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TunisiaEBRD marks year of record investment in Egypt in 2024
Egypt was the primary recipient of European Bank for Reconstruction and Development (EBRD) 2024 investment in the southern and eastern Mediterranean (SEMED) region, with new commitments to 26 projects totalling more than €1.4 billion, of which 84 per cent were in the private sector. The Bank also disbursed €765 million in Egypt in 2024 to support the implementation of key infrastructural projects and to improve access to finance for small and medium-sized enterprises, bringing its total disbursements to more than €1.3 billion since the start of its operations there in 2012.
Continuing to support the country’s green transition, 49.4 per cent of the Bank’s investments in Egypt in 2024 were to promote the green economy.The EBRD also continued to promote the digital transition in Egypt through an equity investment in Paymob as part of a US$ 22 million financing round. The investment comes under the Bank’s Venture Capital Investment Programme, which supports early- and growth-stage technology companies.
To foster a more inclusive economy in Egypt, around 60 per cent of the Bank’s 2024 investments incorporated a focus on women’s economic empowerment. More than one-third of projects supported initiatives that explicitly address inequality while strengthening workforce capacity.
Under the EBRD’s small business advisory programme, Advice for Small Businesses, supported by the European Union (EU), more than 700 small Egyptian enterprises received advisory services and training.
Countries covered:
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Egypt
