The African Export Import Bank (Afreximbank) is planning to provide Egypt with another USD 500 mn loan, this time geared towards the banking sector, Afreximbank's Executive Vice President for Business Development and Corporate Banking Amr Kamel said at the Business for Africa 2017 conference, Al Mal reports. He added that the bank is currently in talks with the CBE to discuss how this new loan will be disbursed. Afreximbank had signed a USD 500 mn loan agreement with the Export Development Bank of Egypt to fund exports to Africa last weekend at the conference.

Tags: