The Clap
El Sewedy Electric (SWDY) has secured funding from IFC for $ 150 million.
The Deets
The funding received is to be used for developing and improving the solar energy projects as well as maintaining the infrastructure of current factories.
This funding also opens up the door for El Sewedy to invest in a number of new projects.
This comes after an initial agreement was struck earlier this week, however the amount as well as the terms of the deal were yet to be revealed.
Why does this matter?
The funding will help El Sewedy grow through expansion into other projects as well as the development and maintenance of current and past projects.
El Sewedy securing the bag 💰
