More foreign funding coming our way: MPs yesterday gave final approval to four USAID grant agreements targeting the private sector, education, healthcare, and sanitation.

  • A USD 26.9 mn grant to improve investment infrastructure and small and medium-sized enterprises.
  • A USD 12 mn grant to support basic English-language education, including reading, writing and learning, among primary and secondary school students.
  • A USD 15 mn grant to improve health conditions and implement birth control programs in Egypt.
  • A USD 7.5 mn grant to extend drinking water and sanitary drainage networks in upper Egypt districts.

Oil exploration agreements get the thumbs up: MPs greenlit three draft laws licensing the Oil Ministry to provide firms with oil exploration contracts. The three contracts will see the Egyptian General Petroleum Corporation work with a number of local oil companies and Croatian national producer INA to explore for oil in the West Delta, Western Desert, and in the Gulf of Suez.

MPs, Senators are now on a break: The House and the Senate adjourned sessions until further notice on Tuesday as they prepare for President Abdel Fattah El Sisi to be sworn in for his third term in office on 2 April.

Tags: