Tags Result

IFC, Attijariwafa Bank Egypt sign $10M financing deal to support SMEs

The International Finance Corporation (IFC) and Attijariwafa Bank Egypt launched a $10 million local-currency risk-sharing facility to support financing for small and medium-sized enterprises (SMEs) and boost job creation.

Updated 11/5/2025 6:45:00 AM
Egypt, IFC mull expanding private sector financing

Minister of Investment and Foreign Trade Hassan El-Khatib and Minister of Planning and Economic Development, and International Cooperation Rania Al-Mashat met with International Finance Corporation (IFC) CEO Makhtar Diop to discuss expanding cooperation in private sector financing and implementing Egypt’s State Ownership Policy Document, as per a statement.

Updated 10/19/2025 1:44:00 AM
Petroleum Ministry, IFC explore financing opportunities in mining projects

Egypt and the International Finance Corporation (IFC) are mulling over cooperation opportunities to finance energy and mining projects in the country.

Updated 7/20/2025 7:04:00 AM
El-Sisi orders airport development push, eyes PPPs for Hurghada airport by end-2025

President Abdel Fattah El-Sisi directed proceeding with the development of airports to offer Hurghada Airport for public-private partnerships (PPP)by the end of 2025, Spokesman for the Presidency

Updated 6/29/2025 6:09:00 AM
IFC, AMEA Power launch Egypt’s 1st battery energy storage system

The International Finance Corporation (IFC) has announced a $72 million investment to support Egypt’s first utility-scale battery energy storage system (BESS), in partnership with AMEA Power and the Egyptian government, marking a major milestone in the country’s transition to clean energy.

Updated 6/16/2025 7:56:00 AM
El-Khatib meets IFC delegation to deepen partnership, support Egypt’s growth agenda

Minister of Investment and Foreign Trade Hassan El Khatib met with a high-level delegation from the International Finance Corporation (IFC) led by Managing Director Makhtar Diop to discuss expanding cooperation and supporting Egypt’s economic development priorities.

Updated 6/16/2025 7:34:00 AM
IFC Managing Director visits Egypt to boost private sector engagement

Managing Director of the International Finance Corporation (IFC) Makhtar Diop will visit Egypt from June 15th to 16th to reaffirm the institution’s commitment to supporting the country’s economic development by enhancing private sector participation.

Updated 6/15/2025 9:50:00 AM
Madbouly, IFC Managing Director discusses airport management plans, private sector projects

Prime Minister Mostafa Madbouly met with Makhtar Diop, CEO of the International Finance Corporation (IFC), and his accompanying delegation to discuss ongoing cooperation and explore new opportunities for private sector engagement, particularly in the management and operation of Egyptian airports.

Updated 6/15/2025 2:48:00 AM
IFC’s investment portfolio in Egypt reaches $2.4B until March

The International Finance Corporation’s (IFC) investment portfolio in Egypt stands at nearly $2.4 billion as of March 2025, in addition to a technical support and advisory portfolio worth $25.7 million

Updated 4/22/2025 1:44:00 AM
Egypt, IFC join forces to upgrade 11 airports via PPPs

The International Finance Corporation (IFC) penned an agreement with Egypt’s Ministry of Civil Aviation to advise on introducing public-private partnerships (PPP) in 11 airports across Egypt to improve infrastructure, connectivity, and passenger services.

Updated 3/25/2025 8:14:00 AM
IFC, Attijariwafa Bank Egypt team up to boost SMEs, climate finance in Egypt

International Finance Corporation (IFC) and Attijariwafa bank Egypt (AWB Egypt) have partnered to strengthen the bank’s capital position and expand its support for small and medium-sized enterprises (SMEs) and climate finance in Egypt.

Updated 2/24/2025 3:10:00 AM
IFC considers $6M investment in Flat6Labs Africa

The International Finance Corporation (IFC) is considering an equity investment of up to $6 million in Africa Seed Fund Co?peratief U.A. (Flat6Labs Africa) through its Startup Catalyst Program.

Updated 2/2/2025 9:45:00 AM
AAIB, IFC, EBRD, BII issue $500M sustainability bond to support climate finance, MSMEs

Arab African International Bank (AAIB) has issued a $500 million sustainability bond, with investments from the International Finance Corporation (IFC), the European Bank for Reconstruction and Development (EBRD), and British International Investment (BII).

Updated 11/25/2024 3:10:00 AM
IFC, ODE partner to support green tourism in Egypt

The International Finance Corporation (IFC) is supporting Orascom Development Egypt (ODE) with a sustainability-linked loan (SLL) of $155 million to enhance energy and water efficiency and reduce greenhouse gas (GHG) emissions in hotels in El Gouna on the Red Sea.

Updated 11/25/2024 2:18:00 AM
CIB, IFC pen $150M financing agreement to back MSMEs growth

The Commercial International Bank - Egypt (CIB) has signed a $150 million concessional development financing agreement with the International Finance Corporation (IFC) to support micro-, small-, and medium-sized enterprises (MSMEs).

Updated 11/25/2024 2:06:00 AM
IFC Vice President for Africa visits Egypt on November 24th

Vice President for Africa of the International Finance Corporation (IFC) Sérgio Pimenta is visiting Egypt on November 24th.

Updated 11/24/2024 12:49:00 PM
Egypt discusses enhanced cooperation with IFC in mining, infrastructure sectors

Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat held discussions with senior officials from the International Finance Corporation (IFC) to explore collaboration opportunities in mining and infrastructure development.

Updated 11/20/2024 8:50:00 AM
Egypt explores strengthening energy, mining collaboration with IFC 

Minister of Petroleum and Mineral Resources Karim Badawi has discussed ways to enhance cooperation in Egypt’s energy and mining sectors with a delegation from the International Finance Corporation (IFC), a development arm of the World Bank.

Updated 11/18/2024 4:14:00 PM
Egypt receives IFC technical study to offer 20 airports to private sector

The International Finance Corporation (IFC) has submitted a technical study and a proposed timeline to the Egyptian government to offer the management and operation of 20 airports, including four new ones, to the private sector.

Updated 10/16/2024 9:14:00 AM
Orascom Development Egypt secures $155M loan from IFC

Orascom Development Egypt (ODE) has signed an agreement with the International Finance Corporation (IFC) to secure a loan worth $155 million.

Updated 10/15/2024 10:49:00 AM