EBRD Celebrates Women’s Entrepreneurship Day by Honoring Women Entrepreneurs

In honor of Women’s Entrepreneurship Day, which falls on 19 November, the European Bank for Reconstruction and Development (EBRD) shines a spotlight on the remarkable achievements of three inspiring women-led businesses. These entrepreneurs have thrived with the support of the EBRD’s Women in Business program, which empowers women entrepreneurs by providing financial support, advisory services, […]

Egypt Receives $2.1 Bln Loans To Private Sector During 2023: Al Mashat

Minister of International Cooperation Rania Al-Mashat announced that Egypt has secured $2.1 billion in concessional financing for its private sector from international partners since the beginning of 2023, during a meeting with a US House Foreign Affairs Committee delegation. Deputy Director of the USAID Mission in Egypt, Margaret Sancho, was also present at the meeting. […]

Banque Misr May Receive $260 M Loan from IFC for Local MSMEs, Women-Owned SMEs

The International Finance Corporation (IFC) may extend $260 million to state-owned Banque Misr for on-lending to local MSMEs and women-owned SMEs. According to the lender’s website, the IFC will fund $ 216.7 M of the five-year loan, while the rest will come from its co-lending program. The lender will sign off on the loan on […]

Int’l Cooperation Minister, EBRD Discusses Ways to Lure Private Sector’s Participation in NWFE Projects

Minister of International Cooperation Rania Al-Mashat had talks with President of the European Bank for Reconstruction and Development (EBRD) Odile Renaud-Basso on Wednesday regarding the executive measures taken in tandem with the bank and development partners to promote technical support for implementing energy projects under the Nexus, Water, Food and Energy (NWFE) program. The projects […]

Egypt Gives Boost To Local Production, Stimulates Diversification Strategies: EBRD official

The Managing Director, of Southern and Eastern Mediterranean at the European Bank for Reconstruction and Development (EBRD), Heike Harmgart, stated that the pressure of global food prices has led to more diversification strategies. This came during a panel discussing the EBRD Regional Economic Prospects report; which the EBRD released during its annual meetings held in […]

EBRD provides $40 million loan to Angel Yeast Egypt

The European Bank for Reconstruction and Development (EBRD) announced on Thursday that it is providing a $40 million loan to Angel Yeast Egypt, a global yeast and yeast extract manufacturer. The loan aimed at supporting Egypt’s efforts to attract much-needed foreign direct investment (FDI) to the agribusiness sector, EBRD statement read. The EBRD financing will enable Angel Yeast Egypt […]