AfDB approves €225 million loan to finance Egypt’s Electricity, Green Growth Support Program

Wed, 17 Jun 2020 - 05:37 GMT

The project would help meet the Government’s financing requirements, expand social expenditures to mitigate the socio-economic impact of the pandemic.

AfDB probes offering additional funding to help Egypt cushion COVID-19 impacts: official

Fri, 05 Jun 2020 - 09:53 GMT

Blomberg noted that an agreement would soon be signed with the Egyptian government on emergency grant funding worth $500,000 for the categories harmed by COVID-19.

Egypt discusses private sector role with int’l financial institutions

Thu, 30 Apr 2020 - 01:52 GMT

The meeting was attended by officials from World Bank (WB), IFC, European Investment Bank (EIB), European Bank for Reconstruction and Development (EBRD) and African Development Bank (AfDB).

AfDB supports its members, including Egypt, by $3M-bond

Tue, 07 Apr 2020 - 12:03 GMT

Bloomberg added that this step will entail enhancing communication between stakeholders at the government, private sector and civil society levels to provide joint ownership.

AfDB expects Egyptian growth rate to up to 5.8% in 2020, 6% in 2021

Tue, 04 Feb 2020 - 09:40 GMT

In a report on African economic outlook 2020, the bank attributed this rise to the economic reform measures adopted by Egypt since 2016.

AfDB shareholders approve landmark $115 billion capital increase

Sat, 02 Nov 2019 - 09:56 GMT

The boost in capital ensures that the Bank will continue to maintain a sterling AAA rating, all stable, from the top rating agencies.

AfDB supports 5 main realms on continent: country manager

Tue, 06 Aug 2019 - 10:55 GMT

Country Manager Malinne Blomberg stated on Monday that the African Development Bank (AfDB) supports five main realms on the continent, highlighting that they match Egypt’s development agenda.

Egypt, AfDB sign $600,000 grant to outline study on sludge treatment

Tue, 26 Mar 2019 - 01:13 GMT

The grant deal was signed Tuesday in the presence of Housing Minister Assem el Gazzar.

Egypt, AfDB discuss boosting cooperation in different developmental domains

Wed, 06 Mar 2019 - 02:11 GMT

This came during Madbouli's meeting with a bank delegation in the presence of Minister of Investment and International Cooperation Sahar Nasr.

AfDB: Egypt produces fifth of Africa's electricity

Thu, 21 Feb 2019 - 12:31 GMT

This came in an AfDB report on Egypt which was announced during a press conference at the Egyptian Investment and International Cooperation Ministry.

Egypt, AfDB sign LE 80M grant to support entrepreneurship

Thu, 21 Feb 2019 - 12:14 GMT

The grant was signed by Minister of Investment Sahar Nasr and AfDB’s country Manager of Egypt Malinne Blomberg, in the presence of Minister of Higher Education Khaled Abdel Ghaffar.

Investment in infrastructure, human capital top priority: minister

Wed, 16 Jan 2019 - 10:42 GMT

AfDB is keen on fully supporting Egypt within the coming period.

Sisi approves 2 loans bet. Egypt, AFDB worth $105M

Thu, 13 Dec 2018 - 03:09 GMT

Sisi issued decree No. 178 of 2018 approving a loan agreement of the African Development Bank related to the Sustainable Development of the Abu Rawash Water Treatment and Sewage Treatment Project for $100 million.

Green Finance & the African Continent

Sun, 09 Dec 2018 - 10:58 GMT

Over the past few years, Egypt has made great strides in securing investments for its renewable energy sector. African Development Bank Country Manager Malinne Blomberg shares how Africa can take a page out of Egypt’s book to make its rich energy resource

Transport min., AfDB manager discuss boosting bilateral cooperation

Thu, 01 Nov 2018 - 02:16 GMT

During the meeting, Arafat reviewed available investment and funding opportunities in the transportation sector, which is witnessing a quantum leap in the current phase.

AFDB to disburse $500mn to Egypt within days

Fri, 21 Sep 2018 - 11:12 GMT

The African Development Bank (AFDB) is currently taking all needed procedures to disburse the third and last tranche of its 1.5 billion dollar loan to Egypt

Egypt approves $1.5M loan from AfDB

Sun, 18 Mar 2018 - 04:05 GMT

Abu Rawash sewage station will be constructed over three years at a cost of LE 5.5 billion.

Egypt receives last $1B tranche of World Bank loan

Wed, 07 Mar 2018 - 04:12 GMT

Egypt received the third tranche, worth $1 billion, of the World Bank’s $3 billion loan, Investment Minister Sahar Nasr said. Wednesday.

AfDB president pleased with strategic partnership with Egypt

Sat, 10 Feb 2018 - 12:56 GMT

President of the African Development Bank Akinwumi Adesina said he is pleased with the strategic partnership between Egypt and the AfDB.

ADP chief in Cairo to take part in science forum

Fri, 09 Feb 2018 - 05:36 GMT

President of (ADP), Akinwumi Adesina arrived in Cairo leading a delegation to take part in the activities of the 3rd Africa forum on Science.