African Development Bank to disburse last tranche of $1.5 billion loan to Egypt
Egypt's Minister of Investment Sahar Nassr
Cairo - MENA
The African Development Bank (AFDB) is preparing to disburse $500 million to Egypt, the third and last tranche of its $1.5 billion loan to the country, said vice-president of AFDB Khaled Sherif on Friday.
The three-tranche loan package, which was first signed in 2015, is aimed at supporting government programs to achieve comprehensive economic and social development, enhance social justice by offering job opportunities, and improve the business operating environment noted Sherif.
Sherif made the remarks during his meeting on Friday with Egypt's Minister for Investment and International Cooperation Sahar Nasr.
In April 2017 Egypt received the second $500 million tranche of the loan package.
The meeting was attended by the AFDB's director general for the Middle East and North Africa Mohamed El-Azizi, the Egypt Country Manager Malinne Blomberg, and the executive director for Egypt Ahmed Zayed.
Both sides also discussed prospects of cooperating in supporting the private sector and infrastructure in Sinai, a move that would attract investors.
GMT 06:41 2017 Friday ,03 March
AfDB provides Sudan with 200 million dollarsRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
GMT 19:07 2018 Friday ,14 December
Lebanese PM flags up Saudi investment potential, financial ties
GMT 10:00 2017 Wednesday ,10 May
Police carry out anti-ISIS raids across Germany
GMT 08:29 2017 Thursday ,04 May
Exhibition of AFP migrant
GMT 04:17 2013 Saturday ,12 October
Full executive powers in Syria… and in Lebanon
GMT 15:31 2018 Tuesday ,30 October
Timoshenko speaks out against special status of Donbass, Ukraine’s federalizationGMT 12:48 2012 Friday ,16 March
The 10 Best mother\'s day gifts
GMT 20:51 2017 Friday ,24 February
UNESCO Celebrates International Mother Language Day
GMT 13:01 2017 Monday ,27 February
UAE petrol and diesel prices for March to rise
GMT 07:45 2017 Thursday ,21 September
Saudi Arabia allows women into King Fahd stadiumGMT 18:44 2012 Thursday ,13 December
Ahly to face Monterrey
GMT 09:54 2017 Monday ,02 October
Mideast designers wow Paris
GMT 00:35 2016 Tuesday ,06 December
Magnitude Quake Jolts in China's Tibet Autonomous Region Monday
GMT 16:10 2018 Monday ,05 November
Central Bank of Egypt: Foreign reserves rise to USD 44.501 bln in Oct.
GMT 13:32 2013 Tuesday ,20 August
Egypt\'s stock exchange achieved gains reaching LE 3.5bn today.GMT 17:25 2011 Tuesday ,27 September
World stocks up on Europe debt hope
GMT 02:33 2014 Thursday ,06 November
Zagazig university sacked over Muslim Brotherhood-link
GMT 18:11 2015 Saturday ,27 June
EGP 200m to develop poor villages across Egypt
GMT 23:01 2015 Sunday ,27 September
Mohab Mameesh meets Egyptian expatriates in Geneva
GMT 14:30 2017 Saturday ,28 January
Yemen Could Face Famine in 2017
GMT 11:37 2017 Tuesday ,03 October
Oil outputs witnessed notable increase this month
GMT 09:05 2017 Tuesday ,31 October
AMATO by furne one closes
GMT 10:57 2018 Sunday ,21 January
McDonald to replace Adams as Ireland's Sinn Fein chief
GMT 10:21 2017 Wednesday ,26 April
Palestinian mass hunger strike in Israeli jails ongoing for 6 th dayGMT 00:48 2012 Thursday ,12 January
Calls for donations after water damage at National Museum
GMT 12:48 2017 Sunday ,05 November
Children pick up the basics of programming
GMT 12:10 2017 Sunday ,02 July
Twitter is unhappy with Pacquiao's shocking defeat
GMT 09:50 2017 Sunday ,10 December
Rise up the ladder and give back to society
GMT 18:47 2017 Sunday ,12 February
UNESCO Launches "United with Heritage" Campaign in Sharjah
GMT 11:15 2017 Saturday ,02 September
US govt settles first travel ban lawsuit
GMT 18:01 2017 Monday ,06 November
Blockchain becoming the rage
GMT 12:15 2017 Wednesday ,06 December
Palestinian factions say U.S decision could lead to uprising
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor