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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
CIB secures $150M loan facility from IFC

The Commercial International Bank (CIB) has signed a $150 million loan facility with the International Finance Corporation (IFC).

Updated 10/2/2024 9:24:00 AM
IFC eyes investing up to $20M in Tanmiya Capital Ventures’ TCV II fund

The International Finance Corporation (IFC) is considering an equity investment of up to $20 million in Tanmiya Capital Ventures’ TCV II fund.

Updated 8/25/2024 7:33:00 AM
IFC starts execution phase of Egypt’s IPO program

The International Finance Corporations (IFC) has completed the first phase of submitting its recommendations to the Egyptian government over the initial public offering (IPO) program.

Updated 5/14/2024 7:37:00 AM
IFC’s investments in Egypt hit $9B

The International Finance Corporation (IFC) has invested around $9 billion in Egypt so far, in addition to a portfolio of advisory services, Minister of International Cooperation Rania Al-Mashat stated on the sidelines of the IFC Day held in Egypt on May 12th.

Updated 5/13/2024 7:18:00 AM
IFC pledges $1B financing to Egyptian private sector in 2024

The International Finance Corporation (IFC), affiliated with the World Bank Group (WBG), is committed to providing over $1 billion in financing to the Egyptian private sector in 2024.

Updated 5/12/2024 11:08:00 AM
Banque du Caire pens $100M deal with IFC to support MSMEs, trade

Banque du Caire and the International Finance Corporation (IFC) have signed a $100 million deal aimed at supporting micro, small-, and medium-sized enterprises (MSMEs), particularly those helmed by women entrepreneurs.

Updated 5/12/2024 2:07:00 AM
IFC’s Sérgio Pimenta to discuss Egypt’s private sector boost in Cairo visit

The Vice President of the International Finance Corporation (IFC) Sérgio Pimenta will visit Egypt from May 11th to 13th to discuss IFC’s keenness on backing Egypt’s development goals via boosting private sector participation in the economy.

Updated 5/9/2024 11:04:00 AM
IFC’s SBFN upgrades Egypt’s sustainable finance ranking

Egypt has moved up one notch in the Sustainable Banking and Finance Network (SBFN)'s sustainable finance rating of countries to the advancing-implementation category from developing-implementation, according to the Global Progress Brief 2024 report published by SBFN.

Updated 4/29/2024 7:31:00 AM
IFC backs MSMEs in Egypt via $100M loan to Banque du Caire

The International Finance Corporation (IFC) is providing Banque du Caire with a $100 million loan, according to a disclosure by the IFC.

Updated 3/31/2024 12:13:00 PM