The Planning Ministry approved an additional allocation of EGP 572.5 mn over what is budgeted for in FY2016-17 for sanitation and drinking water projects, Al Masry Al Youm reports. EGP 272.5 mn will be used to fund a wastewater treatment plant in Abu Rawash in Giza, Minister Hala El Said said. The remaining EGP 300 mn are additional allocations in the budget to fund other wastewater treatment and drinking water projects nationwide.
More from Enterprise
Banque du Caire’s blockbuster IPO holds firm against EGX selloff
The IFC and the EBRD are in for USD 100…
Can AI promise Egypt’s lenders more borrowers and fewer bad loans?
Banks are cautious about letting AI judge a borrower. Local…
Egypt’s funds crossed EGP 500 bn in 3Q on retail money and a stalling core
Money market funds stalled while retail piled into equity, index,…
DPI closes Egypt-born fintech fund Nclude at USD 112 mn
The final close adds roughly USD 7 mn to a…