Egypt, World Bank advance plans for infrastructure financing guarantee mechanism
Egypt and the World Bank are in the final stages of launching a mechanism to attract private-sector investment into…
Browsing Tag
African Development Bank (AFDB)
Egypt, AfDB sign deals to study renewable energy-powered desalination plants
Egypt signed two agreements on Sunday with the African Development Bank (AfDB) to conduct technical studies for a…
Egypt in talks with global lenders to shield budget from energy price shock
Egypt is working around the clock with international partners and financial institutions to secure concessional…
Egypt signs $170m AfDB funding, $400K grant for Abu Rawash
Egypt signed a $170 million financing agreement with the African Development Bank (AfDB) to support private sector…
Egypt, Scatec, global lenders sign intent letters for solar project powering Egyptalum
Egypt signed letters of intent on Monday with Norway’s Scatec ASA and several international development banks to…
Egypt to host 21st APUA congress
Egypt will host the 21st General Conference of the Association of Power Utilities of Africa (APUA) from September…
Egypt ranks 2nd in AfDB Public Service Delivery Index
Egypt ranked second in the African Development Bank’s (AfDB) 2024 Public Service Delivery Index, scoring 58.99…
Egypt’s c.bank chief welcomes Khaled Sherif’s election to key AfDB post
Khaled Sherif, a prominent Egyptian economist, has been elected as Executive Director representing Egypt and…
AfDB cuts Africa’s ’25 growth forecast to 3.9%
The African Development Bank (AfDB) has cut its 2025 economic growth forecast for Africa to 3.9 per cent, down from…
El-Sisi, AfDB chief discuss boosting development, private sector role in Africa
Egyptian President Abdel Fattah El-Sisi met on Monday with African Development Bank (AfDB) President Akinwumi…
Egypt approves AfDB Shift to SOFR in benchmark rate overhaul
Egypt has ratified an agreement with the African Development Bank (AfDB) to replace the London Interbank Offered…
Egypt approves $2m grant from AfDB for VICMED feasibility studies
Egypt has approved a $2 million grant from the African Development Bank to support the second phase of feasibility…
AfDB approves $170m loan for Egypt’s private sector, green growth
The African Development Bank (AfDB) has approved a $170 million loan to Egypt to support the second phase of its…
Sudan boosts pledge as Africa seeks $25b for development fund
Sudan has boosted its pledge to the African Development Fund’s upcoming replenishment, committing $3 million,…
GAFSP unveils $75 million investment to boost agricultural MSMEs
The Global Agriculture and Food Security Program (GAFSP) has introduced a $75 million investment window aimed at…
AfDB approves €70 million financing for Bank of Africa
The African Development Bank (AfDB) approved financing of 70 million euros ($78.3 million) for Morocco's Bank of…
WHO, partners offer $1.5b to world vulnerable communities
The World Health Organization (WHO), in partnership with several multilateral development banks (MDBs), has…
AfDB allocates €92.3m for entrepreneurship, jobs in Tunisia
The African Development Bank (AfDB) has approved a €92.3 million financing package to support Tunisia's Support…
AfDB forecasts Algeria’s GDP to grow by 4.0% in ’24, 3.7% in ’25
The African Development Bank (AfDB) forecasts Algeria’s gross domestic product (GDP) will grow by 4.0 per cent in…
World Bank, AfDB to provide electricity for 300m Africans by ’30
The World Bank Group and African Development Bank (AfDB) have launched an initiative to provide electricity to 300…
AfDB approves $1b loan for S. Africa’s Transnet
The African Development Bank (AfDB) has approved a $1 billion loan for South Africa's Transnet to support the…
AfDB launches initiative to map women’s associations
The African Development Bank (AfDB) launched a project to map 160 women entrepreneurs' associations across 16…
Egypt secures $131m from AfDB
Egypt's Ministry of International Cooperation recently signed an agreement with the AfDB worth $131 million to…
Africa’s economies to grow 3.7% in ’24, 4.3% in ’25 – AfDB chair
Africa's economic growth is poised to accelerate to 3.7 per cent this year and 4.3 per cent next, up from 3.1 per…
Africa needs $1.3t annually for sustainable development – minister
Africa needs $1.3 trillion annually to meet its sustainable development needs by the end of this decade in 2030,…
British lender announces $100m financing pact for Africa
British International Investment, a development lender, announced a $100 million financing agreement with TDB.
COP28: France, Japan back AfDB’s SDR plan
France and Japan will support the African Development Bank’s scheme to use IMF Special Drawing Rights (SDRs) for…
AfDB calls for investment in SAPZs
Akinwumi Adesina, President of the African Development Bank (AfDB), called for investment in Special…
Saudi ACWA Power secures $123 mln to construct solar project in Egypt
Saudi Arabian utility developer ACWA Power announced on Wednesday that it has successfully secured a $123 million…
Egyptian firms on AfDB’s funding priority – minister
Egyptian firms were prioritized for funding from the African Development Bank (AfDB), with Egypt's ability to…
Fintech startups raise $250 million in Egypt: CBE sub governor
Fintech startups have raised $250 million in Egypt said Rasha Negm, Assistant Sub-governor of fintech, during the…
Africa’s 0.2% shares of global green bonds need to get higher- AfDB Chief
Africa’s shares of global green bonds represent 0.2 percent of two trillion dollars, said president of the African…
Africa offers private sectors investment opportunities in green development area
Africa offers the private sector trillion-dollar investment opportunities in green development sectors, including…
AfDB 2023 Annual Meetings: Somalia requires financial mechanisms to support economic…
Somali Prime Minister Hamza Abdi Barre said on Tuesday that the state requires dedicated financial mechanisms to…
AfDB 2023 Annual Meetings: Egypt’s PM urges for critical review of Africa’s economic…
Egyptian Prime Minister Moustafa Madbouly has on Tuesday urged for a critical review of Africa's economic…
Sisi: Africa needs $200 bln annually for sustainable development
President Abdel Fattah al-Sisi said on Tuesday that Africa needs $200 billion to annually to reach sustainable…
BREAKING: AfDB to support heat tolerant wheat varieties programme in Egypt
The African Development Bank (AfDB) is working with authorities in Egypt on a new programme to support the country…
Kenya’s 3rd green bond oversubscribed
Kenya’s third green bond was oversubscribed, announced president of the African Development Bank Group (AfDB),…
AfDB 2023 Annual Meetings to release AEO report
The African Development Bank Group (AfDB) will launch the 2023 edition of its flagship African Economic Outlook…
President of Zimbabwe heads to Egypt for AfDB Annual Meetings 2023
President Emmerson Mnangagwa of Zimbabwe is heading to Egypt to join over 3,000 delegates at the 58th Annual…