African Development Bank (AfDB)

Egypt’s real GDP growth may slow down to 3% in 2021, rebound to 4.9% in 2022: AfDB

Egypt is expected to see a slowdown in its real GDP growth of three percent in 2021, down from the 3.6 percent in 2020, before rebounding to 4.9 percent in 2022, according to the African Development…
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AfDB named world’s best multilateral financial institution for 2021

Global Finance, an American magazine that specialises in financial markets and investment banking, named the African Development Bank (AfDB) the best multilateral financial institution in the world…
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AfDB allocates $2 mln grant to boost financial inclusion in Africa

African Development Bank (AfDB) announced allocating a $2 million grant to establish the African Cybersecurity Resource Centre (ACRC) for Financial Inclusion, for the sake of tackling cybercrime…
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Egypt inks €109 million AfDB financing deal to provide sanitation services to rural areas in Luxor

Egypt signed on Thursday a development financing deal worth €109 million ($131.1 million) with the African Development Bank (AfDB) to provide residential communities across rural areas in Luxor with…
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