Egypt's largest private-sector bank, CIB, commits $300m to renewable energy and waste projects, aligning with Egypt's 30% renewable energy target by 2030.

Egypt's CIB, largest private-sector bank, has committed $300 million to renewable energy and waste management projects, integrating environmental risks into its risk model. The bank aims to support Egypt's target of generating 30% of its energy from renewables by 2030, while also focusing on African countries' stability through green assets. CIB's CEO, Zekry, emphasizes creating a global standard for green finance and tackling climate risks for a sustainable future.

June 02, 2024
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