Egypt, AfDB discuss expanding development financing ties
The governor of the Central Bank of Egypt (CBE) met on Sunday with the president of the African Development Bank…
Browsing Tag
African Development Bank
UN Chief appoints Egypt’s Al-Mashat as ESCWA executive secretary
United Nations Secretary-General António Guterres appointed Rania A. Al-Mashat of Egypt as Executive Secretary of…
Egypt’s Sisi approves $499,000 AfDB’s MIC-TAF grant
Egypt has approved a grant agreement with the African Development Bank (AfDB) worth 499,000 units of account (UAs)…
Egypt’s parliament approves 4 development grants from international partners
Egypt’s House of Representatives has approved four international grant agreements across multiple sectors,…
Egypt signs financing agreements for Energy Valley Solar project
Egyptian Prime Minister Moustafa Madbouly on Monday witnessed the signing of preliminary financing agreements for…
Egypt advances phase II of $2m AfDB-funded Lake Victoria–Med corridor project
Egypt is advancing the second phase of the Lake Victoria–Mediterranean (VIC-MED) corridor, backed by a $2 million…
Egypt, France in talks on sustainable financing, debt relief
Egypt’s Minister of Planning Rania Al-Mashat held talks with William Roos, Assistant Minister of Treasury of France…
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…
AfDB to launch Africa’s 1st entrepreneur bank
The African Development Bank (AfDB) is preparing to launch the first investment bank in Africa dedicated to…
AfDB sees Egypt’s economy gradually recovering
Egypt’s economy is expected to maintain its recovery in the coming years, with the African Development Bank (AfDB)…
Egypt’s c.bank governor leads delegation to AfDB Annual Meetings in Abidjan
Central Bank of Egypt (CBE) Governor Hassan Abdalla is heading Egypt’s delegation to the African Development Bank’s…
AfDB to elect new president amid funding challenges
The African Development Bank (AfDB) will elect a new president this week during its annual summit in Abidjan, as…
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,…
AFC raises $1.16b syndicated loan to close Africa infrastructure gap
AFC, the main provider of infrastructure solutions in Africa, has closed its largest-ever debt facility, a $1.16…
Rwanda to host APTF in collaboration with EIB, AfDB
Rwanda decided to host the African Pharmaceutical Technology Foundation (APTF) in collaboration with the African…
AfDB plays key role in fostering economic development in continent – CBE governor
Hassan Abdalla, Governor of the Central Bank of Egypt (CBE) and Chairman of the Board of Governors of the African…
UK to grant African Development Bank £200 million for climate action
UK Foreign Secretary James Cleverly has said on Tuesday that his country would provide £200 million ($2.29 million)…
African Development Bank mulls $100 million line of credit for Egypt’s Banque Misr
The African Development Bank (AfDB) is considering a new line of credit up to $100 million to Egypt’s state-run…
Egypt, AfDB embark national consultations on new strategy 2022-2026
Egypt launched on Sunday national consultations with the African Development Bank (AfDB) to prepare for the new…
Egypt to host African Development Bank 2023 annual meetings
The board of African Development Bank (AfDB) has unanimously agreed on Egypt’s request to host the bank’s annual…
AfDB board approves €145 million loan for Egypt rail system upgrade scheme
The African Development Bank’s (AfDB) board approved on Tuesday a €145 million ($171.7 million) loan to finance…
Egypt inks €109 million AfDB financing deal to provide sanitation services to rural areas…
Egypt signed on Thursday a development financing deal worth €109 million ($131.1 million) with the African…
Egypt’s parliament approves 10 global pacts worth more than $400 million
Egypt’s parliament has approved 10 agreements signed with a number of international institutions worth more than…
AfDB board approves €22 million loan to support Egypt’s electricity sector
The African Development Bank’s (AfDB) board of directors approved on Wednesday a €22 million ($24.75 million) loan…
AfDB approves $500,000 in emergency coronavirus pandemic aid for Egypt
The African Development Bank (AfDB) on Wednesday said its board of directors approved $500,000 in emergency…
AfDB launches $10 billion coronavirus aid to help Africa governments, private sector
The African Development Bank (AfDB) has on Friday launched a $10 billion facility to help governments and private…
AfDB says Egypt’s economy to grow 5.8% in 2020, 6% in 2021
Egypt’s economy is forecast to strengthen to 5.8 percent in 2020 and to 6 percent in 2021, the African Development…
AfDB Oks $22 mln loan to expand SME, corporate leasing financing in Egypt
The African Development Bank (AfDB) approved on Wednesday a $22 million senior loan to help Egyptian corporate…
African Development Bank organises conference in Sharm El-Sheikh
The Red Sea resort city of Sharm El-Sheikh will host the 14th African Economic Conference on 2-4 December.
Zimbabwe to clear World Bank, AfDB arrears in 12 months; says FinMin
Zimbabwe seeks to clear its $2 billion arrears with the World Bank and African Development Bank (AfDB) in the next…
Egypt receives final third of $1.5bn loan from African Development Bank
The final $500 million tranche was received by Egypt as part of a $1.5 billion African Development Bank (AfDB) loan…
AfDB to send Egypt $500 mln final tranche in January
Egypt to receive the third and final $500 million tranche of a $1.5 billion African Development Bank (AfDB) loan in…
AfDB delegation in Egypt ahead of review for final loan payout
A high-level delegation from the African Development Bank (AfDB) has arrived in Egypt to prepare for a review…
AfDB delegation to meet with Egyptian officials next week
A high-level delegation from the African Development Bank (AfDB) is set to visit Egypt on Monday to discuss current…
AfDB vice president to lead high-profile delegation to Egypt next October
An African Development Bank (AfDB) high-level delegation will arrive in Egypt next October 2-8, headed by the…
Africa50 joins Scatec’s Egypt 400-MW soler power project
The infrastructure fund of the African Development Bank (AfDB), Africa50 signed Wednesday a joint development…
AfDB approves $55 mln loan for three solar flagships in Egypt
African Development Bank (AfDB) has approved three senior loans for a total amount of $55 million to finance…
AfDB says Egypt investments record $1.9 billion since 2015
The African Development Bank (AfDB) has so far invested $1.9 billion in Egypt as part of the three-year country…
AfDB team in Cairo next September to receive final disbursal of $1.5bn loan
An African Development Bank (AfDB) delegation will arrive in Cairo next September for a mid-term review required…
AfDB, Egypt in talks for $3bn cooperation scheme
Egypt’s Ministry of Investment and International Cooperation recently met with the African Development Bank (AFDB)…