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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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