Latest in Tag: AfDB Highlight
Latest in Tag: AfDB
Egypt, AfDB sign €145m agreement to improve railway system
The agreement will see the Egyptian National Railway Authority’s (ENRA) main Alexandria, Cairo, Assiut, Naga Hammadi lines and Benha-Port Said line extended.
AfDB, EBRD partner to promote sustainable private sector development in Africa
Agreement to help bridge $2.5trn annual financing gap for development in Africa
AfDB extends €145m loan to bolster Egypt’s railway safety, reliability
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.
AfDB named World’s Best Multilateral Financial Institution 2021 by Global Finance
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.
Egypt’s GDP projected to record 3% in 2021: AfDB
Country’s economy grows at slower rate than in 2019, but did not enter recession thanks to high domestic consumption
African Development Bank named World’s Best Multilateral Financial Institution 2021 by Global Finance
Bankreceived broad recognition for quick response to Africa’s needs in wake of COVID-19 pandemic
International Cooperation Ministry, AfDB sign development financing of €109m for rural Luxor sanitation services
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.
AfDB, EIB sign action plan to fast-track development in Africa
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 …
AfDB investments transform continent: ADER Report
Bank commits to Africa’s water, sanitation, health services in 2021
AfDB to hold its annual meeting online for first time amid COVID-19
Effects of pandemic likely to be felt long-term, require continuous efforts to help countries, especially in Africa, recover, says Akinoumi Adesina
AfDB offers $5m grant to establish AfCFTA secretariat
Secretariat to be located in Ghanaian capital, Accra
AfDB approves €225m finance for Egypt’s Electricity, Green Growth Support Program
The programme aims to promote sustainable development and mitigate climate change impacts on Egypt.
International banks reiterate support for Egypt’s development plans
AfDB issues $3bn social impact bond to support national coronavirus response
Egypt contributes most to Africa’s annual growth: AfDB
Earlier than expected production from Zohr gas field supports Egypt’s contribution, says AEO report
Egypt, AfDB discuss deepening joint strategic partnership
Minister of International Cooperation Al-Mashat called on AfDB to expand its future financial support for Egypt’s private sector
AOI likely to invest in renewables, desalination projects in Africa with funds from AfDB, Afreximbank: chairperson
The AOI’s investment has doubled in Africa, says Al-Taras
Egypt to participate in AIF2019
AfDB is one of the key supporters of the Egyptian economy, says banks’ country manager
AfDB provides EGP 10m grant to support Egypt’s entrepreneurship ecosystem
Egypt’s position in GII is advancing due to recent legislative reforms, says Blomberg
AfDB funds 50 projects in Egypt worth of $3.3bn in 4 years
Macroeconomic stabilisation helped us in pushing partnered projects forward, says Blomberg
MIIC, AfDB ink study for one of world’s biggest sanitation projects
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 …
AfDB, Egypt continue discussions on establishment of guarantee investment fund
Bank’s mission will conclude its visit with authorities on Thursday
AfDB has supported Egypt with $1.5bn over past 3 years
Bank’s current portfolio in Egypt reached $3bn, distributed over 31 projects
Egypt, AfDB sign EGP 80m grant for development of entrepreneurship
Supporting emerging companies is ministry’s key role to achieve economic development, job creation, support for small investors, says Nasr
AfDB, Egypt to prepare new five-year strategy soon
‘We financed three operations worth $506m in 2018,’ says AfDB Egypt’s Country Manager
AfDB to sign new entrepreneurship agreement with ASRT in November
Bank plans for regional programme gathering North Africa’s entrepreneurs, says El Sokkary
Egypt receives final $500m tranche of AfDB’s $1.5bn loan
Coming period will witness increased cooperation between Egypt, AfDB, says Nasr
AfDB’s multi-disciplinary mission visits Cairo to review its strategy’s implementation
Expected mission’s outcome to result in updated programme of AfDB’s interventions in Egypt in next few years
AfDB prepares for its first-ever Africa Investment Forum kicking off in November
Financing Egypt’s, Africa’s development must be collective, cooperative task, says CM
Robust GDP growth in Egypt with 5.4% estimated in FY 2017/18, debt remain a problem: AfDB
Total infrastructure investment forecast for Egypt to 2040 is $444bn
Egypt to receive final $500m tranche of AfDB loan
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. …