Global Trade Alert
Global Trade Alert

Egypt: Afreximbank provides financing to Telecom Egypt

Announcement

22 May 2018

In May 2018, under the coordination of Abu Dhabi Islamic Bank of Egypt, the African Export-Import Bank (Afreximbank) announced providing Telecom Egypt finance for its working capital needs and infrastructure investment in Egypt and other African countries. 

 

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

23 May 2018

Revocation date:

No revocation date

Trade finance In force

On 23 May 2018, the African Export-Import Bank (Afreximbank) signed an agreement for a short-term dual tranche facility with Telecom Egypt under the coordination of Abu Dhabi Islamic Bank of Egypt. In...

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