The Board of Directors of the African Development Bank (http://www.AfDB.org) has approved a loan of $160 million to Banque Misr to finance Egyptian businesses that invest in key sectors of the economy.
The loan comprises a $130 million line of credit from the Bank and an additional $30 million in funds from the Africa Growing Together Fund (AGTF).
The financing will offer Banque Misr long-term…
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