African Export-Import Bank, Egypt to sign US$500 million Finance Pact

By Yomna Yasser On Feb 4, 2015

Egypt is in talks with the African Export-Import Bank (Afreximbank) to sign a cooperation agreement worth US$500 million, Egyptian trade minister Mounir Fakhry Abdel Nour announced.

Abdel Nour said his ministry is targeting a financing worth US$500 million to support and facilitate Egyptian exports to penetrate into African markets.

These remarks made during a meeting held by the Egyptian minister with a number of Afreximbank’s representatives, aiming to develop joint cooperation.