Egypt reports 579 new coronavirus cases; 45 deaths on Friday    61st Diyarna Exhibition: Showcasing Egyptian Handicrafts    Art House partners with Cultural Development Fund to present theatrical, musical shows    Egypt stresses necessity of launching 'serious' negotiation process to reach deal on GERD before flood season    Arab interests must be voiced unanimously to reflect unified will: Aboul Gheit    Ethiopia says AU-led GERD negotiations will be win-win, expects close agreement    Egypt, Jordan, and Palestine reiterate call for halting Israeli settlement activities    Al-Sisi, Guinea-Bissau counterpart discuss counterterrorism, GERD negotiations    Egypt, Sudan finalise agreement strengthening military cooperation    Yemen's Houthis fire missile at Saudi Aramco site in Jeddah    Messi serves as bright spot in Barcelona's disastrous season    Zamalek ready with striking force against Esperance Tunis    Egypt clubs protest Football Association decision to cover costs of COVID-19 tests    International Cooperation Ministry, AfDB sign development financing of €109m for rural Luxor sanitation services    Egypt's National Council for Women launches awareness campaign on nutrition education    Egypt on transformational path into regional energy trade centre: Petroleum Minister    Planning Ministry prioritises Upper Egypt development under coherent, integrated programme    Hassan Allam wins contract to manage, operate Grand Egyptian Museum    March: The month of celebrating women    Egypt launches ‘Closing the Gender Gap Accelerator' action plan    Africa welcomes COVAX doses but warns against 'selfishness'    Preview: Ahly seeking to dispel doubts in CL clash against Vita Club    Preview: Zamalek hoping to maintain recent dominance over Tunisia's Esperance    Pope urges Iraqis to shun past violence and give peace a chance    Egyptian Journalists' Syndicate midterm elections postponed to 19 March    UPDATED: Pope Francis arrives in Baghdad for risky, historic Iraq tour    Juve face Lazio test before crunch Champions League game    Sudan keen to enhance cooperation with Egypt: Sudanese FM Al-Mahdi    Moody's completes periodic review of ratings of GIG Insurance – Egypt    Egypt improves ranking on Heritage Foundation's Index of Economic Freedom    A Happy Purrfect Rescue Story of 4 Cats in Thailand    Egypt court upholds 3-year prison sentence for Mubarak-era Minister El-Feky    Spotify competitor Anghami to become first Arab tech firm to list on Nasdaq, eyes plans for Egypt    Egypt's Zamalek arrive in Tunisia to face Esperance in CAF Champions League    French President Macron renews calls for end to repression in Myanmar    Winston Churchill's Moroccan landscape painting owned by Angelina Jolie sells for $11.5M    Syrian pound hits new low in contagion from neighboring Lebanon's currency crisis    Orascom Construction to build Magdi Yacoub Global Heart Centre    Respect for diversity    From the trading floor    Huawei launches HUAWEI FreeLace Pro in Egypt with extra-long battery life and top-grade noise cancellation    Enhanced Labs signs Mr. Olympia 2020 "Big Ramy" And His Trainer Dennis James    1st hours of registration for coronavirus vaccine seen 7,000 Egyptians signing up: ministry    King Tutankhamun funerary mask is must-see tourist icon: The Telegraph    Egypt eyes gradual return for tourism after revenues fall to $4 bln in 2020    Seasoned Egyptian screenwriter Wahid Hamed dies at 76    Coronavirus strikes Egypt's youth team as 17 players, coach test positive    Egypt, Ethiopia, Sudan to resume Nile dam talks today    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.





AfDB, EIB ink joint action plan to boost public, private investments in Africa amid COVID-19
Published in Amwal Al Ghad on 21 - 01 - 2021

The African Development Bank (AfDB) and the European Investment Bank (EIB) have signed a joint partnership action plan aiming to stimulate public and private sector investments in Africa amid the ongoing COVID-19 crisis.
The joint action plan focuses on climate action and environmental sustainability, transformative large-scale quality infrastructure investment, information and communication technology infrastructure and services, financial inclusion with a gender lens aimed at the empowerment of girls and women, education and training, and the health sector, according to the AfDB.
"It is crucial that more multinational development banks and other development finance institutions commit to closer and stronger collaboration, such as seen through this joint action plan between the AfDB and the EIB, in order to more efficiently and effectively support our regional member countries during these troubling times," said AfDB's acting Senior Vice President Bajabulile Swazi Tshabalala.
"Sustainable economic growth and security in regions facing particular challenges, such as the Sahel and Horn of Africa, are our top priority,"
Meanwhile, EIB Vice President Thomas Östros said that the signed action plan demonstrates the firm commitment of the EIB and the EU Bank to delivering investment that makes a real difference to Africa and enhance cooperation and engagement with African partners to ensure that Africa emerges from the health, social, and economic challenges of COVID-19.
Over the past 5 years, the shared portfolio of the two institutions has grown to €3.4 billion, leveraging investment totaling €10.2 billion for 26 projects across the continent, according to the AfDB.


Clic here to read the story from its source.