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13-09-18
Egypt secures USD2bn financial package from Afreximbank
(MENAFN) Egypt was announced to be receiving USD2 billion of funds from the African Export-Import Bank (Afreximbank).
The news has been unveiled by Afreximbank president Benedict Oramah at a meeting held with Egypt's Egyptian Trade Minister Amr Nassar.
The bank's president uncovered the financial package to be including USD500 million, obtained this year, specified for small and medium-sized businesses in Egypt.
Afreximbank offered Egypt in 2017 a financial package of USD1.5 billion, a 15 percent of the financing portfolio of the bank.
MENAFN1309201800450000ID1097426237
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