PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

601695

Primary Business Area

Other

Disclosure Date

May 29, 2020

Country

Egypt, Arab Republic of

Region

Africa

IFC Approval Date

Feb 25, 2019

Status

Completed

Estimated Total Budget

$1,653,475.00
(Project budget includes all project-funded activities)

Last Updated Date

Apr 27, 2024

Project Estimated Start Date

Mar 31, 2019

Project Estimated End Date

Jun 30, 2022

Project Description

The objective of this initiative is to unlock clean technology markets in Egypt by help developing a entrepreneur support ecosystem and removing key barriers enabling CleanTech firms to grow by tapping into available business opportunities. This will consequently have a positive impact on investments in CleanTech sectors, agricultural incomes, environmental sustainability, climate change, economic growth and job creation. The project is made up of two interlinked components which aim to catalyze CleanTech markets in Egypt by: 1. Improving access to finance for potential consumers (farmers) through innovative financial and business models; and 2. Strengthening the CleanTech ecosystem and developing mechanisms that can effectively respond to the needs of CleanTech entrepreneurs.

Development Results

E&S Risks / Impacts and Mitigation