The funding includes six initiatives aimed at enhancing the private sector, she explained during the opening of a mid-term evaluation workshop for the joint country strategy for development cooperation between Egypt and the AfDB, covering the years 2022-2026.
According to a ministry statement, the discussion centered on the longstanding partnership between Egypt and the AfDB, which dates back to 1974
Abdallah, who is also Egypt’s governor at the AfDB, headed a high-level delegation of Egyptian officials at the meetings, including Dr. Rania Al-Mashat, Minister of International Cooperation, and Mr. Tarek El-Khouly, Deputy Governor of the CBE
New study underscores the need for legal reforms to encourage local startup investment.,
Egypt’s economic growth is expected to slightly narrow in 2024, according to the African Development Bank (AfDB), dropping from an estimated 4% in 2023 to 3.7% in 2024