expatriates-remittances

Egypt Gets $ 200 Million EBRD Loan for Power Plant Project

The European Bank for Reconstruction and Development (EBRD) has approved a US$ 200 million loan for the construction of a new 1.8 GW combined cycle gas-fired power plant in Damanhour, north west of Cairo. This loan will contribute to funding the US$ 1.3 billion total project cost, which is also being supported by the European […]

Poverty Affects One in Four Children in MENA Region- UNICEF

Poverty continues to affect millions of children in North Africa and the Middle East where one in four children lives without quality health care or decent housing, the UNICEF said in a new report. Poverty continues to affect at least 29 million children who are deprived of the minimum requirements in two or more of […]

Africa: AfDB disburses $500 million for renewable energy

The African Development Bank (AfDB) has approved a loan of $500 million for Africa’s electrification through renewable energy. The Energy Inclusion Facility (EIF) will distribute the loan among major project promoters and off-grid suppliers across the continent. According to the pan-African financial institution, $100 million will go to off-grid providers to enable them expand their […]