valU, a financial technology company in the MENA region, announced a partnership with El Kasrawy Group, one of Egypt’s major automotive groups and the exclusive agent for Jetour, JAC, and Citroën vehicles, to offer a range of car financing options through valU Shift, its car financing product.

National efforts led by the Ministry of Planning, Economic Development, and International Cooperation succeeded in bolstering Egypt’s participation in 26 projects under the first phase of the Interreg NEXT MED Cooperation Programme for the Mediterranean Basin, planning minister Rania Al-Mashat announced.

The Egyptian government has launched a new loan initiative offering a subsidized 15% interest rate to ceramic and porcelain manufacturers for the purchase of equipment and production materials.

The Micro, Small, and Medium Enterprise Development Agency (MSMEDA) has introduced a new financing program targeting companies in Egypt’s solar energy sector, in partnership with the United Nations Industrial Development Organization (UNIDO).

The Green Climate Fund has approved funding proposals for three multi-country sustainable development programs, unleashing $2.687 billion in funding across several countries, including Egypt.

The Egyptian Petrochemicals Holding Company (ECHEM) is planning to secure $700 million in financing from foreign banks.

The Egyptian real estate company Tatweer Misr is planning to secure bank loans ranging from EGP 2 to EGP 3 billion over the coming period.

The US government announced a $129 million investment in Egypt, provided through the United States Agency for International Development (USAID), during the US-Egypt Strategic Dialogue held in Cairo.

The International Islamic Trade Finance Corporation (ITFC) has invested over EGP 16.5 billion in Egypt since 2008, supporting sectors like petroleum, food commodities, and various development projects.

The National Bank of Kuwait-Egypt (NBK-Egypt) has provided EDECS International Engineering and Contracting Company with credit facilities totaling $93 million.

Egypt-based MNT-Halan’s funding portfolio is expected to surpass $1 billion by the end of 2024.

The Egyptian Ministry of Environment has commenced discussions with the International Monetary Fund (IMF) regarding a $1.2 billion financing package earmarked for climate-related projects.

The Egyptian Micro, Small, and Medium Enterprises Development Agency (MSMEDA) has signed a new contract worth EGP 30 million for funding various new and existing micro-projects, as per a statement.

El Gouna Film Festival has launched a Seed Fundings initiative in collaboration with Orascom Development’s O West, with the first phase of the fund valued at EGP 8 million.

The Asian Infrastructure Investment Bank (AIIB) will provide financing to Egypt worth $1 billion to back private sector projects, Asharq Business reported on September 26th, citing Egyptian Minister of Finance Mohamed Maait.

The Egyptian private sector has secured a total of over $2.2 billion as development funding since the beginning of the year.

Egypt-based cybersecurity and dark web monitoring firm Buguard has raised $500,000 in a seed funding round.

Egypt is in talks with the Abu Dhabi Fund for Development (ADFD) to secure $400 million in funding to buy wheat, Minister of Supply and Internal Trade Ali Moselhy told Bloomberg on July 20th.