Climate finance must be fairer for emerging economies: Finance Minister
Ahmed Kouchouk, Minister of Finance, stated that climate finance must become fairer for emerging economies and more closely aligned with national development priorities. He said Egypt supports expanding the use of guarantees, blended-risk structures, and hedging instruments to unlock private
GCF approves $50m for climate-tech investments in Egypt
Egypt’s Acting Environment Minister, Manal Awad, announced that the Green Climate Fund (GCF) Board has approved $50m for climate-tech investments in Egypt. This funding is part of the Novastar Investment Fund III, a $200m equity venture aimed at mobilizing climate-related
Egypt, Canada discuss climate cooperation, green finance at Ottawa meeting
Minister of Local Development and Acting Minister of Environment Manal Awad held talks with Canada’s Minister of Environment and Climate Change Julie Dabrusin on strengthening bilateral cooperation in climate action, environmental policy, and green finance. The meeting took place on
Egypt strengthens business climate to attract more FDI, streamline investment procedures
Hassan El-Khatib, Minister of Investment and Foreign Trade, participated in a panel discussion organized by the Egyptian Private Equity and Venture Capital Association (EPEA), alongside key government officials and business leaders. The discussion, which included Rania Al-Mashat, Minister of Planning,
IMF approves $2.5bn for Egypt, including $1.3bn for climate resilience
The International Monetary Fund (IMF) has approved a $2.5bn financing package for Egypt, with approximately half to be disbursed immediately, according to statements from the IMF and the Egyptian Ministries of Finance and Environment. Of the total, $1.2bn will be
Kenyan farmers combat climate change with beans, bees, and fruit trees
In Kenya’s Bomet and Homabay Counties, smallholder bean farmers are adopting innovative and sustainable agricultural techniques to bolster resilience and increase production in the face of climate change. By integrating beneficial insects such as bees and diversifying their farms with
Government focuses on enhancing investment climate to boost competitiveness: El-Khatib
Hassan El-Khatib, Egypt’s Minister of Investment and Foreign Trade, outlined the government’s ongoing efforts to foster a more competitive and investment-friendly business environment. Speaking during a meeting with a delegation of MBA students from Stanford University visiting Cairo to learn
AAIB, IFC, EBRD, and BII launch $500m sustainability bond to advance climate finance, support MSMEs
The Arab African International Bank (AAIB) has issued a $500m sustainability bond, backed by investments from IFC, the European Bank for Reconstruction and Development (EBRD), and British International Investment (BII). This initiative aims to advance Egypt’s green transition while supporting
Madbouly highlights significance of COP29 in reaffirming commitment to climate pledge ‘implementation’
Egypt’s Prime Minister Mostafa Madbouly emphasized the significance of the Baku Climate Change Conference, which is taking place amid regional and international crises, including wars, as well as increasing and unpredictable climate-related events. These challenges have led to significant economic
Climate crisis now an ‘economy-killer,’ Simon Stiell warns at COP29
The climate crisis is no longer a threat to future generations, but a present danger to economies worldwide, UN Climate Change Executive Secretary Simon Stiell warned at the COP29 World Leaders Climate Action Summit on Tuesday. “We used to talk