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France Underpins Egypt’s Energy Sector with EUR 151 mn

Minister of International Cooperation Rania Al-Mashat and the Agence Française de Développement (AFD) have agreed on a grant worth EUR 151 mn (EGP 2.75 bn) for enhancing the Egyptian energy sector's financial sustainability, governance, and operational efficiency.

The United Bank Grants EGP 130 mn Mortgages in H1: Official

Head of Real Estate Finance Sector at The United Bank of Egypt Ayman Mohamed has affirmed that 1,000 clients were granted EGP 130 mn worth of mortgage financing in H1 2020.

Banque Misr, FEI Partner to Spur Mortgage Financing

Banque Misr and the Real Estate Development Chamber at the Federation of Egyptian Industries (FEI) signed on June 17 a cooperation protocol to stimulate local real estate financing.

Egypt, China to Build EGP 303 mn Substation in Madinaty II

The Egyptian Electricity Transmission Company (EETC) has partnered with a Chinese consortium to build a substation in Madinaty II, east Cairo, at costs estimated at EGP 303 mn.

Egypt, AFD Ink EUR 50 mn Deal to Revamp Cairo Metro Line I

Minister of International Cooperation Rania Al-Mashat has signed a EUR 50 mn (EGP 912.6 mn) agreement with Agence Française de Développement (AFD) to finance the upgrading of Cairo Metro Line I.

Orascom Donates Emergency Unit in Qasr El Aini Hospital

Egypt-based Orascom Construction has successfully funded, built, and fitted a new 170-square-meter Emergency Gynaecology Unit at Qasr El Aini Hospital in Egypt.

Dawi Clinics Sets Foot in Nile Delta

Outpatient healthcare services provider Dawi Clinics expands outside the capital city and set foot into the Nile Delta, opening a new branch in Tanta.

Egypt Earmarks EGP 93.5 bn for Healthcare in FY 2020/21

Minister of Planning and Economic Development Hala El Saeed has uncovered the allocation of EGP 93.5 bn to the Egyptian healthcare sector in the FY 2020/21 budget, reflecting a 28% hike from allotments of the year-ago period.

AfDB Extends EUR 225 mn for Egypt’s Power Industry, Economic Growth

The African Development Bank Group (AfDB) will grant EUR 225 mn (EGP 4.1 bn) in financing to Egypt’s Electricity and Green Growth Support Program (EGGSP), in a bid to provide necessary funds to combat the pandemic and "support a sound electricity infrastructure base."

EIB Endows EUR 122.7 mn for Egypt’s Sanitation, Transport Sectors

Egypt has approved three funding agreements with the European Investment Bank (EIB) to finance local sanitation and transportation sectors at a combined value of EUR 122.7 mn (EGP 2.23 bn).

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