{"id":577345,"date":"2022-11-20T04:02:28","date_gmt":"2022-11-20T04:02:28","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/20\/another-chunk-of-development-finance-from-germany\/"},"modified":"2022-11-20T04:02:28","modified_gmt":"2022-11-20T04:02:28","slug":"another-chunk-of-development-finance-from-germany","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/20\/another-chunk-of-development-finance-from-germany\/","title":{"rendered":"Another chunk of development finance from Germany"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>Egypt and Germany inked nine cooperation and financing agreements <\/strong><strong>worth EUR <\/strong><strong>160 m<\/strong><strong>n <\/strong>on the sidelines of COP27 last week, the International Cooperation Ministry said in <a href=\"https:\/\/moic.gov.eg\/news\/815?fbclid=IwAR3SABzdDS9J0nUmuukSt7Pyt-s6LGBDybvAYEhXKd8CyIVIWvb2em4ETZI\">a statement<\/a> Thursday.<\/p>\n<p><strong>#1- International Cooperation Minister Rania Al Mashat and German counterpart Svenja Schulze signed an EUR 80 mn grant<\/strong> to finance three unspecified projects to improve private sector competitiveness, solid waste management, and technical and vocational education and training (TVET).<\/p>\n<p><strong>#2- Al Mashat inked four financing agreements worth EUR 57 mn with German development bank <\/strong><strong>KfW<\/strong>. They include an EUR 26 mn grant and EUR 12.5 mn in financing for the Education Ministry to establish and refurbish TVET, applied tech, and teacher training facilities; and EUR 16.5 mn in finance and an EUR 2 mn grant to renovate irrigation canals.<\/p>\n<p><strong>#3- Al Mashat and German development agency GIZ signed four technical support grant agreements worth EUR 23 mn. <\/strong>They unlock EUR 11 mn for the <a href=\"https:\/\/www.giz.de\/en\/worldwide\/101813.html\">Nile Delta Water Management Programme<\/a>; EUR 8 mn for the <a href=\"https:\/\/www.giz.de\/en\/worldwide\/108358.html\">Supporting e-Government and Innovation in Public Administration (InnoPA)<\/a> project; EUR 2 mn for the <a href=\"https:\/\/www.giz.de\/en\/worldwide\/96033.html\">Capacity Building through Urban Infrastructure (CBUID)<\/a> project; and another EUR 2 mn for the <a href=\"https:\/\/www.giz.de\/en\/worldwide\/61875.html\">Participatory Infrastructure Project (PIP)<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Egypt and Germany inked nine cooperation and financing agreements worth EUR 160 mn on the sidelines of COP27 last week, the International Cooperation Ministry said in a statement Thursday. #1- International Cooperation Minister Rania Al Mashat and German counterpart Svenja Schulze signed an EUR 80 mn grant to finance three unspecified projects to improve private [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":577346,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7576],"tags":[101,73,72,481,8591,443,1282,223,364],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-577345","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development-finance","tag-development-finance","tag-education","tag-enterpriseam","tag-germany","tag-giz","tag-international-cooperation-ministry","tag-kfw","tag-rania-al-mashat","tag-water","wpautop","entry"],"acf":{"mongo_id":"8b381840-3c53-4fa3-9aca-76ff161dfc61","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/11\/298.jpg","photo_position":"above","related_issue":[577335],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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The agreements include a EUR 48 mn grant to\u2026","rel":"","context":"In &quot;Diplomacy + Foreign Trade&quot;","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":589924,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/11\/eib-earmarks-eur-4-bn-for-local-development-projects-including-nwfe-al-mashat\/","url_meta":{"origin":577345,"position":1},"title":"EIB earmarks EUR 4 bn for local development projects including NWFE -Al Mashat","author":"enterpriseam admin","date":"11 July 2023","format":false,"excerpt":"Central Bank Governor Hassan Abdalla praised the EIB\u2019s \u201cinvaluable\u201d support","rel":"","context":"In &quot;Development finance&quot;","block_context":{"text":"Development finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/development-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/391.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":566854,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/25\/tech-vocational-education-get-more-german-funding\/","url_meta":{"origin":577345,"position":2},"title":"Tech, vocational education get more German funding","author":"enterpriseam admin","date":"25 July 2021","format":false,"excerpt":"The German development bank KfW will provide EUR 41 mn to the Education Ministry over the coming year as part of a German-Egyptian debt-for-development swap program, the International Cooperation Ministry said in a statement. The funding will be allocated to three projects that aim to develop technical and vocational education\u2026","rel":"","context":"In &quot;DEBT WATCH&quot;","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":665988,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/27\/egypt-germany-sign-eur-118-mn-financing-agreement\/","url_meta":{"origin":577345,"position":3},"title":"Egypt, Germany sign EUR 118 mn financing agreement","author":"enterpriseam admin","date":"27 May 2025","format":false,"excerpt":"The two sides also signed a EUR 21 mn debt swap agreement","rel":"","context":"In &quot;Development finance&quot;","block_context":{"text":"Development finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/development-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/5\/2212.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":564237,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/18\/germany-has-eur-151-mn-for-development-in-egypt\/","url_meta":{"origin":577345,"position":4},"title":"Germany has EUR 151 mn for development in Egypt","author":"enterpriseam admin","date":"18 August 2021","format":false,"excerpt":"Egypt will receive EUR 151 mn in grant money from Germany to support development projects, the International Cooperation Ministry said in a statement this afternoon. The funds are earmarked for 15 projects across a range of sectors, including technical education, urban development and renewable energy.A little history: Germany is a\u2026","rel":"","context":"In &quot;SPEED ROUND: DEVELOPMENT&quot;","block_context":{"text":"SPEED ROUND: DEVELOPMENT","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-development\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/8\/469.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":638670,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/11\/nasr-signs-eur-320-mn-worth-of-agreements-with-germany\/","url_meta":{"origin":577345,"position":5},"title":"Nasr signs EUR 320 mn-worth of agreements with Germany","author":"enterpriseam admin","date":"11 October 2017","format":false,"excerpt":"Nasr signs EUR 320 mn-worth of agreements with Germany: Investment and International Cooperation Minister Sahar Nasr signed three agreements yesterday with Germany\u2019s Economic Cooperation Minister Gerd M\u00fcller worth a total EUR 320 mn. 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