World Bank, AFDB to Loan Egypt $1.5b
Monday, 12th October 2015
Egyptian Prime Minister said the country expects to receive $1.5b in loans from the World Bank and African Development Bank (AFDB) by the end of 2015. The decision comes as part of the country's efforts to boost foreign currency reserves.
African Development Bank to Fund Egypt’s Renewable Sector
Sunday, 24th May 2015
Egypt signed Thursday a grant agreement with the African Development Bank Group's Middle Income Country Technical Assistance Fund (MIC TAF). Upon the agreement, Egypt shall receive three grants with total value of US$4.6 million from the MIC TAF.
African Development Bank to Increase Hydropower Generation in Egypt
Thursday, 30th April 2015
The African Development Bank (AfDB) plans to boost energy generation capacity at hydropower plants to 40,000 MW, with connections to Nigeria, South Africa and Egypt, according to AfDB’s report issued Tuesday.