Egypt's Beltone Leasing secures $20m from German-managed funds
Beltone Leasing and Factoring, a subsidiary of Egypt's Beltone Holding, has secured $20m in funding from two impact investment funds managed by Germany-based Finance in Motion GmbH.
The funding is divided equally, with $10m from the SANAD Fund for MSME and $10m from the Green for Growth Fund (GGF), the company said. The agreement has a repayment tenor of five years.
SANAD's contribution will be used to support financial inclusion for micro, small, and medium enterprises (MSMEs) and low-income households across the Middle East and North Africa (MENA). The portion from GGF will be allocated to financing renewable energy, energy efficiency, and sustainable resource use initiatives in MENA and neighbouringregions.
The company said the transaction is part of its strategy to deliver non-bank financial solutions that promote economic empowerment and environmental sustainability, in line with Egypt's Vision 2030 and its commitment to sustainability across its operations.
Amir Ghannam, Deputy Head of NBFIs for Leasing, Factoring, and Consumer Finance, said: 'Securing foreign currency funding from institutions like SANAD and GGF enhances our ability to diversify our capital base and offer more competitive financing solutions. This funding will enable us to strengthen our support for MSMEs while accelerating green projects that contribute to a more sustainable and resilient future.'
Sherif Hassan, Group Treasurer and Managing Director of Debt Capital Markets, said: 'This funding reflects our strong collaboration with Finance in Motion and our commitment to channeling strategic capital to grow Beltone Leasing and Factoring. It also highlights our focus on ESG-driven financing, in line with the broader Beltone's mission to support sustainable and impactful growth.'
Both funds are managed by Finance in Motion GmbH, an impact asset manager focused on sustainable development in emerging economies, in collaboration with development finance institutions, private investors, and governments.
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Beltone Leasing and Factoring, a subsidiary of Egypt's Beltone Holding, has secured $20m in funding from two impact investment funds managed by Germany-based Finance in Motion GmbH. The funding is divided equally, with $10m from the SANAD Fund for MSME and $10m from the Green for Growth Fund (GGF), the company said. The agreement has a repayment tenor of five years. SANAD's contribution will be used to support financial inclusion for micro, small, and medium enterprises (MSMEs) and low-income households across the Middle East and North Africa (MENA). The portion from GGF will be allocated to financing renewable energy, energy efficiency, and sustainable resource use initiatives in MENA and neighbouringregions. The company said the transaction is part of its strategy to deliver non-bank financial solutions that promote economic empowerment and environmental sustainability, in line with Egypt's Vision 2030 and its commitment to sustainability across its operations. Amir Ghannam, Deputy Head of NBFIs for Leasing, Factoring, and Consumer Finance, said: 'Securing foreign currency funding from institutions like SANAD and GGF enhances our ability to diversify our capital base and offer more competitive financing solutions. This funding will enable us to strengthen our support for MSMEs while accelerating green projects that contribute to a more sustainable and resilient future.' Sherif Hassan, Group Treasurer and Managing Director of Debt Capital Markets, said: 'This funding reflects our strong collaboration with Finance in Motion and our commitment to channeling strategic capital to grow Beltone Leasing and Factoring. It also highlights our focus on ESG-driven financing, in line with the broader Beltone's mission to support sustainable and impactful growth.' Both funds are managed by Finance in Motion GmbH, an impact asset manager focused on sustainable development in emerging economies, in collaboration with development finance institutions, private investors, and governments.
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