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African Export–Import Bank to extend $200m for financing SMEs in Egypt
Published in Albawaba on 26 - 06 - 2017

Cairo - The African Export–Import Bank (AFREXIMBANK) will extend dlrs 200 million to Banque Misr in July for financing medium and small-sized enterprises.
Investment and International Cooperation Minister Sahar Nasr had talks with AFREXIMBANK Chairman Benedict Okey Oramah on means of enhancing joint cooperation, especially in supporting medium and small-sized enterprises and exporting their products to Africa.
In a statement on Monday, Nasr underlined the importance of realizing regional integration and injecting more investments into the infrastructure sector in Egypt and other African countries.
She also called for giving momentum to exporting industries to create jobs for Africans.
AFREXIMBANK currently had an outstanding credit portfolio of more than four billion dollars for Egypt, the statement said.
Oramah expressed preparedness to offer all needed support for Egyptian industries that would be exported to Africa.
Oramah said he is interested in boosting infrastructure projects and construction companies. He expressed confidence that the Egyptian economic reform program would succeed.
He added that the bank is mulling to bankroll Egyptian investments in the fields of renewable energy and real estate development.


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