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WB approves new country partnership framework, to provide $7B worth of financing

The new CPF aligns with the government of Egypt’s Sustainable Development Strategy, “Egypt Vision 2030,” and the country’s National Climate Change Strategy (NCCS) 2050

IFC and CIB team up to develop climate risk management framework

The International Finance Corporation (IFC) has partnered with the Commercial International Bank (CIB), Egypt’s largest private sector bank, in developing and implementing a robust climate risk management framework

SFE’s pre-IPO fund prepares Elab as its first public offering

Egypt aims to sell stakes in 32 state-owned companies on the EGX through IPOs, sales to strategic investors, or a combination of both as part of its state privatization program

RiseUp 2023 to kick off, celebrating a decade of supporting local entrepreneurs

Under the slogan “Stay Real,” this year’s summit is expected to attract more than 14,000 attendees from 60 countries around the world, according to RiseUp

Banks record around 40% increase in net profits in December | CBE

Net activity revenues reached around EGP 407.592 billion, compared to EGP 272.230 billion, with total expenses recording around EGP 276.758 billion compared to EGP 178.8 billion