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 ...

Egypt, AfDB in Talks for Cairo-Cape Town Highway

Minister of Transport Kamel El Wazir said that Egypt is holding discussions with the African Development Bank (AfDB) for a USD 1.5 bn (EGP 22.5 bn) loan to partially finance the Cairo-Aswan Road

Egypt, AfDB Seek Investments for Cairo-Cape Town Road

Minister of Transport Kamel El Wazir has discussed with an African Development Bank (AfDB) delegation a potential joint investment in the planned Cairo-Cape Town highway project.

Housing Ministry, AfDB Inspects USD 150.6 mn Sanitation Projects

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has met with representatives of the African Development Bank (AfDB) to review work done at two sanitation projects underway in west Cairo, whic ...

AfDB Invested USD 2.8 bn in 30 Egyptian-Based Projects Since 2016: President

The African Development Bank Group's (AfDB) President Akinwumi Adesin said the bank has invested up to USD 2.8 bn in 30 Egyptian-based projects since the country kicked off its economic reform program in 2016

Egypt Signs Final USD 500 mn Tranche of AfDB Budget Support Loan

Egypt signed the third, and final, USD 500 mn tranche of a USD 1.5 bn budget support loan package from the African Development Bank (AfDB)

Egypt, AFDB Discuss Program to Support Infrastructure Projects

The Egyptian government is in discussions with the African Development Bank (AFDB) for a program worth USD 3 bn planned for 2015-2019, aiming to support Egypt's infrastructure projects, Invest-Gate reports.

AfDB Pumps USD 560,000 in Slums Development Fund

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.

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