Tags : Sharkawy & Sarhan

Banking & Finance Banking & Finance Egypt

EBRD promotes Egypt’s green economy with a loan to Banque

The European Bank for Reconstruction and Development (“EBRD”) is supporting the green economy in Egypt with a USD 100 million loan to Banque Misr for on-lending to local small and medium-sized enterprises (SMEs).  The loan follows the success of the Green Economy Financing Facility (“GEFF”) in Egypt and will further support an expansion of green lending in Egypt to under-served regions […]

Banking & Finance Egypt Energy & Trading

Elsewedy Electric secures USD150m investment for operations’ expansion

Elsewedy Electric, Egyptian global providers of energy, digital, and infrastructure solutions, has secured a USD150 million loan from the International Finance Corporation (“IFC”), a member of the World Bank Group. IFC’s USD150 million investment, alongside First Abu Dhabi Bank and Europe Arab Bank as participants, will be used to support in the expansion, modernization, and enhancement […]

Banking & Finance Egypt Energy & Trading

Scatec issues USD 334.5 m green bonds to refinance Benban

Renewable energy solutions provider Scatec has completed the refinancing of the non-recourse project debt for 6 solar power plants in Benban, Egypt, with a total capacity of 380 MW, through the issuance of 19-year USD 334.5 million non-recourse Green Project Bonds, which benefit from a Climate Bond certificate from the Climate Bond Initiative.  This innovative climate finance transaction […]