AFDB | Egypt Oil & Gas
AfDB to Finance Three Projects within Egypt’s FiT Program
The African Development Bank (AfDB) is considering financing three projects within the Feed-in Tariff (FiT) program in Benban, Aswan for $60m. The bank has allocated $18m and $20m worth of finances for each project in...
Egypt to Partially Pay Oil Arrears
Sources at the Ministry of Petroleum and Mineral Resources stated to Daily News Egypt that the ministry plans to repay part of its arrears for international oil companies (IOCs) in May after receiving the third tranch...
AfDB to Run Nigeria’s Power Company
African Development Bank’s (AfDB) energy expert, Usman Gor Mohammed, was appointed to run Transmission Company of Nigeria (TCN), owned by Nigeria’s Power Ministry, in attempts to enhance the current power situat...
World Bank, AFDB to Loan Egypt $1.5b
Reuters reported that the Egyptian Prime Minister said the country expects to receive $1.5b in loans from the World Bank and African Development Bank (AfDB) by the end of 2015. The decision comes as part of the countr...
African Development Bank to Fund Egypt’s Renewable Sector
Egypt signed Thursday a grant agreement with the African Development Bank Group’s Middle Income Country Technical Assistance Fund (MIC TAF). Upon the agreement, Egypt shall receive three grants with total value ...
African Development Bank to Increase Hydropower Generation in Egypt
The African Development Bank (AfDB) plans to boost energy generation capacity at hydropower plants to 40,000 MW, with connections to Nigeria, South Africa and Egypt, according to AfDB’s report issued Tuesday. The repo...Page 1 of 1
