GlobalCorp issues eighth securitization bond worth EGP 2.5bn
GlobalCorp Financial Services has successfully completed its eighth securitization bond issuance, valued at EGP 2.5bn, following approval from Egypt’s Financial Regulatory Authority (FRA). The transaction falls under the company’s second approved securitization program. The issuance was structured into three tranches
Egypt finalising tender documents for Hurghada airport management
Egypt is finalising the technical and regulatory studies required to offer the management and operation of Hurghada International Airport to the private sector, Civil Aviation Minister Sameh El-Hefny said on Monday. The announcement came following a meeting at the New
Egypt, IFC discuss expanding private sector financing, advancing State Ownership Policy Document
Investment and Foreign Trade Minister Hassan El-Khatib and Planning, Economic Development and International Cooperation Minister Rania Al-Mashat held a joint meeting with Makhtar Diop, Managing Director of the International Finance Corporation (IFC), a member of the World Bank Group, on
IFC to advise Egypt on private sector participation in airports
The Egyptian government has signed an advisory services agreement with the International Finance Corporation (IFC), the World Bank’s private sector arm, to expand private sector participation in the country’s airport sector. The signing ceremony was held on Monday at the
IFC, Kazyon strengthen partnership to boost Morocco’s food retail sector
The International Finance Corporation (IFC) is expanding its partnership with Kazyon Group to support the development of Morocco’s discount grocery retail sector. This initiative aims to improve access to quality food and create tens of thousands of jobs, particularly for
Al-Mashat highlights government support for Egyptian entrepreneurship
Minister of Planning and Economic Development and International Cooperation Rania A. Al-Mashat participated in the American Chamber of Commerce in Cairo’s announcement of a new Entrepreneurship and Innovation Committee. Al-Mashat highlighted the Egyptian government’s commitment to fostering entrepreneurship and its
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
Egypt’s PM, IFC discuss airport sector privatization progress
Egyptian Prime Minister Mostafa Madbouly convened on Sunday with Sérgio Pimenta, International Finance Corporation (IFC) Regional Vice President for Africa, and Cheick-Oumar Sylla, IFC Regional Director for North Africa, to assess the progress of the airport sector privatization programme and
IFC, Orascom Development partner to boost green tourism in Egypt
IFC announced on Sunday a partnership with Orascom Development Holding’s (ODH) largest subsidiary, Orascom Development Egypt (ODE), to support the leading Egypt-based tourism and real estate developer to improve energy and water efficiency and reduce greenhouse gas (GHG) emissions across
Egypt, IFC discuss collaboration to unlock mining, infrastructure potential
Egypt’s Minister of Planning, Economic Development, and International Cooperation, Rania Al-Mashat, met with International Finance Corporation (IFC) officials to explore opportunities for collaboration in the mining and infrastructure sectors. The Monday meeting, held in Cairo, aimed to leverage the IFC’s