{"id":593758,"date":"2019-10-09T04:00:53","date_gmt":"2019-10-09T04:00:53","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/09\/afd-earmarks-eur-1-bn-for-egypt-development-projects-over-coming-4-years\/"},"modified":"2019-10-09T04:00:53","modified_gmt":"2019-10-09T04:00:53","slug":"afd-earmarks-eur-1-bn-for-egypt-development-projects-over-coming-4-years","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/09\/afd-earmarks-eur-1-bn-for-egypt-development-projects-over-coming-4-years\/","title":{"rendered":"AFD earmarks EUR 1 bn for Egypt development projects over coming 4 years"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <b>The French Development Agency (AFD) has allocated EUR 1 bn to fund projects in Egypt over the coming four years,<\/b> regional director Mathieu Vasseur said yesterday, <a href=\"https:\/\/alborsaanews.com\/2019\/10\/08\/1252709\">according to the local press<\/a>. Egypt has already received EUR 200 mn of the amount this year, Vasseur said, pointing out that the agency has recently begun focusing on projects in labor-intensive sectors, such as healthcare, education and energy. The organization is also looking to make available funding to support the private sector through its investment arm Proparco, eyeing in particular the banking, energy and higher education sectors. The AFD is also in talks with the Egyptian government to provide funding to convert the Alexandria tram into a monorail, Vasseur said without elaborating further.<\/p>\n<p><b>AFD green-lights EUR 71 mn energy sector grants:<\/b> Vasseur made the statements as the AFD signed agreements to provide two grants worth EUR 71 mn to upgrade Egypt\u2019s energy infrastructure and improve technical support. <a href=\"http:\/\/miic.gov.eg\/Arabic\/MediaCenter\/News\/Pages\/%D9%85%D8%B5%D8%B1-%D9%88%D9%81%D8%B1%D9%86%D8%B3%D8%A7-%D8%AA%D9%88%D9%82%D8%B9%D8%A7%D9%86-%D9%85%D9%86%D8%AD%D8%AA%D9%8A%D9%86-%D9%84%D9%85%D8%B4%D8%B1%D9%88%D8%B9-%D8%AA%D9%88%D8%B5%D9%8A%D9%84-%D8%A7%D9%84%D8%BA%D8%A7%D8%B2-%D8%A7%D9%84%D8%B7%D8%A8%D9%8A%D8%B9%D9%89-%D9%84%D9%84%D9%85%D9%86%D8%A7%D8%B2%D9%84-%D9%88%D8%A8%D8%B1%D9%86%D8%A7%D9%85%D8%AC-%D8%AF%D8%B9%D9%85-%D9%82%D8%B7%D8%A7%D8%B9-%D8%A7%D9%84%D8%B7%D8%A7%D9%82%D8%A9-%D8%A8%D9%82%D9%8A%D9%85%D8%A9-1.2-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AC%D9%86%D9%8A%D9%87.aspx\">The Investment Ministry said<\/a> that a EUR 68 mn grant will go towards funding the government\u2019s efforts to connect houses in poor areas to the national gas grid, while a second EUR 3 mn grant will assist the Electricity Ministry \u201cpromote sector governance,\u201d <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/1374262186085476?__xts__%5B0%5D=68.ARDsrgzSqpr9OsfnoIrZc18vxf5oPZust3LB7Wg4dxirTy5IMTC7uB6kiKRj3Hyh7WmBTJTBgnLyOcb9K-YaeMCR2XjKIgz2_wvGW1qr-tSRdrK9j84hT5NqNMasSXi2Y2rEX20-cILvM35GesBtPCdkDatDnKfm99G6hdhuFJjgMmoBxeyQLHathaC4yBdaeosliL45Rs9hhJjyWgEyhIKOrV2u5BkJK75SJuGPXu-gYGV5IzzTxZTgARSHvadooRMqf3ytMRASTewFgcalHrTuM1AZRUyqW6gXGhyJ59j6tXpP07PQ8OI55lU0e5yXMw58hfU3oMXdYz4NlUy0DEJr4g&__tn__=K-R\">a cabinet statement said<\/a>, without providing further information. The AFD has provided Egypt with EUR 2.2 bn worth of loans and grants since it began supporting the country in 2007.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The French Development Agency (AFD) has allocated EUR 1 bn to fund projects in Egypt over the coming four years, regional director Mathieu Vasseur said yesterday, according to the local press. Egypt has already received EUR 200 mn of the amount this year, Vasseur said, pointing out that the agency has recently begun focusing on [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[8572],"tags":[3037,93,72,2588,7111,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-593758","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-afd","tag-energy","tag-enterpriseam","tag-french-development-agency","tag-infrastructure","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"a097ede2-2847-4397-84f0-e9d2f1ec7232","is_powered_by":true,"section_story_id":"c6e8217b-6753-4eb3-93e1-0111ae12fc60","story_type":"1","photo_url":"","photo_position":"above","related_issue":[593748],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>AFD earmarks EUR 1 bn for Egypt development projects over coming 4 years - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/09\/afd-earmarks-eur-1-bn-for-egypt-development-projects-over-coming-4-years\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AFD earmarks EUR 1 bn for Egypt development projects over coming 4 years\" \/>\n<meta property=\"og:description\" content=\"The French Development Agency (AFD) has allocated EUR 1 bn to fund projects in Egypt over the coming four years, regional director Mathieu Vasseur said yesterday, according to the local press. Egypt has already received EUR 200 mn of the amount this year, Vasseur said, pointing out that the agency has recently begun focusing on [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/09\/afd-earmarks-eur-1-bn-for-egypt-development-projects-over-coming-4-years\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-10-09T04:00:53+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/09\/afd-earmarks-eur-1-bn-for-egypt-development-projects-over-coming-4-years\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/09\/afd-earmarks-eur-1-bn-for-egypt-development-projects-over-coming-4-years\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"AFD earmarks EUR 1 bn for Egypt development projects over coming 4 years\",\"datePublished\":\"2019-10-09T04:00:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/09\/afd-earmarks-eur-1-bn-for-egypt-development-projects-over-coming-4-years\/\"},\"wordCount\":232,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"AFD\",\"energy\",\"EnterpriseAM\",\"French Development Agency\",\"infrastructure\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/09\/afd-earmarks-eur-1-bn-for-egypt-development-projects-over-coming-4-years\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/09\/afd-earmarks-eur-1-bn-for-egypt-development-projects-over-coming-4-years\/\",\"name\":\"AFD earmarks EUR 1 bn for Egypt development projects over coming 4 years - 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The agency signed seven agreements with International Cooperation Minister Rania Al Mashat in Paris yesterday in a meeting coinciding with President Abdel Fattah El Sisi\u2019s\u2026","rel":"","context":"In &quot;DEVELOPMENT&quot;","block_context":{"text":"DEVELOPMENT","link":"https:\/\/enterpriseam.com\/egypt\/category\/development\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/200.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":575457,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/15\/finmin-to-sign-usd-250-mn-loan-agreement-with-jica-by-years-end\/","url_meta":{"origin":593758,"position":1},"title":"FinMin to sign USD 250 mn loan agreement with JICA by year\u2019s end","author":"enterpriseam admin","date":"15 October 2020","format":false,"excerpt":"DEBT WATCH- Egypt could seal the first USD 250 mn tranche of a USD 500 mn loan from the Japanese International Cooperation Agency (JICA) before the year is out, the local press reports, citing government sources. The first tranche would be used to plug shortfalls in the government\u2019s budget and\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":566420,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/17\/more-details-on-that-eur-1-7-bn-french-financing-agreement-signed-earlier-this-week\/","url_meta":{"origin":593758,"position":2},"title":"More details on that EUR 1.7 bn French financing agreement signed earlier this week","author":"enterpriseam admin","date":"17 June 2021","format":false,"excerpt":"We have a more detailed breakdown on some of the funding agreements to come out of French finance minister Bruno Le Maire\u2019s visit to Cairo this week. The International Cooperation Ministry had signed EUR 1.7 bn in financing agreements with French agencies and entities this week, according to a cabinet\u2026","rel":"","context":"In &quot;SPEED ROUND: DEVELOPMENT FINANCE&quot;","block_context":{"text":"SPEED ROUND: DEVELOPMENT FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-development-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/6\/529.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":646081,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/05\/afd-offers-eur-150-mn-for-electricity-renewable-energy-technical-assistance\/","url_meta":{"origin":593758,"position":3},"title":"AFD offers EUR 150 mn for electricity, renewable energy technical assistance","author":"enterpriseam admin","date":"5 June 2017","format":false,"excerpt":"The French Development Agency (AFD) wants to offer EUR 150 mn in technical assistance for electricity and renewable energy projects in Egypt, said Stephanie Lanfranchi, Country Director for Egypt, according to Al Masry Al Youm. Electricity Minister Shaker will reportedly meet with Lanfranchi in mid-June to move talks forward.","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":575256,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/07\/diplomacy-foreign-trade-on-8-october-2020\/","url_meta":{"origin":593758,"position":4},"title":"Diplomacy + Foreign Trade on 8 October 2020","author":"enterpriseam admin","date":"7 October 2020","format":false,"excerpt":"Topping diplomatic coverage this morning: We now know how the EUR 1 bn loanagreement signed with the French Development Agency (AFD) last year will be spent, following a meeting between International Cooperation Minister Rania Al Mashat and French Ambassador to Cairo St\u00e9phane Romatet yesterday. The four-year agreement is set 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":631128,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/11\/egypt-signs-4-loan-agreements-with-afd-worth-a-combined-eur-59-6-mn\/","url_meta":{"origin":593758,"position":5},"title":"Egypt signs 4 loan agreements with AFD worth a combined EUR 59.6 mn","author":"enterpriseam admin","date":"11 March 2018","format":false,"excerpt":"Egypt signed four loan agreements with the French Development Agency (AFD) on Thursday worth a combined EUR 59.6 mn, according to an Investment Ministry statement. 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