MSMEDA partners with banks to offer Islamic financing for small enterprises: CEO
Basel Rahmy, CEO of Egypt’s Micro, Small, and Medium Enterprises Development Agency (MSMEDA), announced Monday that the agency partnered with several banks to provide Islamic financing solutions for small enterprises. These banks include Faisal Islamic Bank of Egypt, United Bank,
Electricity Minister, IFC delegation discuss ways to strengthen cooperation
Minister of Electricity and Renewable Energy, Mahmoud Esmat, has received a delegation from the International Finance Corporation (IFC), a development arm of the World Bank, headed by Valerie Levkov, Director for Energy, Metals and Mining, and Sustainable Infrastructure Advisory at
Egypt explores retail bond market to boost financial inclusion
The Egyptian Ministry of Finance has hosted the Annual Retail Bond Conference in collaboration with the World Bank, drawing renowned experts from various countries to explore innovative solutions and best practices in the retail bond market. The conference highlighted the
MSMEDA, World Bank partner to upgrade Egyptian entrepreneurship eco-system: Rahmy
Bassel Rahmy, CEO of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), emphasized enhancing Egyptian startups with both financial and technical support, by working on developing innovative ideas to reach the commercialized stage. “Such set of supportive programs targeting
Al-Mashat outlines new economic development framework to UN, international partners
Rania Al-Mashat, Egypt’s Minister of Planning, Economic Development, and International Cooperation, presented a new operational framework for economic development to representatives of the United Nations, its specialised agencies, and international financial institutions on Friday. The meeting, which included Elena Panova,
Egypt looks forward to constructive discussions during IMF’s 4th review of reform programme: Kouchouk
Ahmed Kouchouk, Egypt’s Minister of Finance, expressed optimism for positive and constructive discussions during the upcoming visit of the International Monetary Fund (IMF) mission, which aims to conduct the “fourth review” of Egypt’s economic reform programme. He emphasized the importance
Debt-for-investment swaps enhance development pathways in Africa: Finance Minister
Ahmed Kouchouk, Egypt’s Finance Minister, stated that debt levels across Africa are rising due to escalating economic shocks and risks linked to geopolitical tensions. He emphasized that the “Debt Alliance for Sustainable Development” could be part of the solution to
GAFI, World Bank discuss Egypt’s 2025-2030 FDI Strategy
The General Authority for Investment and Free Zones (GAFI) hosted a comprehensive workshop to discuss the strategic directions document, which serves as a roadmap for developing the 2025-2030 foreign direct investment (FDI) strategy. According to a statement from GAFI, this
Egypt, World Bank collaborate on Greater Cairo Air Pollution Management and Climate Change Project
Egypt’s Minister of Environment, Yasmine Fouad, inaugurated the opening session of a World Bank technical mission visit to review the progress of the Greater Cairo Air Pollution Management and Climate Change Project. This joint initiative between the Ministry of Environment
Ending poverty for half world’s population could take more than century: World Bank
At the current sluggish rate, it could take over a century to eradicate poverty for nearly half the world’s population—those living on less than $6.85 a day, according to the World Bank’s new Poverty, Prosperity, and Planet Report. This report