The Board of Directors of the African Development Bank on Wednesday approved a $22 million Senior Loan to help Egypt’s Corporate Leasing Company (Corplease) expand its operations in the North African country.
The decision signaled confidence in a burgeoning local market and in the Egyptian economy as a whole.
The Bank will mobilize $7 million of the $22 million from the Africa Growing Together Fund (AGTF), a co-financing fund, established with the People’s Bank of China. […]
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