Regional private equity Mediterrania Capital Partners signed a deal to offer €15 million ($850,015) to small and medium enterprises (SMEs) in Egypt, Morocco and Tunisia.
An AfDB delegation will visit Cairo in October to discuss granting the third tranche of the bank's loan to Egypt worth $500 million by the end of 2017.
Egypt has regained its place on the global economic map and succeeded to pass the first and second phases of the comprehensive economic reform plan, Trade Minister said.
The sale is a part of the government's plan to bridge fiscal gap at $10-12 billion in FY2017/18.
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