The Egyptian Electricity Transmission Company received a EGP 1.3 bn tranche of the EGP 37.4 bn facility it signed with a banking consortium last month to upgrade the national grid, Al Mal reports. More tranches will be disbursed in the coming days. The National Bank of Egypt and Banque Misr are set to provide EGP 12.2 bn each, while Qatar National Bank will chip in EGP 8 bn. The Arab African International Bank will contribute EGP 3 bn, while CIB will provide EGP 2 bn.

Tags: