AfDB’s investments in Egypt’s energy sector reach USD 1.7 bn

The African Development Bank (AfDB) has built a portfolio of up to USD 1.7 bn in Egypt’s energy sector since 2007, the bank’s director for energy financial solutions, policy, and regulation Wale Shonibare said, according to Al Shorouk. Speaking at a conference organized by the Egyptian Junior Business Association on the bank’s role in supporting Africa’s energy sector, Shonibare added that energy was AfDB’s focus in Egypt over the past few years.