{"id":627450,"date":"2018-06-03T04:03:28","date_gmt":"2018-06-03T04:03:28","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/03\/afreximbank-plans-to-provide-as-much-as-usd-1-bn-in-funding-to-egypts-private-public-sectors-this-year\/"},"modified":"2018-06-03T04:03:28","modified_gmt":"2018-06-03T04:03:28","slug":"afreximbank-plans-to-provide-as-much-as-usd-1-bn-in-funding-to-egypts-private-public-sectors-this-year","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/03\/afreximbank-plans-to-provide-as-much-as-usd-1-bn-in-funding-to-egypts-private-public-sectors-this-year\/","title":{"rendered":"AfreximBank plans to provide as much as USD 1 bn in funding to Egypt\u2019s private, public sectors this year"},"content":{"rendered":"

<\/a> AfreximBank is planning to provide as much as USD 1 bn in funding to Egypt this year<\/strong>, Executive Vice President Amr Kamel said<\/a> at the bank\u2019s conference on intra-African trade on Thursday. The bank is currently eyeing several new loan agreements with public and private sector companies in Egypt, including Elsewedy Electric, according to Kamel. AfreximBank has already provided the Egyptian General Petroleum Company and Telecom Egypt with USD 200 mn<\/a> each and is about to disburse a USD 95 mn loan to the National Bank of Egypt (NBE), Kamel said. NBE and AfreximBank had signed a USD 300 mn three-year financing agreement in April 2017<\/a> to support an SME funding initiative launched in 2016. NBE has already received<\/a> USD 200 mn of the financing, as we noted last week.<\/p>\n","protected":false},"excerpt":{"rendered":"

AfreximBank is planning to provide as much as USD 1 bn in funding to Egypt this year, Executive Vice President Amr Kamel said at the bank\u2019s conference on intra-African trade on Thursday. The bank is currently eyeing several new loan agreements with public and private sector companies in Egypt, including Elsewedy Electric, according to Kamel. […]<\/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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-627450","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"30c2ae8a-ff89-4cc7-8c86-f3d7ecc908c2","order":"0","is_powered_by":true,"section_story_id":"6e896c70-cd9d-44a7-ba50-822f5109a9e4","story_type":"1","photo_url":"","photo_position":"above","related_issue":[627431],"teaser":"","voice_url":""},"yoast_head":"\nAfreximBank plans to provide as much as USD 1 bn in funding to Egypt\u2019s private, public sectors this year - 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\/2018\/06\/03\/afreximbank-plans-to-provide-as-much-as-usd-1-bn-in-funding-to-egypts-private-public-sectors-this-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AfreximBank plans to provide as much as USD 1 bn in funding to Egypt\u2019s private, public sectors this year\" \/>\n<meta property=\"og:description\" content=\"AfreximBank is planning to provide as much as USD 1 bn in funding to Egypt this year, Executive Vice President Amr Kamel said at the bank\u2019s conference on intra-African trade on Thursday. The bank is currently eyeing several new loan agreements with public and private sector companies in Egypt, including Elsewedy Electric, according to Kamel. 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The loan will include ESG and Islamic finance components, with the ESG tranche set to target green projects under the Finance Ministry\u2019s green financing framework, Emirates NBD,\u2026","rel":"","context":"In "DEBT WATCH"","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":627500,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/04\/cbe-repays-final-usd-500-mn-installment-of-afreximbank-loan\/","url_meta":{"origin":627450,"position":2},"title":"CBE repays final USD 500 mn installment of Afreximbank loan","author":"enterpriseam admin","date":"4 June 2018","format":false,"excerpt":"The central bank made a final USD 500 mn payment to the African Export- Import Bank (Afreximbank) last Thursday on a USD 3.7 bn facility it had acquired back in 2016 to boost its FX liquidity and help Egyptian importers through a foreign currency shortage, Al Masry Al Youm reports,\u2026","rel":"","context":"In "Speed Round"","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":649337,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/30\/afreximbank-to-provide-nbe-with-usd-300-mn-facility-to-fund-smes\/","url_meta":{"origin":627450,"position":3},"title":"Afreximbank to provide NBE with USD 300 mn facility to fund SMEs","author":"enterpriseam admin","date":"30 April 2017","format":false,"excerpt":"The African Export-Import Bank (Afreximbank) signed an agreement to provide aUSD 300 mn financing facility to the National Bank of Egypt (NBE) to support SMEs on Thursday, the bank said in a statement. 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