Latest in Tag: AfDB Highlight
Latest in Tag: AfDB

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. …

AfDB studies financing solar energy projects west of Nile
Two companies requested funding from bank, loans under $30m: El-Askari

AfDB, Egypt negotiate new finance agenda in 2018 : vice president
AfDB to upgrade informal settlements with $80m, says AfDB’s country manager

AfDB holds round-table for youth with the Bank’s Vice President during his visit to Egypt
During their visit to Egypt, a High-Level Delegation from the African Development Bank (AfDB), led by Khaled El Sherif, the Vice President, a round table event was organized with 20 young men and women participants of the Entrepreneurship Development Initiatives supported by the Bank under the project “Green Growth: Industrial Waste Management and SME Entrepreneurship …

High-level AfDB delegation to visit Egypt Monday for one week
AfDB’s joint venture portfolio consists of 29 projects with a total financing of $ 2.34bn, says Mokaddem

Egypt to receive third tranche of AfDB loan by February 2018
The government of Egypt has never defaulted on its debt payments to the international financial institutions, says AfDB’s resident representative

Nasr discusses $3bn cooperation strategy developments with AFDB
Final procedures for the $500m third tranche of the $1.5bn loan were discussed.

Economic ministerial group discusses the third $500m tranche of AfDB’s loan
Egypt is currently in a good position to attract more investments, says AfDB’s mission to Egypt