Egypt: GCF GEFF NBE Green SME Loan Project

The project developed by EBRD, supported by the green climate fund and European Union,the project is jointly implemented by Stantec and NSCE starting July 2020 through 2023.

The project is the operation of a loan of up to EUR 100 million from the EBRD through the Participating Financial Institution (PFI) and the National Bank of Egypt (NBE). The facility aims to support SME borrowers to make energy and resource efficiency investments that would allow them to become more sustainable as well as increase their competitiveness. The project’s approach is also gender sensitive, with an integrated gender and social inclusion action plan. The project will be implemented starting July 2020 through 2023.

The project’s activities include:

  • Establishment and standardization of an operations manual and quality assurance manual;
  • Conducting a gender baseline assessment and corresponding gender action plan;
  • Marketing strategy and plan to engage SMEs and promote the credit line;
  • Training for PFI (NBE) through a training and capacity building program;
  • Training on product development;
  • Monitoring of the facility through assessment reports.

Egypt Value Chain Project

The project developed by EBRD, supported by the green climate fund and European Union,the project is jointly implemented by Stantec and NSCE starting February 2020 and ending in February 2024.

EBRD is launching, through the Green Value Chain project, a loan facility that will be extended through PFIs of up to EUR 70 million to eligible SMEs. Through the facility, SMEs eligible for loan agreements will be supported in innovation processes and production as well as their abilities to become more resource and energy-efficient, which would allow them to contribute to advanced local and export markets and the overall improvement of value chains in Egypt. The project is being jointly implemented by Stantec and NSCE starting February 2020 and ending in February 2024.

The project’s activities include:

  • The establishment of operational guidelines, tools and quality assurance manuals;
  • Marketing and awareness-raising activities to promote the facility and added value of green value chain investments, such as increased competitiveness, profitability, and reduced environmental impact;
  • Training for participating financial institutions, vendors and suppliers in the technology sector and seminars and workshops with relevant NGOs in SME financing;
  • Sub-projects assessment methodology and monitoring of the facility through assessment reports;
  • Product development with PFIs;
  • Excellence awards for best sub-projects.