China Development Bank
The ¥7 billion will be used to finance projects agreed upon at the BRI summit as well as the nine programs outlined in the Africa-China Cooperation forum in 2021
NBE announced in an official statement that the contract was signed at the China Development Bank HQ in Beijing.
The consortium aims to foster China-Africa cooperation as well as trade and investment relations, Banque Misr said in a statement.
On the sidelines of the exhibition, Egypt will hold a conference to promote investment and trade between Cairo and Beijing.
China's anti-graft watchdog said on Saturday the former head of the supervisory board at China Development Bank.