Infrastructure Development Financing Project
Egypt
Proposed
Multiple Areas
Quick Facts
More About This Project
Egypt has developed the Sustainable Development Strategy: Egypt’s Vision 2030 (“SDS”) as a strategic roadmap, which is in alignment with the United Nations Sustainable Development Goals. The NDB Loan will provide funding support through a reputable partner, in Egypt, African Export-Import Bank (Afreximbank), and thereby contribute to supporting private-sector-led investments in infrastructure development, related to activities in line with Egypt’s Vision 2030.
Afreximbank is a pan-African supranational multilateral financial institution. established in 1993 whose primary mandate is to support trade and trade-enabling infrastructure investments in its member states.
NDB is providing a loan to Afreximbank for on-lending directly to private sector sub-borrowers or through local financial intermediaries. The loan proceeds will be used for the financing of infrastructure and sustainable development projects located in Egypt that fall within the mandate of both the NDB and Afreximbank which includes (i) clean energy and energy efficiency, (ii) transport infrastructure, (iii) water and sanitation and (iv) digital infrastructure.
The key objective of the proposed transaction is to promote infrastructure development in Egypt through the provision of financing solutions for private companies via Afreximbank by providing relatively longer tenor funding required for infrastructure investments of this nature.