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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.
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El mayor banco del sector privado de Egipto, CIB, compromete 300 millones de dólares para proyectos de energía renovable y residuos, alineándose con el objetivo de Egipto del 30% de energía renovable para 2030.