The Central Bank of Egypt and the Ministry of Industry have launched an EGP 1 billion fund to invest in and restructure distressed industrial businesses with viable operating potential. The fund will take equity stakes to help restore production, improve operational performance and support the businesses’ long-term growth and sustainability. Its restructuring plans may include reorganizing debt, injecting new capital, improving operational efficiency and strengthening governance. The fund will target factories facing financial or operational difficulties but holding assets and production capacity that can be developed, with the aim of restoring unused capacity, preserving jobs and improving industrial competitiveness. Factories will apply through the Ministry of Industry’s manufacturer support platform, which the fund will use to assess applicants for financing. Participating banks are providing support, while CI Capital will manage the fund.
Central Bank of Egypt and Ministry of Industry launch EGP 1 billion fund to restructure distressed factories
The Central Bank of Egypt and the Ministry of Industry have launched an EGP 1 billion fund to invest in distressed factories with viable operating potential. The fund, managed by CI Capital, may provide new equity, restructure debt and support operational and governance improvements.