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Signing of two AFD loan agreements: Extension of the Gabal El Asfar Wastewater Treatment Plant and Phase 2 of Cairo Metro line 3.

Two new financing agreements of the French Development Agency, for a total amount of €94 million, were signed on Sunday January 24, 2010, during the visit in Egypt of the French Minister of Industry, Mr Christian Estrosi. This includes the financing of the Gabal El Asfar Wastewater Treatment Plant extension, and of the construction of Phase 2 of Cairo Metro line 3. The agreements were signed on behalf of the Government of Egypt by H.E. Ms Fayza Aboul Naga, Minister of International Cooperation. >> Read more


€ 30 million SME credit line to NBE

The board of AFD approved on December 16th 2009 a concessional loan of € 30 million to National Bank of Egypt (NBE), the most important public bank of Egypt. This loan will be used to finance the development of SMEs in Egypt (mesofinance). This project will contribute to the first objective of the Country Strategy of AFD in Egypt for the period 2009-2011. The first objective of the Strategy is to promote the development of a modern, competitive private sector, by supporting private initiative and SMEs. Promoting access to credit for SMEs will contribute to creating jobs, through investment, and to reducing poverty. >> More about this project

 


AFD and PROPARCO in MED-ALLIA Forum in Cairo

AFD and PROPARCO presented their activities in Egypt to Mrs. Anne-Marie Idrac, French Secretary of State in charge of Foreign Trade, and to M. Rachid Mohamed Rachid, Egyptian Minister of Foreign Trade and Industry, during the inauguration of Med-Allia, on December 7th 2009.  >> Read more

 

 


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