Private Sector Archives

EGYPT TO IMPLEMENT JOINT DESALINATION PROJECT WITH PRIVATE SECTOR

Posted on 15 July 201916 July 2019 by Gambeta News

Why is the Egyptian Government mulling over private sector involvement for the joint desalination project Desalination is vital for Egypt, especially in the provision and production of drinking water. Over the years, Egypt has been suffering from severe water scarcity. This has been from Uneven water distribution, misuse of water resources and inefficient irrigation techniques which has put the country’s water security at risk. Egypt water crisis has also had problems ranging from Population Explosion, Inefficient…

RWANDA PRIVATE SECTOR TO BE FINANCED BY CHINA EXIMBANK

Posted on 26 June 2019 by Gambeta News

Eximbank of China to support Rwanda private sector after meeting. China Eximbank is making plans to extend financial support to Rwanda Private sector. Minister for Finance and Economic Planning Uzziel Ndagijimana made the statement after holding talks with the bank executives. The meeting was part of China-Africa relations, existing challenges and how best to strengthen the partnership for mutual interests. During the two day FOCAC meeting some 80 African ministerial-level officials attend the event. Uzziel…

STERLING BANK SIGNS US$65 billion LOAN DEAL WITH BADEA

Posted on 21 February 2019 by Gambeta News

Sterling Bank and The Arab Bank for Economic Development in Africa (BADEA) signs US$65 billion deal Nigerian Bank, Sterling Bank have signed a deal to receive a US$65 billion loan facility from The Arab Bank for Economic Development in Africa (BADEA). According to Sterling Bank’s Executive Director, Corporate & Investment Banking Mr. Yemi Odubiyi, the US$65 billion loan will come in two batches, US$15bn and US$50bn. Firstly, the US$15bn will be for financing private sector projects through on-lending to customers; while…