Egypt's Minister of Investment and Foreign Trade Hassan El-Khatib announced that private sector investment rose 73% over the past year and continued to increase by 48% in the first quarter of this year. These statements came during meetings with the European Bank for Reconstruction and Development (EBRD) on the sidelines of the World Economic Forum in Davos. The ministers discussed boosting the bank's investments in Egypt and enhancing the national economy's competitiveness.

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The European Bank for Reconstruction and Development (EBRD) has announced an additional $40 million equity investment in Infinity, Egypt’s leading renewable energy developer. This raises the Bank’s total equity commitment to $141.5 million from $101.5 million. The fresh capital will help develop around 3 gigawatts of new renewable energy capacity across key African markets.

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