badea grants egypt line of credit worth 50m
Last Updated : GMT 06:49:16
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Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

BADEA grants Egypt line of credit worth $50m

Arab Today, arab today

Arab Today, arab today BADEA grants Egypt line of credit worth $50m

The Arab Bank for Economic Development in Africa (BADEA)
Cairo - MENA

The Arab Bank for Economic Development in Africa (BADEA) has approved to grant Egypt a Line of credit (LOC), worth 500 million dollars during a meeting held Wednesday in Khartoum, the minister of investment and international cooperation said.

In statements on Thursday, Sahar Nasr said this move is meant to lure Egyptian businessmen to pump investments into the African market.

The line of credit will contribute to supporting a number of promising sectors in Africa, notably medicine, fertilizers, foodstuffs and petroleum products, she noted.

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badea grants egypt line of credit worth 50m badea grants egypt line of credit worth 50m

 



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