The African Development Bank (AfDB) Group has greenlit up to $184.1 million in financing for the Obelisk solar energy project in southern Egypt.
Banga praised Egypt’s ongoing economic reforms and the creation of state-led investment platforms, emphasizing Egypt’s position as a leading partner for the World Bank, highlighting initiatives like the “NWFE” platform, which promotes climate investments in adaptation and mitigation efforts, and the “Hafiz” platform that fosters private sector participation.
The Italian government is taking a keen interest in supporting the sectors targeted by Egypt’s Nexus of Water, Food and Energy (NWFE) Program, Italian Ambassador to Cairo, Michele Quaroni shared.
The initiative aims to leverage the success and expertise gained from a project funded by the Korea Green Growth Trust Fund (KGGTF)
Al-Mashat confirmed Egypt's keenness to strengthen international partnerships with multilateral and bilateral development partners in the water sector based on state ownership and priorities
