The French Government authorized AFD’s intervention  in Egypt in 2004. The Agency started project identifications in 2005. In April 2006, AFD and the Ministry of International Cooperation signed an Framework Agreement, approved by Presidential Decree and ratified by the Parliament; the agreement entered into force in February 2007. Photo © Ed Yourdon

News

03/05/2010

The AFD loan agreement for the Improved Water Supply and Wastewater Services Program in the Nile Delta has been signed

The Financing agreement for a concessional loan of  40 million euros from the French Development Agency was signed on April 29th by HE Jean Felix-Paganon, Ambassador of France in Egypt and Mr. Jean-Hubert Moulignat, Director of the AFD office in Cairo, with the Central Bank of Egypt. The loan will finance the Improved Water and Wastewater Services Program (IWSP) in the Nile Delta i.e. in the governorates of Damietta, Sharqeyah, Gharbeya and Beheira. The project aims to improve water services and sanitation to almost 16 million people. AFD cofinances the program with European development institutions: European Union (with the Neighbourhood Investment Facility), the German KfW and the European Investment Bank (EIB), for a total of 295 million euros. Read more



01/04/2010

Water, Waste and Sustainable Development international conference in Alexandira

Senghor University in Alexandria (Egypt), the Ecole des Mines de St Etienne (France) and the Innovation and Technology Association of Sfax (Tunisia) organized with the financial support of AFD an international conference on " Water, Waste and Sustainable Development "(E3D), under the patronage of His Excellency Mr. Hany Helal, Egyptian Minister of Higher Education and Research, from March 28 to March 31, 2010. >> Read more

 



25/01/2010

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



17/12/2009

€ 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

 



 
   
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