“They may also comprise access infrastructure such as potable water, waste water, solid waste and minor roads for businesses or residential units. The projects we finance in Egypt make a substantial difference to people’s lives. The Kitchener Drain depollution project is a good example, it will improve the availability of sanitation services as well as drain infrastructure in the Delta region. It established the Greek Campus (tech hub), Flat6Labs (seed stage investment vehicle) and Sawari Ventures, one of the first venture capital firms in Egypt.The statement noted that the EIB investment is funded under the bank’s Economic Resilience Initiative Risk Capital Facility (ERI RCF). The facility seeks to foster private sector development and job creation through investments in venture capital and private equity funds.

Source: Egypt Today December 10, 2018 09:56 UTC