Latest in Tag: AfDB Highlight
Latest in Tag: AfDB
The agreement will see the Egyptian National Railway Authority’s (ENRA) main Alexandria, Cairo, Assiut, Naga Hammadi lines and Benha-Port Said line extended.
Agreement to help bridge $2.5trn annual financing gap for development in Africa
The financing comes as part of the Egypt National Railways Modernization Project (ENRMP), and will be used to enhance operational safety and to increase network capacity on national rail lines.
The bank stood out at the 22nd edition of the Global Finance Best Investment Bank Awards, where the prestigious US magazine, which specialises in financial markets, recognises investment banking capacities.
Country’s economy grows at slower rate than in 2019, but did not enter recession thanks to high domestic consumption
Bankreceived broad recognition for quick response to Africa’s needs in wake of COVID-19 pandemic
The AfDB will provide financing of €108m in addition to a grant of €1m, with the project set to benefit some 22,000 households in the governorate.
The African Development Bank (AfDB) and the European Investment Bank (EIB) signed, on Wednesday, a joint partnership action plan highlighting their strengthened cooperation and mutual development priorities. The partnership also aims to showcase a strong shared emphasis on boosting public and private sector investment in Africa. The Joint Action Plan enables both institutions to grow …
Bank commits to Africa’s water, sanitation, health services in 2021
Effects of pandemic likely to be felt long-term, require continuous efforts to help countries, especially in Africa, recover, says Akinoumi Adesina
Secretariat to be located in Ghanaian capital, Accra
The programme aims to promote sustainable development and mitigate climate change impacts on Egypt.
AfDB issues $3bn social impact bond to support national coronavirus response
Earlier than expected production from Zohr gas field supports Egypt’s contribution, says AEO report
Minister of International Cooperation Al-Mashat called on AfDB to expand its future financial support for Egypt’s private sector
The AOI’s investment has doubled in Africa, says Al-Taras
AfDB is one of the key supporters of the Egyptian economy, says banks’ country manager
Egypt’s position in GII is advancing due to recent legislative reforms, says Blomberg
Macroeconomic stabilisation helped us in pushing partnered projects forward, says Blomberg
Malinne Blomberg, Egypt’s country manager at the African Development Bank (AfDB), signed with Egypt’s Minister of Investment and International Cooperation, Sahar Nasr, a grant worth $600,000 to prepare the feasibility study, as well as the environmental and social impact assessment for the joint project titled ‘Sludges Treatment of Aborawash and Zinin plants.’ The signing took …
Bank’s mission will conclude its visit with authorities on Thursday
Bank’s current portfolio in Egypt reached $3bn, distributed over 31 projects
Supporting emerging companies is ministry’s key role to achieve economic development, job creation, support for small investors, says Nasr
‘We financed three operations worth $506m in 2018,’ says AfDB Egypt’s Country Manager
Bank plans for regional programme gathering North Africa’s entrepreneurs, says El Sokkary
Coming period will witness increased cooperation between Egypt, AfDB, says Nasr
Expected mission’s outcome to result in updated programme of AfDB’s interventions in Egypt in next few years
Financing Egypt’s, Africa’s development must be collective, cooperative task, says CM
Total infrastructure investment forecast for Egypt to 2040 is $444bn
Egypt signed on Sunday an agreement to receive the third and final $500m portion of its $1.5bn African Development Bank (AfDB) loan. The agreement was signed between Minister of Investment and International Cooperation Sahar Nasr and Malinne Blomberg, the AfDB’s country manager for Egypt. The AfDB loan aims to finance Egypt’s comprehensive structural reform programme. …