The European Bank for Reconstruction and Development (EBRD) plans to inject $ 1.4 billion into Egypt by the end of 2018 to finance projects in the local market, according to Janet Heckman, the director general of the Southern Region. and eastern Mediterranean (SEMED).
In the first six months of 2018, the London-based institution has invested about 600 million euros of financing in the country.
In 2017, for 1.5 billion euros, the bank financed around 35 projects, including 32 projects in the private sector.
The EBRD will grant Egypt a € 200m facility, in addition to a € 600m sovereign loan Egypt will obtain from several European institutions to rejuvenate the Cairo metro line.
Trending
- FANAF celebrates its 50th anniversary in Abidjan with the ambition to move from elite insurance to mass insurance
- Liberia launches its Sovereign Carbon Initiative following in the footsteps of Djibouti and Gabon
- Akinwumi Adesina gets back in the saddle
- Tunisia: Attijari Leasing Board of Directors proposes the distribution of a total dividend of 6.050 million dinars for the 2025 fiscal year
- BEAC fully committed to repatriating export revenues
- Tunisia: Attijari Leasing records increased profit and announces dividends
- Islamic Finance and PPP: Issa Malgoubri’s suggestions for mobilizing resources
- Basel II/III and Financing the Economy in the UEMOA: Successfully Transitioning to “Basel 4”
EBRD Announces $ 1.4 Billion Funding for Egypt
Janet Heckman, Executive Director of the Southern and Eastern Mediterranean Region (SEMED).
Amadjiguéne Ndoye
Economic journalist with a Master’s degree in Communication and Journalism from the Higher Institute of Information and Communication Sciences in Dakar (ISSIC). Avid reader and music enthusiast. Feminist at heart and passionate about fashion.
Add A Comment
About us
Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, give meaning to statistics….
Contact us: redaction@financialafrik.com