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Egyptian ministers of elect, investment in talks with AFDB for USD500mn loan

20 Jun 2017

(MENAFN) The ministers of elect, investment and global co-op, and industry and trade held a meeting with the African Development Bank group in order to discuss the third USD500mn tranche of the bank”s loan.

Additionally, the bank granted Egypt USD1.5bn in order to support the economic program and the installation of the development plans.

Meanwhile, the cabinet confirmed amendments to the Capital Market and Corporate Law, and the Ministry of Investment and Intl Co-op offered the service of online establishments of firms.

Furthermore, the minister emphasized the recent government’s priorities are enhancing the investment environment, offering a better standard of living for citizens.

MENAFN2006201700450000ID1095568737

MENAFN2006201700450000ID1095568737

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