Tag: African Development Bank

High-level AfDB delegation to visit Egypt Monday for one week

AfDB’s joint venture portfolio consists of 29 projects with a total financing…

Shaimaa Al-Aees Shaimaa Al-Aees

Egypt to receive third tranche of AfDB loan by February 2018

The government of Egypt has never defaulted on its debt payments to…

Shaimaa Al-Aees Shaimaa Al-Aees

Nasr discusses $3bn cooperation strategy developments with AFDB 

Final procedures for the $500m third tranche of the $1.5bn loan were…

Mohamed Samir Mohamed Samir

Economic ministerial group discusses the third $500m tranche of AfDB’s loan

Egypt is currently in a good position to attract more investments, says…

Shaimaa Al-Aees Shaimaa Al-Aees

Petroleum Ministry to repay part of its dues to foreign partners in May

The ministry will complete the repayment of its dues after receiving the…

Mohamed Farag Mohamed Farag

AfDB approves $450m trade finance package for Afreximbank  

The package aims to boost intra-African trade and promote regional integration

Shaimaa Al-Aees Shaimaa Al-Aees

Egypt to receive 2nd tranche of AFDB loan within two weeks: AFDB

The government also called for AFDB to finance a sewage plant in…

Ahmed Farahat Ahmed Farahat

Egypt to receive 2nd tranche of African Development Bank loan

On Monday, the Minister of International Cooperation Sahar Nasr signed an agreement…

Hisham Salah Hisham Salah

External debt: a tricky, dangerous route towards reform

Egypt’s negotiations for loans from the International Monetary Fund, World Bank, and…

Hisham Salah Hisham Salah

AFDB to approve the second tranche of loan to support budget before end of 2016

AFDB funds Egypt with $800m annually, including the second and third tranches of…

Shaimaa Al-Aees Shaimaa Al-Aees