AfDB

Egypt's central bank, AfDB ink MoU on hosting 2023 annual meetings in Sharm El-Sheikh

Mon, 12 Sep 2022 - 08:57 GMT

The MoU was signed by CBE Governor Hassan Abdallah and Secretary General of the African Development Bank Vincent Nmehielle, CBE said in a statement.

Egypt’s AfDB Country Strategy Paper launched during Egypt-ICF2022

Thu, 08 Sep 2022 - 09:00 GMT

The purpose of a new Country Strategy Paper (CSP) is to guide the cooperation framework between the Bank and the government in the five-year period after the expiration of the ongoing strategy.

Africa loses up to 15% of GDP per capita due to climate change: AfDB

Sun, 31 Jul 2022 - 06:52 GMT

Urama referred to difficulties which the black continent encounters such as opportunities for innovation.

AfDB projects 5.7% increase for Egypt’s economy in 2022

Wed, 27 Jul 2022 - 05:18 GMT

In its African Economic Outlook Report, AfDB statistics revealed that Egypt was one of the few African countries that showed positive growth in 2020, the year that witnessed the global outbreak of coronavirus pandemic.

AfDB agrees to grant $271M development financing to Egypt

Tue, 19 Jul 2022 - 02:04 GMT

The development financing approved by the AfDB to support the budget comes within the framework of the government's efforts to enhance efforts to combat the challenges facing development in the current period, as a result of global developments and their related impact on food security.

AfDB approves establishment of African Pharmaceutical Technology Foundation to boost sector's industry

Mon, 27 Jun 2022 - 04:13 GMT

The AfDB clarified that the new foundation will significantly enhance Africa’s access to the technologies that underpin the manufacture of medicines, vaccines, and other pharmaceutical products.

AfDB: Egyptian govt works on engaging private sector in climate projects

Mon, 11 Apr 2022 - 02:36 GMT

Ahead of COP27, Egypt is preparing a guidebook to help governments, multilateral development banks and the private sector engage in the mobilization of climate finance, the bank added.

Electricity min., AfDB discuss fostering renewable energy cooperation

Wed, 16 Mar 2022 - 06:05 GMT

Shaker said the Egyptian electricity sector has succeeded in completing many projects and programs in cooperation with the bank.

Egypt, AfDB harness regional climate action, south-south Cooperation through innovative climate finance

Tue, 15 Mar 2022 - 03:20 GMT

The Minister of International Cooperation, Rania A. Al-Mashat, held a high-level meeting with a delegation led by the Vice-President of the African Development Bank (AfDB), Kevin Kariuki, to harness South-South cooperation and enhance regional climate change action through innovative climate financing.

African Development Bank delegation in Egypt to ensure success of COP27

Mon, 14 Mar 2022 - 06:30 GMT

COP 27 is scheduled for November 2022 in the coastal city of Sharm El Sheikh.

Egypt, AfDB prepare for 2022-2026 country strategy in Presence of 17 national entities

Sun, 10 Oct 2021 - 01:55 GMT

This took place with the participation of the AfDB’s Executive Director for Egypt and Djibouti, Ahmed Zayed; the African Development Bank’s (AfDB) Deputy Regional Director for North Africa and Country Manager for Egypt, Malinne Blomberg; and officials from the Ministry of International Cooperation.

AfDB approves Egypt’s hosting of its annual meetings in 2023

Tue, 21 Sep 2021 - 04:50 GMT

Tarek Amer affirmed in a statement that Egypt's aspiration to host these important meetings, praising the historical relationship between Egypt and the African Development Bank, as Egypt is one of its founding countries in the 1960s.

‘We want Africa’s free trade area to be industrial zone not consumption zone’: AfDB official

Sun, 13 Jun 2021 - 11:25 GMT

That was in IPAs Africa Forum 1 held in Sharm El Sheikh on June 11-14.

Egypt signs agreement with AfDB worth €145M to advance railway system

Sun, 23 May 2021 - 03:13 GMT

The agreement comes with the aim of improving efficiency and safety factors in the railway system by extending the authority's main lines (Alexandria / Cairo / Assiut / Naga Hammadi and Benha / Port Said line) with 953 km controlled by the European Train Control System (ETCS-L1) to manage the course of the cars.

Multi-stakeholder platforms help in exploring opportunities for int'l partnerships in petroleum sector: Al-Mashat

Sun, 09 May 2021 - 04:13 GMT

"The oil and gas sector development strategy has led to the signing of 98 international agreements with a minimum investment of $16 billion,” Tarek el-Molla commented.

Ongoing cooperation portfolio bet. Egypt, AfDB records $640.8M

Thu, 04 Mar 2021 - 10:23 GMT

The portfolio covers various development sectors such as electricity, health, research, entrepreneurship, budget support, and water and sanitation.

Egypt, AfDB signs development financing deal worth €109M

Thu, 04 Mar 2021 - 10:07 GMT

The AfDB will provide Egypt with €108 million alongside a €1 million grant through the project under implementation so that 22 thousand homes in Luxor will benefit.

Egypt's EAPD, AfDB discuss proposed fields of bilateral cooperation

Thu, 26 Nov 2020 - 02:27 GMT

During the meeting, the two sides also probed funding priorities in various development sectors in African states, especially those related to food security, agricultural projects, new and renewable energy, in addition to health.

Sisi approves increasing Egypt's subscription in AfDB's capital

Thu, 09 Jul 2020 - 10:15 GMT

The decision was regarding the allocation of shares in the capital of the African Development Bank.

AfDB approves €225 million loan to finance Egypt’s Electricity, Green Growth Support Program

Wed, 17 Jun 2020 - 05:37 GMT

The project would help meet the Government’s financing requirements, expand social expenditures to mitigate the socio-economic impact of the pandemic.

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