Saudi Fund for Development investments in Egypt hit $2.5 bln: minister
The Saudi Fund for Development has so far invested around $2.5 billion in 23 ongoing projects in Egypt, investment…
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SFD
EFG Hermes unit, SFD sign financial leasing deal for Egypt small businesses
EFG Hermes Leasing, a wholly-owned subsidiary of Cairo-based investment bank EFG Hermes, has signed Monday a…
SFD Egypt hopes to activate $40 mln finance deal with OFID soon
Egypt’s Social Fund for Development (SFD) says it seeks to activate a $40 million financing agreement with the OPEC…
National Bank of Egypt pumps 5.2bn Egyptian pounds for SMEs
Egypt’s biggest lender, the state-owned National Bank of Egypt (NBE) has pumped 5.2 billion Egyptian pounds ($294.2…
Egypt’s SFD negotiating $330 million finances from Arab Fund, EIB, OFID
Egypt’s Social Fund for Development (SFD) is negotiating a $330 million financing package from three global…
EU secures €70 million for Egypt emergency employment investment project
The European Union (EU) has secured a €70 million grant in favour of Egypt’s Emergency Employment Investment…
Women account for 50% to 1.2 mln micro enterprises in Egypt: report
Women have contributed up to 50 percent to the 1.2 million micro enterprises across Egypt supported by the country…
SFD Egypt says financed 9,295 small projects in six months
Egypt’s Social Fund for Development (SFD) says it had pumped 994.3 million Egyptian pounds ($112 million) to…
Egypt signs OFID’s $40 mln small and micro-business loan
Egyptian government has signed Monday a $40 million loan with the OPEC Fund for International Development (OFID) to…
Housing & Development Bank, SFD-Egypt prep for new microfinance contract
Egypt’s Social Fund for Development (SFD) is to sign in the coming few days a new financing contract with the…
UAE Khalifa Fund to pump $200 mln in Egypt in 5 years
Abu Dhabi’s Khalifa Fund for Enterprise Development plans to pump $200 million into Egyptian market in the coming…
SAIB inks $11.26 mln to finance Egyptian micro-sized projects
Societe Arabe Internationale de Banque (SAIB) has signed Thursday a new financing contract with Egypt’s Social Fund…
UAE’s Khalifa Fund directs 60% of Egypt investments to rural areas
Abu Dhabi’s Khalifa Fund for Enterprise Development says 60 percent of its investments in Egypt are dedicated for…
National Bank of Egypt negotiating SFD for new SME finance scheme
The National Bank of Egypt, the country’s biggest public lender, says plans to secure a new financing package worth…
Egypt’s SFD says financed 11,000 small projects in New Valley since 1992
Egypt’s Social Fund for Development (SFD) has financed around 11,000 small and micro-sized projects in New Valley…
Egypt parliament approves Saudi Fund $1.5 bln Sinai development loan
Egyptian parliament has approved Sunday the country’s $1.5 billion loan deal signed with the Saudi Fund for…
Egypt’s SFD negotiating Arab Fund for $50 million finance package
Egypt’s Social Fund for Development (SFD) is negotiating a $50 million financing package from the Arab Fund for…
Egypt’s SFD negotiating $300 million finances from World Bank, Saudi Fund
Egypt’s Social Fund for Development (SFD) is negotiating a $300 million financing package from the World Bank and…
PM to name VPs for Egypt’s third biggest lender ‘within days’
Egypt’s Prime Minister Sherif Ismail will name within days two key banking officials as vice chairpersons of the…
SFD to ink $2.8 mln finance package with Egypt’s state agriculture bank
Egypt’s main agricultural lender PBDAC will sign Thursday a financing package deal with the country’s Social Fund…
SFD signs cooperation protocol with Egypt’s construction federation
Egypt’s Social Fund for Development (SFD) has signed on Thursday a cooperation protocol with the Egyptian…
Egypt’s SFD eyes $250 million World Bank, EU funding for infrastructure projects
Egypt’s Social Fund for Development (SFD) is planning to start talks with the World Bank and the European Union to…
Egypt’s SFD allocates €15 million French funding to upgrade six informal areas
Funds from the French Development Agency (AFD) will be allocated to help Egypt develop six informal areas…
World Bank delegation visits developmental projects in Egypt’s Luxor
A high-level World Bank delegation has visited Luxor, southern Egypt on Tuesday to follow up the implementation of…
Egypt’s SFD allocates French Development Agency’s €13mn grant to upgrade slums
Egypt’s Social Fund for Development (SFD) has recently received the French Development Agency’s (AFD) €13 million…
14th International Franchise Exhibition kicks off in Egypt today
Egyptian Supply Minister Khaled Hanafy opened Wednesday the 14th Middle East & North Africa International…
Shell, SFD Egypt sign preliminary agreement
Egypt’s Social Fund for Development (SFD) has signed Wednesday a memorandum of understanding with oil giant Shell…
World Bank gives initial approval for new loan for Egyptian small projects
The World Bank gave initial approval to secure $200 million loan for Egypt’s Social Fund for Development (SFD), the…
UNDP extends partnership with Social Fund for Development in Egypt
United Nations Development Programme (UNDP) signed Thursday an agreement to extend its partnership with Egypt’s…
SFD allocates World Bank, EU funds for Egypt labour intensive project
Egypt’s Social Fund for Development (SFD) has allocated US$300 million for the country’s national Emergency Labour…
SFD-Egypt negotiating World Bank for $400 million loan
Egypt’s Social Fund for Development (SFD) is currently negotiating with the World Bank Group over two loans…
Egypt’s SFD to finance 3 youth-run projects in New Valley
Egypt’s Social Fund for Development (SFD) has signed Monday three memoranda of understanding to finance projects in…
Egypt’s construction federation to launch initiative for young contractors in 2016
Egyptian Federation for Construction and Building Contractors (EFCBC) is mulling the possibility of launching an…
Egypt’s SFD studies $1.1bn commitments to solar sector
Egypt’s Social Fund for Development (SFD) is studying a 10 billion Egyptian pounds ($1.1 billion) commitment to a…
Egypt inks deal worth $1.5bn with Saudi fund for Sinai development
Egypt signed Sunday a $1.5 billion agreement with the Saudi Fund for Development (SFD) to finance development in…
Saudi Arabia, Egypt to sign petroleum deal Sunday
Egypt and Saudi Arabia will sign Sunday an agreement for the provision of petroleum to Cairo for coming five years.…
Egyptian women entrepreneurs control 44% of SFD’s micro projects
Women entrepreneurs are controlling 44 percent of micro businesses supervised by the Social Fund for Development…
QNB to sign $6.4 million deal in support of Egypt SMEs this month
Qatar National Bank AlAhli S.A.E. (QNB AlAhli) is to sign this month its first contract with Social Fund for…
SFD signs MOU with Sinai’s Knooz El-Bardawil to fund SMEs
Egypt’s Social Fund for Development (SFD) has signed a Memorandum of Understanding with Sinai’s Knooz…
SFD receives first tranche of Saudi $200m grant
Egypt’s Social Fund for Development (SFD) received the first tranche of 62.5 million Egyptian pounds from the Saudi…