African Development Bank

Sisi approves increasing Egypt's subscription in AfDB's capital

Thu, 09 Jul 2020 - 10:15 GMT

The decision was regarding the allocation of shares in the capital of the African Development Bank.

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.

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.

Egypt provides 1900 scholarships to African students

Fri, 21 Dec 2018 - 12:29 GMT

The Ministry of Education provided 1900 scholarships to African students, estimated at $17 million annually.

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

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 3rd largest member of African Development Bank

Wed, 05 Sep 2018 - 10:19 GMT

Egypt is the third largest member at the African Development Bank,” Country Manager of the African Bank Malinne Bloomberg said.

Sisi inaugurates third Africa STI Forum in Cairo

Sat, 10 Feb 2018 - 09:07 GMT

President Abdel Fatah al-Sisi inaugurated on Saturday the third Africa Forum on Science, Technology and Innovation ("Africa STI Forum").

Presidential decree approving grant to fight corruption in Egypt

Thu, 08 Feb 2018 - 10:47 GMT

Egypt's official gazette published on Thursday President Abdel Fatah al-Sisi’s decree approving a grant worth $3.5M to fight corruption

AFDB approves $500M in last tranche of its loan to Egypt

Thu, 18 Jan 2018 - 11:54 GMT

AFDB approved on Thursday the third and last tranche, worth 500 million, of a $1.5 billion loan package.

CORRECTED-World Bank approves $1.15 bln development policy loan for Egypt

Wed, 06 Dec 2017 - 05:59 GMT

The World Bank Group said its executive board approved a $1.15 billion development policy loan for Egypt to support the country's economic reform programs.

World Bank approves $1.15 bln loan for Egypt

Tue, 05 Dec 2017 - 07:32 GMT

The World Bank Group said its executive board approved on Tuesday a $1.15 billion development policy loan for Egypt.

Sisi approves grant agreement with AfDB

Thu, 02 Nov 2017 - 12:05 GMT

Sisi issued a decree approving a loan agreement signed by the African Development Bank (AfDB) to provide Egypt with 560,000 dollars to develop slum areas.

ADB says could consider $400 mln loan for Nigeria

Tue, 31 Oct 2017 - 07:11 GMT

The African Development Bank said on Tuesday it could consider an additional $400 million for Nigeria to support its growth and recovery efforts.

PM confers with AFDB delegation on ways to enhance cooperation

Wed, 04 Oct 2017 - 07:19 GMT

Prime Minister Sherif Ismail on Wednesday met with a delegation of the African Development Bank (AFDB)