Al-Sisi reaffirms Egypt’s support for African Development Bank
Egyptian President Abdel Fattah Al-Sisi reaffirmed Egypt’s full support for the African Development Bank Group (AfDB), stressing its crucial role in financing development and infrastructure projects across Africa amid growing economic and geopolitical challenges. In a statement, Egypt’s presidency said
AfDB provides $170m to Egypt for economic diversification and sustainability
Egypt and the African Development Bank (AfDB) have signed a $170m agreement for the second phase of the Private Sector Development and Economic Diversification Support Program (PSD-EDSP II) to support the state budget and advance structural reforms. The Minister of
AfDB calls on African nations to accelerate private capital mobilisation to close development financing gap
Rabat – African Development Bank (AfDB) President Sidi Ould Tah urged African governments and financial institutions to intensify efforts to mobilise private capital to bridge the continent’s widening infrastructure and development financing gap. Speaking at the opening of the 2025
Egyptian Parliament approves $131m AfDB budget support deal
The Egyptian House of Representatives has approved an agreement with the African Development Bank (AfDB) for $131m to finance the first phase of the Private Sector Development and Economic Diversification Program, a component of the country’s general state budget support.
Multilateral banks laud Egypt’s Climate Finance Platform at COP29
Twelve multilateral development banks issued a joint statement at COP29 in Azerbaijan praising Egypt’s Nexus of Water, Food, and Energy (NWFE) program as a model for mobilising climate finance. The statement, titled “Country Platforms for Climate Action: MDB Statement of
Central Bank of Egypt’s Governor concludes AfDB Annual Meetings with final communiqué – Dailynewsegypt
Hassan Abdalla, Governor of the Central Bank of Egypt (CBE) and Egypt’s representative at the African Development Bank Group (AfDB) presented the final communiqué at the conclusion of the AfDB’s 2024 annual meetings in Nairobi, Kenya. The meetings, held from
Al-Mashat promotes Egypt’s NWFE programme, green hydrogen initiatives at AfDB Meetings – Dailynewsegypt
Rania Al-Mashat, Egypt’s Minister of International Cooperation and Alternate Governor for the African Development Bank (AfDB), engaged in a series of high-level discussions, with a focus on promoting the NWFE programme and green hydrogen initiatives at the AfDB Annual
African nations urged to boost private investment in tertiary education at African Development Bank Meetings – Dailynewsegypt
At the African Development Bank’s 2024 Annual Meetings, experts urged African nations to intensify efforts to attract private sector investment in tertiary education to equip the continent’s youth with competitive skills. Former Tanzanian President Jakaya Kikwete, Board Chair of the Global Partnership
Flexible financial system needed to accelerate SDGs in Africa: Al-Mashat at AfDB Annual Meeting – Dailynewsegypt
Egypt’s Minister of International Cooperation, Rania Al-Mashat, highlighted the need for a more flexible and inclusive international financial system to accelerate the implementation of sustainable development goals (SDGs) in Africa. She made this statement during the annual meetings of