The EU announced a plan on Wednesday to allocate EUR 500 mn to resettle another 50,000 refugees from North Africa, the Associated Press reports. The European Commission said the focus will be on refugees in Egypt, Libya, Sudan, Niger, Chad, and Ethiopia. Egypt had reached an agreement with Germany last month to stem the flow of illegal migration, under which Egypt would receive a EUR 28 mn grant to spend on education and training programs and receive assistance in improving facilities for refugees within its borders.
More from Enterprise
Banque du Caire’s blockbuster IPO holds firm against EGX selloff
The IFC and the EBRD are in for USD 100…
Electricity Ministry studies changing how your electricity bill gets calculated
The plan is still under study, and neither of the…
Africa’s corporate debt market is just 0.3% of the world’s, with Egypt’s share more than halved since 2010
The OECD puts Africa’s market-based corporate debt at USD 211…
DPI closes Egypt-born fintech fund Nclude at USD 112 mn
The final close adds roughly USD 7 mn to a…