{"id":601816,"date":"2019-03-11T04:22:25","date_gmt":"2019-03-11T04:22:25","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/11\/egypt-to-receive-usd-500-mn-in-loans-from-the-african-development-bank\/"},"modified":"2019-03-11T04:22:25","modified_gmt":"2019-03-11T04:22:25","slug":"egypt-to-receive-usd-500-mn-in-loans-from-the-african-development-bank","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/11\/egypt-to-receive-usd-500-mn-in-loans-from-the-african-development-bank\/","title":{"rendered":"Egypt to receive USD 500 mn in loans from the African Development Bank"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <b>Egypt to receive USD 700 mn in funding from the AfDB: <\/b>Egypt is to receive loans totalling USD 700 mn from theAfrican Development Bank (AfDB), the bank\u2019s <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1376828\">VP Khaled Sherif told Al Masry Al Youm<\/a>. The bank will provide a <a href=\"https:\/\/enterprise.press\/stories\/2019\/03\/07\/afdb-plans-usd-1-2-bn-of-financing-to-egypt-over-2019-and-2010\/\">USD 500 mn facility earmarked for electricity projects<\/a> over two equal installments in June and January, as well as a separate USD 200 mn facility to finance railway upgrades in November. <a href=\"https:\/\/enterprise.press\/stories\/2019\/03\/07\/afdb-plans-usd-1-2-bn-of-financing-to-egypt-over-2019-and-2010\/\">Bank officials told Enterprise last week<\/a> that the pan-African lender plans to lend Egypt USD 1.2 bn in 2019 and 2020.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Egypt to receive USD 700 mn in funding from the AfDB: Egypt is to receive loans totalling USD 700 mn from theAfrican Development Bank (AfDB), the bank\u2019s VP Khaled Sherif told Al Masry Al Youm. The bank will provide a USD 500 mn facility earmarked for electricity projects over two equal installments in June and [&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":[1376,7106,72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-601816","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-african-development-bank","tag-debt","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"9ebfbeef-3feb-4ba2-9ce5-29ab26b6af19","is_powered_by":true,"section_story_id":"6fa5747a-5d37-48b8-b794-23239acabeba","story_type":"1","photo_url":"","photo_position":"above","related_issue":[601799],"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>Egypt to receive USD 500 mn in loans from the African Development Bank - 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\/03\/11\/egypt-to-receive-usd-500-mn-in-loans-from-the-african-development-bank\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt to receive USD 500 mn in loans from the African Development Bank\" \/>\n<meta property=\"og:description\" content=\"Egypt to receive USD 700 mn in funding from the AfDB: Egypt is to receive loans totalling USD 700 mn from theAfrican Development Bank (AfDB), the bank\u2019s VP Khaled Sherif told Al Masry Al Youm. The bank will provide a USD 500 mn facility earmarked for electricity projects over two equal installments in June and [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/11\/egypt-to-receive-usd-500-mn-in-loans-from-the-african-development-bank\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-03-11T04:22:25+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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/11\/egypt-to-receive-usd-500-mn-in-loans-from-the-african-development-bank\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/11\/egypt-to-receive-usd-500-mn-in-loans-from-the-african-development-bank\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt to receive USD 500 mn in loans from the African Development Bank\",\"datePublished\":\"2019-03-11T04:22:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/11\/egypt-to-receive-usd-500-mn-in-loans-from-the-african-development-bank\/\"},\"wordCount\":98,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"African Development Bank\",\"debt\",\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/11\/egypt-to-receive-usd-500-mn-in-loans-from-the-african-development-bank\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/11\/egypt-to-receive-usd-500-mn-in-loans-from-the-african-development-bank\/\",\"name\":\"Egypt to receive USD 500 mn in loans from the African Development Bank - 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Negotiations for the third tranche should begin in the few months ahead, AfDB\u2019s Egypt representative Laila Al\u2026","rel":"","context":"In &quot;ON YOUR WAY OUT&quot;","block_context":{"text":"ON YOUR WAY OUT","link":"https:\/\/enterpriseam.com\/egypt\/category\/on-your-way-out\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":542810,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/18\/egypt-takes-out-usd-10-3-bn-of-development-loans-in-2021\/","url_meta":{"origin":601816,"position":2},"title":"Egypt takes out USD 10.3 bn of development loans in 2021","author":"enterpriseam admin","date":"18 January 2022","format":false,"excerpt":"Egypt borrowed USD 10.3 bn from bilateral and multilateral lenders in 2021, according to the International Cooperation Ministry\u2019s annual report (pdf) published yesterday. 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Alcazar Energy and its subsidiary, Delta for Renewable\u2026","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":646319,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/12\/usd-400-mn-from-saudi-for-sinai-development-wb-and-afdb-in-town-to-disburse-funds\/","url_meta":{"origin":601816,"position":4},"title":"USD 400 mn from Saudi for Sinai development, WB and AfDB in town to disburse funds","author":"enterpriseam admin","date":"12 June 2017","format":false,"excerpt":"The Saudi Fund for Development disbursed last week a USD 400 mn tranche of its USD 1.5 bn loan for the development of Sinai, Investment and International Cooperation Minister Sahar Nasr said, according to remarks carried by Al Mal. 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