{"id":665988,"date":"2025-05-27T00:00:00","date_gmt":"2025-05-27T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/27\/egypt-germany-sign-eur-118-mn-financing-agreement\/"},"modified":"2025-05-27T00:00:00","modified_gmt":"2025-05-27T00:00:00","slug":"egypt-germany-sign-eur-118-mn-financing-agreement","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/27\/egypt-germany-sign-eur-118-mn-financing-agreement\/","title":{"rendered":"Egypt, Germany sign EUR 118 mn financing agreement"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>We're getting fresh funds from Germany:<\/strong> Egypt and Germany inked an EUR 118 mn financial cooperation agreement dedicated to supporting the education and energy sectors, according to a Planning Ministry <a target=\"_blank\" href=\"https:\/\/moic.gov.eg\/ar\/news\/2256?fbclid=IwZXh0bgNhZW0CMTAAYnJpZBExUWNJS3MxTmlqbXpUeWFJUwEe0qKgVIxzOKcXXdVDnKYdh-qlwIw5uRglGCu_y1bDMrG9eGcpWa0Bihb8G-U_aem_NTlLdwg73KvYuMMTiTrbTw\" style=\"\" rel=\"noopener\">statement<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EUR 86 mn for energy: <\/strong>The funds dedicated to the energy sector \u2014 split between EUR 54 mn in concessional financing and an EUR 32 mn grant \u2014 will fund part of Acwa Power\u2019s 1.1 GW wind farm. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And EUR 32 mn for education: <\/strong>The agreement includes an EUR 32 mn grant to support the Comprehensive Technical Education Initiative, helping establish 25 centers of excellence including applied technology schools.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The two sides also signed a EUR 21 mn debt swap agreement<\/strong>, under which Egypt will use funds owed to Germany to fund renewable energy upgrades. The agreement brings the total value of the Egypt-Germany debt swap program to EUR 297 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>Last December, Egypt and Germany inked <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/282e3852-c7ae-44a0-9960-22761d1d36e1\/egypt-to-see-eur-77-mn-from-germany\" style=\"\" rel=\"noopener\">grant and debt swap agreements<\/a> totaling around EUR 77.3 mn to fund development projects across various sectors. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The two sides also signed a EUR 21 mn debt swap agreement<\/p>\n","protected":false},"author":1,"featured_media":665989,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7106,8950,101,7113,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-665988","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development-finance","tag-debt","tag-debt-swap","tag-development-finance","tag-egypt-germany-relations","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"09265c74-dc7d-4db9-9e98-ec5593555984","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/5\/2212.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt, Germany sign EUR 118 mn financing agreement","related_issue":[665973],"teaser":"The two sides also signed a EUR 21 mn debt swap agreement","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.6dbf3c64-79bb-4947-923c-0e779444e49b.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 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":566854,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/25\/tech-vocational-education-get-more-german-funding\/","url_meta":{"origin":665988,"position":1},"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":657145,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/16\/egypt-to-see-eur-77-mn-from-germany\/","url_meta":{"origin":665988,"position":2},"title":"Egypt to see EUR 77 mn from Germany","author":"enterpriseam admin","date":"16 December 2024","format":false,"excerpt":"The agreements came during the first Egyptian-German Cooperation day","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\/2024\/12\/1421.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":589390,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/26\/were-getting-an-eur-54-mn-debt-swap-from-germany-to-spend-on-wind-power\/","url_meta":{"origin":665988,"position":3},"title":"We\u2019re getting an EUR 54 mn debt swap from Germany to spend on wind power","author":"enterpriseam admin","date":"26 June 2023","format":false,"excerpt":"The money will help link our two new 500-GW wind farms to the grid","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1287.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":591888,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/19\/cabinet-signs-off-on-four-agreements-between-egypt-and-germany-worth-eur-145-9-mn\/","url_meta":{"origin":665988,"position":4},"title":"Cabinet signs off on four agreements between Egypt and Germany worth EUR 145.9 mn","author":"enterpriseam admin","date":"19 December 2019","format":false,"excerpt":"CABINET WATCH- The Madbouly Cabinet signed off yesterday on four agreements with Germany that Egypt had signed last month worth a combined EUR 145.9 mn, according to an official statement. The agreements include a EUR 23.4 mn funding and technical assistance package for German development agency GIZ to implement education\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":626363,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/01\/fresh-funds-from-the-eu-eib-germany-ebrd\/","url_meta":{"origin":665988,"position":5},"title":"Fresh funds from the EU, EIB, Germany, EBRD","author":"enterpriseam admin","date":"1 July 2024","format":false,"excerpt":"Egypt and the EU inked an agreement that will disperse EUR 1 bn in macro-financial assistance during the second half of 2024","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\/2024\/6\/1902.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/665988","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=665988"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/665988\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/665973"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/665989"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=665988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=665988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=665988"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=665988"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=665988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}