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FinancialNews


  • 10-06-19

    Sisi passes Egypt-AFESD loan agreement

    (MENAFN) Egypt's official gazette announced the approval of a loan deal by Egyptian President Abdel Fattah El-Sisi.

    Secured with the Arab Fund for Economic and Social Development (AFESD), the loan agreement is valued at around USD230,361,600.00.

    President El-Sisi sealed the deal with the AFESD back in August 2018, aiming for the funding to reach the country amid economic reforms.

    Through the loan, Egypt will be able to fund its project to establish a sewage treatment facility in Bahr El-Baqar.

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