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AfDB has a new Egypt country manager
The African Development Bank (AfDB) has appointed Abdourahmane Diaw (LinkedIn) the bank’s new head of Egypt, effective 1 November 2022,…
Suez Canal receives record monthly revenues
SUEZ CANAL- Another record-breaking month for Suez Canal revenues: Suez Canal revenues grew 47% y-o-y in January to an all-time…
House approves USD 47 mn grant from the US for small-scale farmers
The House of Representatives yesterday approved three foreign financing agreements to fund rural development, irrigation, and rail infrastructure. It also…
EBRD and partners fund more green finance for SMEs + EBRD, BII lend USD 100 mn to BdC
DFIs to fund more green projects + privatization candidate BdC gets funding: More funding for green projects will be available…
IFC, Tadamun partner to expand microfinance for women-led SMEs
DEVELOPMENT FINANCE- IFC, Tadamun to boost women-led micro firms: The International Financial Corporation (IFC) has agreed to assist Tadamun Microfinance…
More independence for tourism chambers + Hefty fines for fake weather news
House gives first nod to tourism bill: The House of Representatives yesterday gave its preliminary approval to a draft bill…
Madbouly wants the World Bank to get a move on
Prime Minister Moustafa Madbouly called for finalizing the World Bank’s development finance program with Egypt “as early as possible” in…
Another USD 1.5 bn from the ITFC for energy and commodities imports
More imports money from the ITFC: The government has signed a fresh USD 1.5 bn financing agreement with the International…
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