The Export Development Bank (EDB) is waiting for the central bank’s approval on a USD 500 mn credit facility agreement with the African Export-Import Bank (Afreximbank), which will be used to fund trade activities between Egypt and other African countries, EDB Chairman Mervat Sultan tells Al Borsa. The bank is also in talks with a bond fund affiliated with Germany’s KfW Development Bank for a USD 10 mn facility to finance local SMEs, Sultan adds.

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