IFC Praises Egypt’s Mining Sector’s Competitiveness

• Sunday, 20th July 2025
• by Sarah Samir

Minister of Petroleum and Mineral Resources, Karim Badawi, met with Cheick-Oumar Sylla, Regional Director of the International Finance Corporation (IFC), a member of the World Bank Group. Their discussion focused ...

IFC Reviews Renewable Energy Cooperation with Egypt

• Tuesday, 6th May 2025
• by Sarah Samir

Minister of Electricity and Renewable Energy Mahmoud Esmat met with a delegation from the International Finance Corporation (IFC), the World Bank’s private sector arm.
The meeting covered several cooperation ...

EETC, IFC to Establish 600 MW Solar Plant

• Monday, 22nd April 2019
• by Sarah Samir

EETC signed an agreement with the IFC for establishing a 600 MegaWatt (MW) solar power plant west of the Nile.

Petroleum Ministry, IFC sign an Infrastructure MoU

• Wednesday, 3rd April 2019
• by Sarah Samir

The Egyptian Ministry of Petroleum signed a memorandum of understanding with the IFC for financing oil and gas infrastructure projects that support Egypt's strategy to become a regional oil and gas trading hub.

Egypt Signs Loan Facility Worth $653M for Solar Plants

• Monday, 30th October 2017
• by Sarah Samir

The Egyptian government signed 13 agreements with a banking consortium led by the International Finance Corporation (IFC) to fund the construction of 13 solar-power plants with a total capacity of 590 megawatts (M ...

Solar Sector Attracts $1.8B in Investments

• Wednesday, 18th October 2017
• by Sarah Samir

Egypt’s solar energy sector has garnered $1.8 billion in investments.

IFC to Invest up to $700M in Renewable Energy Projects

• Monday, 2nd October 2017
• by Editorial Team

The International Finance Corporation (IFC) plans to invest approximately $700 million in renewable energy projects in Egypt during the current fiscal year.

WB, IFC to Provide $600M for Oil & Gas Projects

• Wednesday, 30th August 2017
• by Sarah Samir

The World Bank and the International Finance Corporation will provide $600 million for oil and gas projects in Egypt.

Egypt, IFC Launch Energy Efficiency Program

• Monday, 7th December 2015
• by Egypt Oil & Gas

Egypt and the International Finance Corporation have agreed to a $2.3m deal to improve energy efficiency and pollution in Egyptian industry.

IFC to Give $50m Loan to Egypt’s PICO

• Sunday, 5th July 2015
• by Egypt Oil & Gas

IFC, a member of the World Bank Group, is providing a $50 million loan to Cheiron Finance Limited, a subsidiary of Egypt’s PICO International Petroleum, in an effort to bolster energy supplies in the Arab World's mos ...