House of Representatives approves German loan agreements worth EUR 62 mn

The House of Representatives approved yesterday two German loan agreements worth a combined EUR 62 mn, Ahram Gate reports. The agreements include a EUR 50 mn loan from German development bank KfW for a renewable energy project and to support vocational training. The second funding agreement, worth EUR 12 mn, was signed with German development agency GIZ to provide technical and professional assistance for SME projects and the government’s administrative reform and dual education programs.