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TunisiaEgypt: Banque Misr, GGF and SANAD Fund join forces to support MSMes and promote green finance
March 14, 2022
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Banque Misr, Egypt has received an investment to the value of USD 40 million from the Green for Growth Fund (GGF) and USD 35 million from SANAD.
The investment from the GGF will enable Banque Misr to provide green loans to corporates, SMEs and Egyptian households to finance renewable energy (RE) projects, as well as energy efficiency (EE) and resource efficiency (REff) measures to a wide range of sectors.
In addition, the investment from SANAD will be used to channel liquidity to micro, small, and medium enterprises (MSMEs), agricultural producers, and microfinance institutions (MFIs) in Egypt.
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