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
- FEDA invests in Bloom Africa Holdings Limited to support its expansion in West Africa
- Exclusive interview with Manuel Moses, General Director of the ATIDI agency
- EAPEF announces the exit of its investment in Madison Financial Services Plc, Zambia
- Three agreements were signed by the ECOWAS Investment and Development Bank (EBID) on the sidelines of the ECOWAS Investment Forum (EIF 2024)
- Côte d’Ivoire: Laurent Gbagbo Criticizes the CFA Franc
- Africa Global Logistics (AGL) signs contract to manage Walvis Bay Multipurpose Bulk Terminal In Namibia
- Togo: Opening of the first edition of the ECOWAS Investment Forum in Lomé
- Private capital slowdown in Africa mirrors global investment trends