The Egyptian fund for investment in projects that issue carbon certificates (EgyCOP) currently has an authorized capital of EGP 1 billion
Relevant authorities, such as the Egyptian Exchange and Financial Regulatory Authority, will be working to develop frameworks, business models and organizational structures necessary to activate the new market
The new company’s framework agreement will open up new horizons for cooperation at the continental and regional levels to encourage green investment , says EGX head El-Dakany
International and GCC sovereign funds are interested in the companies included prior to the offerings, Soliman added
“The offering could be made to a sole strategic investor or to several investors through minority stakes,” said one of the sources
