Egyptian General Petroleum Corp (EGPC) is working on $750 million foreign loan, according to a source familiar with the matter. The deal is needed for importing petroleum products, in addition.
Telecom Egypt has signed a $500million medium-term syndicated loan, which will be used to support its capital and operational expenditure and refinance an existing short-term facility. First Abu Dhabi Bank.
The Government of Rwanda has signed a €229.20 million funding agreement with the African Development Bank to support the country’s program to improve electricity supply and expand access to electricity.
Egypt has received the third and last $500 million tranche of a $1.5 billion African Development Bank loan which will support the government’s development programmes, the investment ministry said on.
According to the bank, the development objective of the sustainable program is to strengthen institutions and policies for increasing access and improving rural sanitation services in the country’s poorest governorates..
The Federal Government has secured a $500 million loan facility from the Export Import Bank of China (CEXIM), through the Bank of Industry (BoI), to establish modular refineries and implement.
