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.

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, which the bank funds with a total value of USD 150.6 mn.

The African Development Bank (ADB) has handed Egypt the third and final USD 500 million tranche of a USD 1.5 billion loan aimed at funding the government's economic and social programs

Egypt received on March 31 the second tranche of USD 500 mn from the USD 1.5 bn loan financed by the African Development Bank (AfDB) over a three-year period as part of a comprehensive program to economically develop and support the government's socio-economic program, Invest-Gate reports.