IFC
IFC launches program supporting financial technology startups in Egypt
Egypt
April 8, 2019
IFC launches program supporting financial technology startups in Egypt
IFC, a member of the World Bank Group, on Monday launched a program supporting the development of Egypt’s fintech space.…
IFC, MEG sign landmark US$100 mn agreement to foster Egypt’s economy
Egypt
April 2, 2019
IFC, MEG sign landmark US$100 mn agreement to foster Egypt’s economy
The International Finance Coordination (IFC), a member of the World Bank, provided up to $100 million in financing to the…
Egypt’s Benban solar project wins best project prize worldwide: World Bank
Business
March 21, 2019
Egypt’s Benban solar project wins best project prize worldwide: World Bank
Acting Head of the World Bank Kristalina Georgieva announced on Wednesday that the Benban Solar Project in Aswan won best project…
First electricity station at Benben solar plant to launch Tuesday
Egypt
March 13, 2018
First electricity station at Benben solar plant to launch Tuesday
The inauguration of the first electricity station named Invetity in the Aswan-based Benben solar plant complex will take place Tuesday, aimed…
Benban’s solar program wins Global Award for Multilateral Project Finance Deal of Year
Environment
February 8, 2018
Benban’s solar program wins Global Award for Multilateral Project Finance Deal of Year
Egypt’s solar power complex Benban, located near Aswan, set to become the largest solar park in the world, won on Wednesday…
Egypt signs $653 mn solar park deal with IFC led consortium, Egypt’s largest
Business
October 30, 2017
Egypt signs $653 mn solar park deal with IFC led consortium, Egypt’s largest
Egypt signed an agreement on Sunday for the construction of 13 solar-power plants in Aswan financed by a consortium led…
Security, external risks, debt most serious challenges to microfinance sector: report
Egypt
December 16, 2015
Security, external risks, debt most serious challenges to microfinance sector: report
The International Finance Corporation (IFC), a member of the World Bank Group, issued a press statement on Wednesday saying that…
IFC to invest in Egypt-based Sphinx Glass
Business
November 30, 2015
IFC to invest in Egypt-based Sphinx Glass
The International Finance Corporation (IFC), a member of the World Bank Group, announced on Sunday that it is investing in…
IFC to provide loan to Credence Group to boost tourism
Egypt
November 16, 2015
IFC to provide loan to Credence Group to boost tourism
The International Finance Corporation (IFC), a member of the World Bank Group, announced Monday it will hold a signing ceremony…
IFC plans up to $2 bln investment in Egyptian infrastructure, power
Egypt
April 9, 2015
IFC plans up to $2 bln investment in Egyptian infrastructure, power
The World Bank's development arm plans to invest between $1.2 billion and $2 billion in Egypt over the next four…