Egypt, German sign US$70m financing agreement grant for six projects

EGYPT – The government of Egypt and Germany have signed €57.7 million (US$70.29m) development financing agreement grant with the plan of implementing six projects in different sectors. Egypt’s Minister of International Cooperation Rania Al-Mashat signed the agreement with German Ambassador in Cairo Cyrill Nunn. This comes within the framework of the 2019 Financial and Technical Cooperation agreements signed between the Egyptian and the German side, in the sectors of energy efficiency, renewable energy, technical education and vocational training, private sector support, administrative reform, water support, and sanitation. Minister Al-Mashat noted…

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