Egypt, World Bank sign agreement to launch USD 600 mn second phase of rural sanitation project: Egypt signed yesterday an agreement with the World Bank to begin implementing the second USD 600 mn phase of the WB-funded rural sanitation project, according to an Investment Ministry statement. The second phase, which will be financed by the World Bank and the Asian Infrastructure Investment Bank, will extend sanitation services to villages in Damietta, Gharbiya, and Menoufia that currently discharge untreated sewage into the Al Salam Canal. Egypt and the World Bank had signed on to begin the first USD 550 mn phase of the project back in 2015.
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…
EGX30 sheds 4.43% in October to post its first back-to-back monthly loss of 2026
The benchmark fell 4.43% and the small caps twice as…
DPI closes Egypt-born fintech fund Nclude at USD 112 mn
The final close adds roughly USD 7 mn to a…