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African Development Bank mulls USD 500 mn loan to reduce budget deficit
The African Development Bank is considering providing a USD 500 mn loan to Egypt to help plug the budget deficit…
Gov’t approve amendments on microfinance
LEGISLATION WATCH- Gov’t sets capital requirements for non-bank SME funders: The Madbouly Cabinet approved yesterday draft amendments to the 2014…
AfDB looks to increase funding to Egypt for solar projects
The African Development Bank (AfDB) could increase funding to Egypt for solar projects as part of an initiative to develop…
Africa leads in mobile money payments
Africa is a global leader in mobile money payments: The region has become the global leader in mobile money innovation,…
El Sisi approves EUR 4 mn AfDB grant to support entrepreneurship
President Abdel Fattah El Sisi approved yesterday a EUR 4 mn grant for Egypt from a multi-donor trust fund signed…
AfDB bans two GE units from bidding on power contracts following misconduct
GE subsidiary in Egypt is banned from bidding on AfDB power contracts: The African Development Bank (AfDB) has banned a…
Egypt to receive USD 500 mn in loans from the African Development Bank
Egypt to receive USD 700 mn in funding from the AfDB: Egypt is to receive loans totalling USD 700 mn…
AfDB plans USD 1.2 bn of financing to Egypt over 2019 and 2020
EXCLUSIVE- AfDB plans USD 1.2 bn of financing to Egypt in 2019 and 2020: The African Development Bank (AfDB) is…
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