First Independent Mena Newspaper
The number of fintech companies in Africa have almost tripled this year compared with 2020 as financial conditions across the continent ease, though funding costs are still an obstacle to further growth, according to a new report by the European Investment Bank (EIB). This progress is thanks to the improving access to finance for people […]
The European Investment Bank (EIB) and Banque Misr have signed two technical assistance agreements to support small- and medium-sized enterprises (SMEs), Arab Finance reports citing emailed press release on July 6th. The first program will bolster Banque Misr’s credit risk management and help it adopt SME financing best practices. The second according to the statement […]
The European Investment Bank and the European Union support Morocco’s rural schooling program with € 125.8 million funding to serve for the building of 150 community schools. The EIB has agreed to provide Morocco a € 102.5 million loan for this project, while the EU pledged to inject € 23.3 million under the Neighborhood Investment […]
Egypt is negotiating with five international financial institutions funding for planned Aswan-Toshka railway project linking the Arab republic to neighboring Sudan, reports say. The European Bank for Reconstruction and Development, European Investment Bank, World Bank, Asian Infrastructure Investment Bank, and Islamic Development Bank, Arab Finance reports citing Al Mal. The media did not disclose the […]
The European Union has granted Egypt €6 million (EGP 111.21 million) for the financing of two irrigation projects, Arab Finance reports, citing the Egyptian state. The funds allocated under the EU-Joint Rural Development Program, will be used to rehabilitate the irrigation infrastructure in Egypt’s Fayoum and Minya governorates according to the Egyptian government. The EU-Joint […]
The European Bank for Reconstruction and Development (EBRD) announced on Wednesday a $20 million loan to the Moroccan bank, “Crédit Agricole du Maroc”, to support local exporters and importers The funds will be used to issue guarantees in favor of confirming banks and to provide cash financing for pre-export and post-import financing and for local […]
The Islamic Development Bank (IsDB) and the European Investment Bank have discussed at meetings held in Luxembourg this week opportunities for co-financing new projects in Africa and Southern Mediterranean Countries. The meetings were held as an IsDB delegation, led by the Bank’s President, Bandar Hajjar, is visiting the European Investment Bank’s headquarters in Luxembourg. During […]
Tunisia will be hosting an International Investment Conference in Tunis from Tuesday, seeking support and investors to revamp its ailing economy. According to Fadhel Abdelkefi, Minister of Development, Investment and International Cooperation, “the conference is an opportunity for the North African nation to present its major infrastructure projects to international investors in order to provide […]
Climate change is expected to severely impact the MENA region and tackling climate change is therefore a key priority both for the Mediterranean countries’ governments and for their international partners. After the historic agreement reached in Paris last November and in the run-up to the COP 22 in Marrakech, the European investment bank organizes sept.8th […]
Morocco’s capital city of Rabat will host next Sept.8th an international conference on climate change in the Mediterranean ahead of COP22 scheduled in Marrakech Nov.7-18, 2016. Organized by the European Investment Bank (EIB) and the Union for the Mediterranean, the conference on “Climate Action in the Mediterranean” will discuss climate change adaptation, mitigation and climate […]