Egypt - Line of Credit to «Corporate Leasing Company (Corplease) »


Project Summary

Approval Date 29 Jan 2020
Sovereign / Non-Sovereign Non Sovereign
Sector Finance
DAC Sector Code 24030
Environmental Category 4 (FI-B)
Commitment U.A 10,976,064.86
Status Approved

Project Objectives

The overarching objective of the project is to finance the development of active Egyptian corporates including SMEs, which will contribute to the attainment of the Bank’s priorities and align with Egypt vision 2030. The facility will be used specifically to fund targeted new transactions linked to the Bank Hi5’s priority agenda with emphasis on agribusiness and food industries, ICT, health, transport, tourism, clean energy, and manufacturing related transactions.

Participating Organization

Funding
African Development Bank

Information

IATI identifier 46002-P-EG-H00-005
Last Update 23 Jan 2021

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Contact Details

Email private-sector@afdb.org

Geographic Location

Country Egypt