant …
Read More »Egyptian start-up ‘1Trolley’ wins EBRD Start-up Innovation Challenge
Cairo – Times of Egypt Egyptian start-up delivery service ‘1Trolley’ was named by the European Bank for Reconstruction and Development (EBRD) a winner of ‘The Start-up Innovation Challenge’ on Thursday. The EBRD initiated the ‘The Start-up Innovation Challenge’, as its first online competition for high potential start-up ventures. The challenge …
Read More »EBRD contribute €1M towards 10th of Ramadan city dry port
Doaa Moneim – Ahram Online The European Bank for Reconstruction and Development (EBRD) has announced that it provided Egypt with a €1 Million contribution for the construction of a dry port and logistics centre in 10th of Ramadan City. “The sum will be used in the preparation and execution of …
Read More »EBRD provides $12M loan to Egyptian tourism sector
Doaa Moneim – Ahram Online “The European Bank for Reconstruction and Development (EBRD) announced that it provided Egypt with $12 Million loan to support the tourism sector”, a statement by the bank indicated. “The sum loan is extended to ‘Al-Dau Al-Haram Hotel Operations’ for the regeneration of a brownfield site into …
Read More »EBRD invests $4.2M in Egyptian renewable energy
Doaa Moneim – Ahram Online “The European Bank for Reconstruction and Development (EBRD) has provided an initial $4.2 Million loan to TAQA PV for Solar Energy, TAQA Arabia’s renewable energy subsidiary”, according to statement by EBRD on Thursday. “The loan will promote the expansion of renewable energy in Egypt by …
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