A EUR 57.7 mn development financing agreement sealed with German development bank KfW in May was approved by the cabinet during its weekly meeting yesterday. The grant will help fund six projects in energy efficiency, renewable energy, technical education and vocational training, water management, and market competition.

Also approved during the meeting:

  • Cost of covid vax certificates reduced: The government has lowered the proposed fees for obtaining a covid vaccination certificate for Egyptians and foreigners. Egyptians will now pay EGP 100 and foreigners will be charged USD 10.
  • State firms will electrify the monorails: The Egyptian Electricity Holding Company and the Egyptian Electricity Transmission Company have been put in charge of supplying the two new monorail lines with electricity.
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