African Reinsurance successfully places capital increase to $500 million
African Reinsurance Corporation (Africa Re), Africa’s leading reinsurer, has completed a plan to increase its…
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African Development Bank
Sisi invites Sudan’s Bashir to Africa Investment Forum
Egyptian President Abdel Fattah al-Sisi extended an official invitation to his Sudanese counterpart Omar al-Bashir…
AfDB’s $500 million loan transferred to Egypt central bank’s account
A US$500 million loan from the African Development Bank (AfDB) was transferred Thursday evening to the Egyptian…
Egypt receives AfDB, World Bank’s $1.5bn first trance: minister
Egypt has received US$1.5 billion worth of the first tranches of both African Development Bank and World Bank’s…
Egypt to receive AFDB’s $500mn-loan ‘within hours’, WB’s loan by January
Egypt will receive "within hours" $500 million as part of a loan from the African Development Bank (AfDB),…
Egypt’s National Bank, AfDB portfolio for SMEs hit $340mn
The total funds provided by the African Development Bank (AfDB) in favor of the National Bank of Egypt (NBE) for…
Three key Egyptian banks negotiating AfDB for SME finances
Three major Egyptian banks, the National Bank of Egypt, Commercial International Bank, and Banque Du Caire are…
AfDB to sign Egypt’s $500 million loan today
Egypt is to sign Thursday a $500 loan with the African Development Bank (AfDB) in the presence of Egyptian Prime…
AfDB board gives nod to $500 million Egypt loan
The African Development Bank’s (AfDB) board of directors has approved Tuesday to pass US$500 million loan to…
Egypt negotiating €257 million aid from EU: minister
Egypt is negotiating a €257 million aid from the European Union to finance urgent developing projects in the…