EBRD extends $ 21.3 m loan to Red Sea wind energy farm in Egypt
The European Bank for Reconstruction and Development (EBRD) is supporting the development and sustainability of ...
Morsy: Finance in Motion, I-Score to back agri-SMEs to achieve sustainability
Mohamed Morsy, Country Head of Finance in Motion for Egypt and Yemen, said Finance in Motion will engage in a new cooperation partnership with the Egyptian Credit Bureau “I-Score” in September to support agricultural small and medium sized enterprises (SMEs) in achieving sustainability.
He noted that the companies operating in the agricultural sector use clean energy resources.
He made the remarks on Tuesday during the second session under the title of “green financing products and the importance of technical support to ensure sustainable impact”.
The session is part of the 5th Forum on Strategies for Transition to Green Economy which is organized by CSR Egypt under the theme of Green DNA “Sustainable Finance and Impact Investment”.
Morsy said Finance in Motion contributes to bolstering SMEs to cut their carbon footprint through designating innovative solutions to confront the challenges facing the development process, structuring investment tools, and putting them into effect while committing to environmental standards.
Morsy said reducing carbon emissions and using renewable energy became an exigency for building all companies or institutions, expounding the negative impact of carbon footprint on climate and environment.
He highlighted the positive impact of offering support via loans for establishing green projects, including solar energy ventures.
He underlined the importance of offering technical support based on green solutions and sustainability practices.
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