African Development Bank
Egypt to receive $271 mln loan from African Development Bank to support nation’s food security
Business
January 16, 2023
Egypt to receive $271 mln loan from African Development Bank to support nation’s food security
During a plenary session on Monday, the House of Representatives approved the Agriculture and Irrigation Committee’s report, issuing Resolution 613…
Cabinet approves loan deal with AfDB on supporting food security
Egypt
December 1, 2022
Cabinet approves loan deal with AfDB on supporting food security
The cabinet approved during a meeting on Wednesday under PM Mostafa Madbouli a draft presidential decree on a dlrs 271…
African Development Bank approves €83 million loan for Egypt’s electricity sector
Business
June 17, 2021
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
August 29, 2019
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
January 18, 2018
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
October 5, 2017
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
March 22, 2017
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
December 14, 2016
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
February 20, 2016
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
February 20, 2016
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…