Metito set to use 50% of its financing package from IFC to boost investment

EGYPT – Metito, a multinational global provider of intelligent water management and alternative energy solutions, will use 50% of the International Finance Corporation (IFC), a member of the World Bank Group, new financing package value to boost its investments in Egypt. Metito will boost its investments in Egypt through developing more sustainable projects and new technologies by securing additional liquidity and working capital. The US$20 million financing package is part of IFC’s US$8 billion COVID-19 fast-track financing facility, launched in March 2020 to support businesses and sustain jobs through the…

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