- c/o Delegation of the European Union Nile City Towers
- North Tower, 9th floor 2005 C Corniche El Nil, Ramlet Boulak
- 11221 Cairo
- Egypt
- +20 224619890
- cairo@eib.org
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EIB Global backs RMBV North Africa Fund III to power private sector growth in Egypt, as part of a regional strategy covering North Africa
The European Investment Bank (EIB), through its development arm EIB Global, is investing $80 million in the RMBV North Africa Fund III to accelerate private sector development and sustainability in Egypt as part of a regional investment strategy covering North Africa. The signature took place at an event in Cairo attended by Minister of Planning, Economic Development and International Cooperation of Egypt H.E. Rania Al-Mashat, EIB Vice-President Gelsomina Vigliotti, and RMBV Managing Partner Ahmed Badreldin.
Egypt: EIB Global announces $150 million financing for the biggest hybrid solar PV project in Africa
The European Investment Bank (EIB), through its development arm EIB Global, today announced $150 million in financing for the Obelisk solar photovoltaic project in Egypt, marking the inauguration of the first phase of the plant in Qena Governorate. The event was attended by Prime Minister of Egypt H.E. Dr. Mostafa Madbouly, EIB Global Director General Andrew McDowell, H.E Deputy Prime Minister for Industrial Development and Minister of Transport and Industry Eng. Kamel El Wazir, Minister of Planning, Economic Development, and International Cooperation of Egypt H.E. Dr. Rania A. Al-Mashat, Minister of Electricity and Renewable Energy of Egypt H.E. Dr. Mahmoud Esmat, Governor of Qena H,E. Dr, Khaled Abdel Halim and, Ambassador of the European Union to Egypt Angelina Eichhorst, and Scatec CEO Terje Pilskog.
Egypt and EIB Global set to deploy EU grant aimed at greening Egyptian economy
The European Investment Bank’s development arm (EIB Global) and Egypt have signed an agreement for the use of a €21 million grant to help green the Egyptian economy. The grant, funded by the European Union and managed by EIB Global, is intended to accelerate efforts by the Egyptian private and public sectors to decarbonise and promote environmental sustainability.