By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
DailynewsegyptDailynewsegypt
  • Home
  • Business
    BusinessShow More
    Robert F Kennedy on the presidential campaign trail in 1968, as he talked about limitations of gross domestic product* (GDP). Alamy
    Beyond GDP: Changing how we measure progress is key to tackling a world in crisis
    March 21, 2023
    IMF reaches staff-level deal with Somalia
    IMF reaches staff-level deal with Somalia
    March 21, 2023
    HDB allocates EGP 3.85bn to sustainable financing in 2022: Chairperson
    HDB allocates EGP 3.85bn to sustainable financing in 2022: Chairperson
    March 21, 2023
    Cooperation between MSMEDA, JICA to boost competitiveness of MSMEs
    Cooperation between MSMEDA, JICA to boost competitiveness of MSMEs
    March 21, 2023
    SCZONE discusses cooperation with American-Hellenic Chamber of Commerce
    SCZONE discusses cooperation with American-Hellenic Chamber of Commerce
    March 21, 2023
  • Politics
    PoliticsShow More
    New York beefs up security measures amid uncertainties over Trump case
    New York beefs up security measures amid uncertainties over Trump case
    March 22, 2023
    A Palestinian girl holds a lantern to celebrate the upcoming Ramadan, in Gaza City, on March 20, 2023. (Photo by Rizek Abdeljawad/Xinhua)
    Palestinians prepare for Ramadan amid hopes for restoring peace in West Bank, Gaza
    March 22, 2023
    Xi, Putin sign joint statement on pre-2030 development plan on priorities in China-Russia economic cooperation
    Xi, Putin sign joint statement on pre-2030 development plan on priorities in China-Russia economic cooperation
    March 22, 2023
    Xi, Putin sign joint statement on deepening comprehensive strategic partnership of coordination for the new era
    Xi, Putin sign joint statement on deepening comprehensive strategic partnership of coordination for the new era
    March 22, 2023
    Shoukry confirms Egypt's full support to COP28 in UAE
    Shoukry confirms Egypt’s full support to COP28 in UAE
    March 21, 2023
  • Interviews
    InterviewsShow More
    Government should help Egyptian arts revive its pioneering role: Omar Abdel Aziz
    Government should help Egyptian arts revive its pioneering role: Omar Abdel Aziz
    March 15, 2023
    Interconnected healthcare systems in Africa require political will from North African leaders: Amref official
    Interconnected healthcare systems in Africa require political will from North African leaders: Amref official
    March 12, 2023
    EGX ready for government’s IPOs programme: Chairperson
    EGX ready for government’s IPOs programme: Chairperson
    February 15, 2023
    British International Investment invests $4.5bn in 700 businesses across Africa: Sherine Shohdy
    February 15, 2023
    Valeo has invested around €0.5bn in Egypt over the past 10 years: CEO
    Valeo has invested around €0.5bn in Egypt over the past 10 years: CEO
    December 27, 2022
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Reading: Environment Minister, CBE Head discuss financing waste to energy industry
Share
Notification
Latest News
New York beefs up security measures amid uncertainties over Trump case
New York beefs up security measures amid uncertainties over Trump case
Politics
A Palestinian girl holds a lantern to celebrate the upcoming Ramadan, in Gaza City, on March 20, 2023. (Photo by Rizek Abdeljawad/Xinhua)
Palestinians prepare for Ramadan amid hopes for restoring peace in West Bank, Gaza
Politics Society in depth
Xi, Putin sign joint statement on pre-2030 development plan on priorities in China-Russia economic cooperation
Xi, Putin sign joint statement on pre-2030 development plan on priorities in China-Russia economic cooperation
Politics
Xi, Putin sign joint statement on deepening comprehensive strategic partnership of coordination for the new era
Xi, Putin sign joint statement on deepening comprehensive strategic partnership of coordination for the new era
Politics
Robert F Kennedy on the presidential campaign trail in 1968, as he talked about limitations of gross domestic product* (GDP). Alamy
Beyond GDP: Changing how we measure progress is key to tackling a world in crisis
Business Opinion
Aa
Aa
DailynewsegyptDailynewsegypt
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Have an existing account? Sign In
Follow US
  • Advertise
© 2023 DNE News. All Rights Reserved.
Dailynewsegypt > Blog > Business > Environment Minister, CBE Head discuss financing waste to energy industry
BusinessEnvironment

Environment Minister, CBE Head discuss financing waste to energy industry

Daily News Egypt
Last updated: 2021/02/07 at 4:08 PM
By Daily News Egypt 2 Min Read
Share
SHARE

Egypt’s Minister of Environment Yasmine Fouad met with the Central Bank of Egypt (CBE) Governor Tarek Amer, on Sunday, to discuss ways of supporting Egypt’s waste to energy industry.

The meeting came as part of the first phase projects that have begun in this area, with the phase including projects set up by eight companies in eight governorates with an investment cost of $325-390m. 

During the meeting, Fouad said that President Abdel Fattah Al-Sisi is interested in find a successful model for projects to convert waste to energy in Egypt.

The minister also said that providing financing packages for projects that convert waste to energy was one of the most important requests made by companies investing in this field. 

She added that the Ministry of Environment has provided an investment incentive to enter the private sector in this field. This will take into account good planning for the new waste system, preparing plans for each of Egypt’s governorates, whilst keeping in mind the investment guarantees outlined by the new waste law. 

Fouad emphasised the importance of providing appropriate financing mechanisms for companies working in converting waste to energy, in order to overcome the obstacles presented by high investment costs. 

She further emphasised that the new waste system is being implemented along three paths. The first path will see the setting up of the system’s infrastructure for collecting, transporting and recycling.

It will also focus on creating a suitable legislative structure, especially relating to the waste law and its executive regulations, which is a basic guarantee for the sustainable management of the system. 

The third path is the follow-up and control role, which is undertaken by the Ministry of Environment, through its Waste Management Regulatory Authority.

You Might Also Like

Beyond GDP: Changing how we measure progress is key to tackling a world in crisis

IMF reaches staff-level deal with Somalia

HDB allocates EGP 3.85bn to sustainable financing in 2022: Chairperson

Cooperation between MSMEDA, JICA to boost competitiveness of MSMEs

SCZONE discusses cooperation with American-Hellenic Chamber of Commerce

TAGGED: CBE, Central Bank of Egypt, environment, ministry of environment, waste
Share this Article
Facebook Twitter Email Print
Previous Article AIH to split into 2 separate holding companies by Q1 2022 AIH to split into 2 separate holding companies by Q1 2022
Next Article Egypt’s Minister of Planning and Economic Development, Hala El-Said, has revealed that the New Valley governorate will receive EGP 5.8bn in public investments as part of the country’s plan for fiscal year (FY) 2020/21. South Sinai receives EGP 3.7bn for 169 development projects in FY 2020/21: Planning Minister
Ad image

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe

Latest News

New York beefs up security measures amid uncertainties over Trump case
New York beefs up security measures amid uncertainties over Trump case
Politics
A Palestinian girl holds a lantern to celebrate the upcoming Ramadan, in Gaza City, on March 20, 2023. (Photo by Rizek Abdeljawad/Xinhua)
Palestinians prepare for Ramadan amid hopes for restoring peace in West Bank, Gaza
Politics Society in depth
Xi, Putin sign joint statement on pre-2030 development plan on priorities in China-Russia economic cooperation
Xi, Putin sign joint statement on pre-2030 development plan on priorities in China-Russia economic cooperation
Politics
Xi, Putin sign joint statement on deepening comprehensive strategic partnership of coordination for the new era
Xi, Putin sign joint statement on deepening comprehensive strategic partnership of coordination for the new era
Politics
//
Egypt’s only independent daily newspaper in English. Discuss the country’s latest with the paper’s reporters, editors, and other readers.

Quick Link

  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

© 2023 DNE News. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?