Several MPs are still voicing their objections to the French Development Agency’s EUR 100 mn loan to finance the Alexandria tram project, Al Mal reports. MP Haitham El Hariri claims that the project was not studied thoroughly enough, and that repaying the loan will be burdensome for state coffers. The House of Representatives already signed off on the loan agreement in November.
More from Enterprise
The National Bank of Egypt and Banque Misr just hiked rates on CDs — moves that could see the EGP gain against the USD
NBE and BM both hiked rates on CDs by 125…
Qatar’s Green Sky Capital secures financing for USD 200 mn SAF plant
The facility could add more than 10% to global SAF…
FinMin targets EGP tns in new debt as it revises financing gap to EGP 4 tn
The new strategy aims to ease short-term pressure and expand…
Kiwe gets Central Bank green light to launch nationwide
The startup is backed by our friends at EFG Hermes,…