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MIIC, AfDB ink study for one of world’s biggest sanitation projects

Malinne Blomberg, Egypt’s country manager at the African Development Bank (AfDB), signed with Egypt’s Minister of Investment and International Cooperation, Sahar Nasr, a grant worth $600,000 to prepare the feasibility study, as well as the environmental and social impact assessment for the joint project titled ‘Sludges Treatment of Aborawash and Zinin plants.’ The signing took …

Hagar Omran

Egypt to receive final $500m tranche of AfDB loan 

Egypt signed on Sunday an agreement to receive the third and final $500m portion of its $1.5bn African Development Bank (AfDB) loan. The agreement was signed between Minister of Investment and International Cooperation Sahar Nasr and Malinne Blomberg, the AfDB’s country manager for Egypt. The AfDB loan aims to finance Egypt’s comprehensive structural reform programme. …

Mohamed Samir

AfDB holds round-table for youth with the Bank’s Vice President during his visit to Egypt

During their visit to Egypt, a High-Level Delegation from the African Development Bank (AfDB), led by Khaled El Sherif, the Vice President, a round table event was organized with 20 young men and women participants of the Entrepreneurship Development Initiatives supported by the Bank under the project “Green Growth:  Industrial Waste Management and SME Entrepreneurship …

Shaimaa Al-Aees

AfDB considers financing three solar energy projects in Egypt for $60m

The African Development Bank (AfDB) is considering financing three projects within the feed-in tariff programme in Benban, Aswan for $60m. A source at AfDB told Daily News Egypt that the bank has allocated $18m and $20m worth of finances for each project in the electricity production plant that depends on solar power. The source said …

El Husseiny Hassan