{"id":610031,"date":"2023-11-14T00:00:00","date_gmt":"2023-11-14T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/14\/afreximbank-extends-usd-3-bn-in-credit-facilities-to-egyptian-firms\/"},"modified":"2023-11-14T00:00:00","modified_gmt":"2023-11-14T00:00:00","slug":"afreximbank-extends-usd-3-bn-in-credit-facilities-to-egyptian-firms","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/14\/afreximbank-extends-usd-3-bn-in-credit-facilities-to-egyptian-firms\/","title":{"rendered":"Afreximbank extends USD 3 bn in credit facilities to Egyptian firms"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The African Export-Import Bank (Afreximbank) has agreed to extend USD 3 bn of <\/strong><strong>credit facilities to Egyptian companies<\/strong> to help support their infrastructure projects across Africa, <a target=\"_blank\" href=\"https:\/\/www.almasdar.com\/134876\" style=\"\" rel=\"noopener\">Al Masdar<\/a> reported yesterday. The African multilateral lender signed the agreements at this week\u2019s <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/235n3a4u\" style=\"\" rel=\"noopener\">Intra-African Trade Fair<\/a> in Cairo:<\/p>\n<ul>\n<li><strong>Hassan Allam Holding<\/strong> will take out a <a target=\"_blank\" href=\"https:\/\/twitter.com\/afreximbank\/status\/1724162665289789741\" style=\"\" rel=\"noopener\">USD 200 mn credit facility<\/a> to help funds in at least six African countries; <\/li>\n<li><strong>Elsewedy Electric<\/strong> signed an agreement for a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e54763ce-686d-42df-96f7-0bbfbd0bddd6\" style=\"\" rel=\"noopener\">USD 300 mn facility<\/a>; <\/li>\n<li><strong>Arab Contractors<\/strong> will receive a USD 200 mn facility;<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">The recipients of the remaining USD 2.3 bn have not been publicly disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- An e-platform for engineering contracts:<\/strong> The bank partnered with the International Cooperation Ministry to launch a digital platform for engineering, procurement and construction contracts, as part of the government\u2019s plan to boost infrastructure investments, the ministry said in a <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/mrym53fm\" style=\"\" rel=\"noopener\">statement<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The lender is giving Hassan Allam Holding a USD 200 mn facility to support its infrastructure projects in Africa<\/p>\n","protected":false},"author":1,"featured_media":610032,"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":[7274],"tags":[421,833,88,152,72,8553,890,7111],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-610031","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-afreximbank","tag-arab-contractors","tag-debt-watch","tag-elsewedy-electric","tag-enterpriseam","tag-hassan-allam-construction","tag-hassan-allam-holding","tag-infrastructure","wpautop","entry"],"acf":{"mongo_id":"417bce08-0b70-4e19-80fb-7313d8a99fc3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/11\/714.jpeg","photo_position":"above","homepage_title":"","full_issue_title":"Afreximbank extends USD 3 bn in credit facilities to Egyptian firms","related_issue":[610017],"teaser":"The lender is giving Hassan Allam Holding a USD 200 mn facility to support its infrastructure projects in Africa","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/11\/.16f32060-a69b-4e4d-9a63-02d28dce7aef.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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The funds will go toward the USD 3 bn hydroelectric dam in\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":605656,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/04\/eagle-hills-signs-up-hassan-allam-to-work-on-new-north-coast-development-plus-new-anti-money-laundering-regs-news-from-madinet-masr-misr-life-insurance-and-saib\/","url_meta":{"origin":610031,"position":4},"title":"Eagle Hills signs up Hassan Allam to work on new North Coast development. 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