A delegation from the African Development Bank (AfDB) and the Slums Development Fund visited Asmarat City and Tel El-Aqareb district on March 7, Invest-Gate reports.

This visit comes as a response to the agreement signed in February by the Minister of Housing and Urban Utiltities Mostafa Madbouly, Minister of Investment and International Cooperation Sahar Nasr, and Chairman of the Slums Development Fund with the AfDB to pump USD 560,000 into the development of slums.

“The visit aims to showcase the fund’s t accomplishments of the fund before the AfDB delegation, which all comes within the framework of international cooperation for investments in the development of slums,” the Fund’s Managing Director Khaled Sedeek said in a statement.