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Thursday, 10 September 2020

Cabinet approves EUR 225 mn AfDB loan for electricity reforms, green energy

CABINET WATCH- The Madbouly cabinet approved a EUR 225 mn financing agreement with the African Development Bank (AfDB) to support electricity infrastructure development, it said in a statement following its weekly meeting. The cabinet also approved the establishment of new universities and schools, including two non-profit universities — one in Al Saleheyah Al Gadidah and another in Sharm El Sheikh — as well as a medical research institute in Assiut, and two new faculties in Fayoum and New Valley universities.

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