Egypt’s debt service bill dipped 5% y-o-y in 1H2020-2021 to EGP 501.1 bn, according to a Finance Ministry report (pdf). The government made some EGP 224 bn in interest payments towards domestic debt obligations and another EGP 21.5 bn in foreign interest payments during the six-month period, in addition to EGP 255 bn in repayment instalments.

Who’s in the market for debt? Enara Energy’s unit Libra Capital has signed a EGP 200 mn long-term loan agreement with the Arab African International Bank to finance the development of its solar projects in Egypt.

Tags: