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German Development Bank

MoIC signs 2 financing agreements with German KfW bank worth €76M

The first agreement, valued at €53 million, comprises of concessional development financing as well as a grant for the smart grid development project under the Ministry of Electricity and Renewable Energy

KFW Development Bank & MSMEDA sign agreement with €12M investments

The agreement aims to provide financial and technical support to micro-projects that have a positive impact on the climate in the areas of energy efficiency and renewable energy.

MOIC, Electricity ministry, CBE, and Germany sign debt swap agreement worth €54M

The debt swap will assist the government’s efforts in meeting its goals of generating 42% of Egypt’s electricity from renewable sources by 2030 by financing investments and projects accelerating the transition