African Development Bank

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,…
Egypt expects $1.5 bn in aid by year-end, eyeing IMF
Egypt

Egypt expects $1.5 bn in aid by year-end, eyeing IMF

Egypt expects to receive $1.5 billion from the World Bank and African Development Bank by year-end to support the budget…
$1.5 bn worth of int’l loans to be channeled to State coffers before end of 2015: minister
Egypt

$1.5 bn worth of int’l loans to be channeled to State coffers before end of 2015: minister

International Cooperation Minister Sahar Nasr has said that the World Bank and African Development Bank have initialed two loans worth…
ADB: Credit rating of Egypt and Tunisia limits their borrowing
Business

ADB: Credit rating of Egypt and Tunisia limits their borrowing

Donald Kaberuka, head of the African Development Bank (ADB), said on Thursday that the low credit rating of Egypt and…
Egypt launches $2-million project to limit industrial waste
Business

Egypt launches $2-million project to limit industrial waste

Egypt has announced the launch of a $2-million project aimed at managing industrial waste and encouraging enterpreneurship.   The project…
Egypt to close loan deal with African Development Bank
Business

Egypt to close loan deal with African Development Bank

The African Development Bank has tentatively agreed to provide Egypt with US$2.5 billion over the next two years, which coincides…
Aviation Ministry borrows US$318 mln to renovate Sharm el-Sheikh Airport
Egypt

Aviation Ministry borrows US$318 mln to renovate Sharm el-Sheikh Airport

Civil Aviation Minister Hussein Massoud has said that the African Development Bank approved a loan of US$318 million to the…
Egypt to seek US$1 bln in loans from World Bank, African Development Bank
Business

Egypt to seek US$1 bln in loans from World Bank, African Development Bank

Egypt plans to officially apply for US$1 billion in loans from the World Bank and the African Development Bank, the…
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