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Afreximbank funds EGPC with $200m

The African Export–Import Bank (Afreximbank) signed a credit facility agreement worth $200m with the Egyptian General Petroleum Corporation (EGPC) on Thursday to support the expansion of electricity generation and distribution in the country. Head of the bank, Benedict Okey Oramah, said the facility will secure the required fuel to support Egypt’s industrial sector through financing …

Daily News Egypt

Exporta conference: growth in Africa, decline in Europe

The fifth annual “Egypt, Trade and Export Finance” conference was held yesterday in Cairo. Trade experts, bankers and businessmen convened to discuss export and trade opportunities for Egypt, in the context of the ongoing dialogue on the country’s economy. Optimism was driven by positive factors favouring the Egyptian economy which make it able to regain …

Mohamed Salah

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