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AfDB’s multi-disciplinary mission visits Cairo to review its strategy’s implementation
Expected mission’s outcome to result in updated programme of AfDB’s interventions in Egypt in next few years
AfDB prepares for its first-ever Africa Investment Forum kicking off in November
Financing Egypt’s, Africa’s development must be collective, cooperative task, says CM
Robust GDP growth in Egypt with 5.4% estimated in FY 2017/18, debt remain a problem: AfDB
Total infrastructure investment forecast for Egypt to 2040 is $444bn
Egypt to receive final $500m tranche of AfDB loan
Egypt signed on Sunday an agreement to receive the third and final $500m portion of its $1.5bn African Development Bank (AfDB) loan. The agreement was signed between Minister of Investment and International Cooperation Sahar Nasr and Malinne Blomberg, the AfDB’s country manager for Egypt. The AfDB loan aims to finance Egypt’s comprehensive structural reform programme. …
AfDB studies financing solar energy projects west of Nile
Two companies requested funding from bank, loans under $30m: El-Askari
AfDB, Egypt negotiate new finance agenda in 2018 : vice president
AfDB to upgrade informal settlements with $80m, says AfDB’s country manager
AfDB holds round-table for youth with the Bank’s Vice President during his visit to Egypt
During their visit to Egypt, a High-Level Delegation from the African Development Bank (AfDB), led by Khaled El Sherif, the Vice President, a round table event was organized with 20 young men and women participants of the Entrepreneurship Development Initiatives supported by the Bank under the project “Green Growth: Industrial Waste Management and SME Entrepreneurship …
High-level AfDB delegation to visit Egypt Monday for one week
AfDB’s joint venture portfolio consists of 29 projects with a total financing of $ 2.34bn, says Mokaddem
Egypt to receive third tranche of AfDB loan by February 2018
The government of Egypt has never defaulted on its debt payments to the international financial institutions, says AfDB’s resident representative
Nasr discusses $3bn cooperation strategy developments with AFDB
Final procedures for the $500m third tranche of the $1.5bn loan were discussed.
Economic ministerial group discusses the third $500m tranche of AfDB’s loan
Egypt is currently in a good position to attract more investments, says AfDB’s mission to Egypt
AfDB considers financing three solar energy projects in Egypt for $60m
The African Development Bank (AfDB) is considering financing three projects within the feed-in tariff programme in Benban, Aswan for $60m. A source at AfDB told Daily News Egypt that the bank has allocated $18m and $20m worth of finances for each project in the electricity production plant that depends on solar power. The source said …
Egypt’s foreign exchange reserves to reach $28.5bn by March: CBE
Egypt expects the second tranche of a $12bn IMF loan by May
AfDB approves $450m trade finance package for Afreximbank
The package aims to boost intra-African trade and promote regional integration
Egypt receives 2nd AFDB tranche, worth $500m
The loan supports the poorest segments of Egypt by creating jobs and SMEs, says International Cooperation Minister
EGP 10m grant from AFDB for developing Ashwa’yat
AFDB study to finance 5 renewable energy projects
Egypt to receive 2nd tranche of AFDB loan within two weeks: AFDB
The government also called for AFDB to finance a sewage plant in Abu Rawash
Egypt to receive 2nd tranche of African Development Bank loan
On Monday, the Minister of International Cooperation Sahar Nasr signed an agreement with Leila Mokaddem, resident representative of the African Development Bank (AFDB) to receive $500m as the second tranche of a $1.5bn loan. The loan was agreed on last year. The tranche will be given to Egypt in January 2017, according to Prajesh Bhakta, …
AFDB to approve the second tranche of loan to support budget before end of 2016
AFDB funds Egypt with $800m annually, including the second and third tranches of budget support
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IMF deal would be credit positive for Egypt: Fitch Ratings
Government is explaining the importance of the loan to parliament, not concerned about high US dollar exchange rate, says finance minister
Egypt targets $21bn loan over 3 years to finance economic programme
IMF to offer $12bn, while the World Bank, AFDB, and international bonds will secure the remainder of the loan
Egypt to implement new healthcare system in current FY: El-Garhy
AfDB agrees to provide grant to finance actuarial studies for new healthcare system
AfDB announces $140m fund for Egypt’s Administrative Capital
President of the African Development Bank (AfDB) Akinwumi Adesina said the bank will offer a $1.5bn fund for Egypt’s new Administrative Capital project.
10 international organisations to provide support to new comprehensive social health insurance system
Personal spending on health services reached more than 60% of total spending on health in Egypt, says Maait
Egypt’s government adopts holistic approach to reform the energy sector: AfDB
AfDB hopes reducing energy subsidies in Egypt to 3.3% in FY2016
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Egypt received first $500m portion of loan from AfDB: Amer
The CBE awaits the first portion of the loan agreed upon with the World Bank, which will be worth $1bn, to support the foreign exchange reserves
Industrial Development Bank negotiates with SFD to fund micro-enterprises
AfDB financed SFD with $72m for the Rural Income and Economic Enhancement Project
AfDB approves a $500m loan for Egypt’s economic development programme
AfDB seeks to support Egypt’s budget with $1.5bn over three years, says Minister of International Cooperation
AfDB grants Egypt $2.25m for victims of heavy rains, CBE project
International cooperation minister signed €50.2m loan for sanitation sector
EGP 1m granted towards after-effects of floods in Alexandria: AfDB
The grant consists of in-kind assistance for 5,000 families, emergency pumps and the clearing of drainage systems