Where Finance and Green Technologies Meet
The Green Economy Financing Facility (GEFF) Egypt helps Egyptian businesses to become more competitive by investing in high-performing technologies through providing financing through local participating financial institutions.
The facility supports Egypt’s green economy transition with €140 million of financing for energy efficiency and small-scale renewable energy investments to help reduce the impact of growing energy prices through investments. GEFF operates locally through our Participating Financial Institutions QNB Alahli and NBK. The loans are subject to their credit evaluation and approval.
Target projects include:
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investments in equipment, systems or processes that lead to a significant improvement in the energy performance of commercial operations;
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investments that promote the use of energy from renewable sources; and/or
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Investments undertaken in or in relation to privately owned commercial buildings.
The facility offers a one-stop-shop that includes:
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capital loan for investment of up to US$5 million, or equivalent amount in EGP or Euro
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free-of-charge technical assistance for the development of bankable projects
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a cash-back grant after successful project completion worth 10% or 15% depending on the technology performance.
We help clients of participating financial institutions identify and implement a wide range of green investment opportunities. Your business is primarily eligible for GEFF loans if it is an existing private legal entity registered in Egypt and if the loan is to be used for green investments in Egypt.
Visit the GEFF website www.ebrdgeff.com/egypt for more information on eligibility, services and how to apply or contact one of the participating banks now.
GEFF in Egypt was developed by the European Bank for Reconstruction and Development (EBRD), implemented in cooperation with the Agence Française de Développement (AFD) and the European Investment Bank (EIB) and is and financially supported by the Neighborhood Investment Facility (NIF) of the European Union and the EBRD Shareholder Special Fund.
