Sheikh Omar Silla, Country Manager of the International Finance Corporation (IFC) for the Horn of Africa, said that the IFC’s investments in Egypt amounted to $6.5 billion over the past seven years.
Silla explained that these investments were directed toward supporting commercial banks, the healthcare sector, sustainable manufacturing, ports, and the new and renewable energy sector.
He noted that during the 2023/2024 fiscal year, the IFC’s commitments in Egypt reached $910 million. For the current 2025/2026 fiscal year, the institution has mobilized financing exceeding $1 billion.
Silla added that the IFC plans to further expand its portfolio in Egypt in the coming years, with the annual volume of targeted projects expected to exceed $1 billion.
He also pointed out that the total contracts awarded to Egyptian suppliers from the 2021/2022 fiscal year through 2024/2025 amounted to 49 projects, with a total value of $346 million, covering 579 individual contracts.
According to Silla, these contracts were distributed across several areas. Advisory services and goods accounted for 36.43%, with a value of $126.18 million. Business financing represented the largest share at 57.88%, totaling $200.45 million. The remaining 4.87%, equivalent to $16.85 million, was allocated to non-advisory services.
