AFREXIMBANK to extend dlrs 200m to Banque Misr

The African Export–Import Bank (AFREXIMBANK) will extend dlrs 200 million to Banque Misr in July for financing medium and small-sized enterprises.
AFREXIMBank Chairman Benedict Okey Oramah had talks with Investment and International Cooperation Minister Sahar Nasr on means of enhancing bilateral cooperation, especially in supporting medium and small-sized enterprises and exporting their products to Africa.
In a statement on Monday, Nasr welcomed Oramah and underlined the importance of realizing regional integration and injecting more investments into the infrastructure sector in Egypt and African states.
She also called for giving momentum to exporting industries to create jobs for Africans.
Afreximbank currently had an outstanding credit portfolio of more than 4 billion dollars for Egypt, the statement said.
Oramah expressed preparedness to offer all needed support for Egyptian companies and industries planning to export their products to Egypt.
Oramah said he is interested in propping up infrastructure projects and construction companies.
He expressed confidence that the Egyptian economic program would succeed.
He added that the bank is mulling to bankroll Egyptian investments in the fields of renewable energy and real estate development.

Source: MENA