Egypt in talks with AFC, Infinity Power to boost climate-resilient infrastructure

Egypt is stepping up efforts to attract climate investment and expand sustainable infrastructure, with the government in talks with the Africa Finance Corporation (AFC) and renewable energy firm Infinity Power, the Ministry of Planning said in a statement Tuesday.

Planning Minister Rania Al-Mashat met with AFC Capital Partners’ Investment Director Elie Aloko, and Mokhtar AbulAta, Director of North Africa Business and Project Development at Infinity Power, to discuss collaboration under Africa Finance Corporation’s new Climate Resilient Infrastructure Fund. The fund, launched in partnership with the Green Climate Fund, targets sustainable energy and transport projects across Africa.

Discussions focused on financing mechanisms, technical support, and enabling the Egyptian private sector to tap into concessional funding to scale up green infrastructure. Minister Al-Mashat stressed Egypt’s commitment to expanding climate-focused partnerships and private sector involvement in development.

She also noted Egypt’s selection as one of seven countries to benefit from the Climate Investment Funds’ $1 billion Industrial Decarbonisation Programme, aimed at cutting emissions in key industrial sectors.

The minister instructed technical teams to deepen engagement with AFC and Infinity Power and assess how Egyptian firms can access available resources.

The move aligns with Egypt’s broader strategy to position itself as a regional hub for climate finance and bolster investment in low-carbon infrastructure.

Attribution: Amwal Al Ghad English

Subediting: Y.Yasser