Wednesday 20 June 2018
African Development Bank

Egypt to get $1.5bn African Development Bank loan

The African Development Bank (AfDB) has approved a $1.5 billion loan to Egypt to be paid out over three years, International Cooperation Minister Sahar Nasr said. The first $500 million of the loan will arrive within days, said Na


African Development Bank to fund Egypt project

The African Development Bank Group (AfDB) and the Egyptian Ministry of International Co-operation have inked a deal to provide $2 million grant for funding an industrial waste management and SME entrepreneurship hub in Egypt. The


Morocco eyes $4bn loan from AfDB in 2013-16

Morocco expects to win $1 billion in loans per year from the African Development Bank (AfDB) over the next four years as the country looks to make full use of the bank's funds, the Moroccan Finance minister Nizar Baraka said.


Egypt in $550m power plant loan deal

The African Development Bank (AfDB) has lent Egypt $550 million to build a 650-megawatt gas-fired power plant, the bank said. The plant, located in Suez city, 150 km east of Cairo, will utilize Egypt’s abundant gas reserves as a

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