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IFC could lend USD 125 mn for Damietta Port cargo terminal
This is part of a broader USD 455 mn financing package involving the EBRD, the AIIB and other multilateral lenders
EBRD greenlights USD 20 mn for edible oil firm Afia
The loan will fund raw material imports amid an FX crunch at home and global food insecurity
World Bank appoints new country head for Egypt,Yemen + Djibouti
Stephane Guimbert has worked at the World Bank for 22 years and arrives in Cairo after serving as its operations…
What do private sector players want from the AIIB?
AIIB officials join FinMin, private sector players to explore how the bank can help Egypt’s private sector
Afreximbank to lend USD 400 mn for new state-owned fertilizer plant
The plant will cost some USD 1.2 bn to build
More EBRD funding in the pipeline
The loan is set to be approved on 12 September
Shoukry talks regional issues with US Secretary of State Blinken
Plus: Conversations about water security with the World Bank and tourism with the South Korea’s ambassador to Egypt
Cabinet approves fresh loans to support banking industry, fund Abu Qir metro
Ministers greenlight loans for banking sector reform + the Abu Qir metro.
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