GAFI, AfDB deliver training, consultations to 600 Egyptian entrepreneurs

Tue, 23 Apr 2024 - 11:17 GMT

The AfDB funded the project, while GAFI delivered the workshops through Fekretak Sherketak Center.

Int'l partners' funding for Egypt reaches $10.3B over 4 years

Tue, 13 Feb 2024 - 03:22 GMT

This funding includes both developmental aid and investments in the private sector, along with technical support.

AfDB supports CIB with $148M to prop up SMEs and trade

Thu, 30 Nov 2023 - 05:40 GMT

The AfDB clarified that the instruments and amounts include $10 million Line of credit with a tenor of 10 years, and $90 million subordinated loan with a tenor of 10 years.

AfDB approves of new $131M loan to boost economic resilience

Wed, 29 Nov 2023 - 01:00 GMT

The $131 million loan, named the Private Sector Development and Economic Diversification Support Program, aims to “promote private sector development and economic diversification”

Egyptian chief of state discusses with AfDB president expanding cooperation

Tue, 04 Apr 2023 - 03:19 GMT

President Sisi expressed appreciation for the bank's role in supporting developmental sectors on the continent.

Switzerland, Spain commit €10M to AfDB at COP 27 in support to green urbanization

Fri, 18 Nov 2022 - 05:14 GMT

The AfDB's vice-president, Kevin Urama, stated in July that Africa was losing 5 percent to 15 percent of GDP per capita due to climate change.

AFDB could have key role in offering Africa's priorities to int'l community, says min.

Wed, 16 Nov 2022 - 08:13 GMT

Maait's remarks came during his meeting on Wednesday with AFDB President Akinwumi Adesina, on the sidelines of the 2022 UN Climate Change Conference, COP27, currently held in the Red Sea resort city of Sharm El Sheikh.

AfDB considers establishment of integrated agricultural industrial zones in Egypt

Tue, 15 Nov 2022 - 05:15 GMT

This came during a meeting between the Minister of Trade and Industry, Ahmed Samir, with the President of the African Development Bank Group, on Monday.

Egypt's central bank, AfDB ink MoU on hosting 2023 annual meetings in Sharm El-Sheikh

Mon, 12 Sep 2022 - 08:57 GMT

The MoU was signed by CBE Governor Hassan Abdallah and Secretary General of the African Development Bank Vincent Nmehielle, CBE said in a statement.

Egypt’s AfDB Country Strategy Paper launched during Egypt-ICF2022

Thu, 08 Sep 2022 - 09:00 GMT

The purpose of a new Country Strategy Paper (CSP) is to guide the cooperation framework between the Bank and the government in the five-year period after the expiration of the ongoing strategy.

Africa loses up to 15% of GDP per capita due to climate change: AfDB

Sun, 31 Jul 2022 - 06:52 GMT

Urama referred to difficulties which the black continent encounters such as opportunities for innovation.

AfDB projects 5.7% increase for Egypt’s economy in 2022

Wed, 27 Jul 2022 - 05:18 GMT

In its African Economic Outlook Report, AfDB statistics revealed that Egypt was one of the few African countries that showed positive growth in 2020, the year that witnessed the global outbreak of coronavirus pandemic.

AfDB agrees to grant $271M development financing to Egypt

Tue, 19 Jul 2022 - 02:04 GMT

The development financing approved by the AfDB to support the budget comes within the framework of the government's efforts to enhance efforts to combat the challenges facing development in the current period, as a result of global developments and their related impact on food security.

AfDB approves establishment of African Pharmaceutical Technology Foundation to boost sector's industry

Mon, 27 Jun 2022 - 04:13 GMT

The AfDB clarified that the new foundation will significantly enhance Africa’s access to the technologies that underpin the manufacture of medicines, vaccines, and other pharmaceutical products.

AfDB: Egyptian govt works on engaging private sector in climate projects

Mon, 11 Apr 2022 - 02:36 GMT

Ahead of COP27, Egypt is preparing a guidebook to help governments, multilateral development banks and the private sector engage in the mobilization of climate finance, the bank added.

Electricity min., AfDB discuss fostering renewable energy cooperation

Wed, 16 Mar 2022 - 06:05 GMT

Shaker said the Egyptian electricity sector has succeeded in completing many projects and programs in cooperation with the bank.

Egypt, AfDB harness regional climate action, south-south Cooperation through innovative climate finance

Tue, 15 Mar 2022 - 03:20 GMT

The Minister of International Cooperation, Rania A. Al-Mashat, held a high-level meeting with a delegation led by the Vice-President of the African Development Bank (AfDB), Kevin Kariuki, to harness South-South cooperation and enhance regional climate change action through innovative climate financing.

African Development Bank delegation in Egypt to ensure success of COP27

Mon, 14 Mar 2022 - 06:30 GMT

COP 27 is scheduled for November 2022 in the coastal city of Sharm El Sheikh.

Egypt, AfDB prepare for 2022-2026 country strategy in Presence of 17 national entities

Sun, 10 Oct 2021 - 01:55 GMT

This took place with the participation of the AfDB’s Executive Director for Egypt and Djibouti, Ahmed Zayed; the African Development Bank’s (AfDB) Deputy Regional Director for North Africa and Country Manager for Egypt, Malinne Blomberg; and officials from the Ministry of International Cooperation.

AfDB approves Egypt’s hosting of its annual meetings in 2023

Tue, 21 Sep 2021 - 04:50 GMT

Tarek Amer affirmed in a statement that Egypt's aspiration to host these important meetings, praising the historical relationship between Egypt and the African Development Bank, as Egypt is one of its founding countries in the 1960s.