African Development Bank

African Development Bank approves €83 million loan for Egypt’s electricity sector
Business

African Development Bank approves €83 million loan for Egypt’s electricity sector

The Board of Directors of the African Development Bank have approved an €83 million loan to finance the second phase…
Sisi issues decree approving 4 mn euro grant for Egypt
Business

Sisi issues decree approving 4 mn euro grant for Egypt

President Abdel Fattah al-Sisi issued today (August 29) Presidential Decree No. 206 of 2019 approving the letter of agreement for…
AFDB approves third $500 mln tranche in support for Egypt’s reform program
Economy

AFDB approves third $500 mln tranche in support for Egypt’s reform program

In support of the country’s effort to improve Egyptians’ quality of life, the African Development Bank approved the disbursement of…
Egypt to receive $2.1 bn funds from organizations: Minister
Business

Egypt to receive $2.1 bn funds from organizations: Minister

Egypt is expected to receive funding in the coming months at a total of US$2.15 billion, including $1 billion from…
Egypt targeting US$9 billion in foreign financing in FY 2017/18
Business

Egypt targeting US$9 billion in foreign financing in FY 2017/18

Egypt is targeting US$9 billion in foreign financing in the 2017/18 fiscal year, Deputy Finance Minister Ahmed Kouchouk told Reuters…
AFDB grants Egypt US$500 million: Minister
Business

AFDB grants Egypt US$500 million: Minister

African Development Bank agreed on Tuesday to grant Egypt with US$500 million, which is the second category of the US$1.5…
Egypt signs US$500 mn facility agreement with Afreximbank to ease FX shortage
Business

Egypt signs US$500 mn facility agreement with Afreximbank to ease FX shortage

The African Export-Import Bank (Afreximbank) has agreed a US$500 million facility with the Central Bank of Egypt (CBE) to help…
ADB to support Egypt’s new capital with US$1.5 bn
Business

ADB to support Egypt’s new capital with US$1.5 bn

The African Development Bank has vowed to provide a US$1.5 billion contribution to the financing of Egypt’s New Administrative Capital…
Govt discusses project funding with African Development Bank
Egypt

Govt discusses project funding with African Development Bank

The Egyptian government, represented by International Cooperation Minister Sahar Nasr, began Thursday negotiations with a delegation of seven leaders of…
African Development Bank approves $1.5 bn loan to Egypt
Egypt

African Development Bank approves $1.5 bn loan to Egypt

The African Development Bank (AfDB) has approved a US$1.5 billion loan to Egypt to be paid out over three years,…
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