Libra Capital secures US$12.73m loan from AAIB for its renewable energy projects

EGYPT – The Arab African International Bank (AAIB), has signed a new long-term loan agreement worth EGP 200 million (US$12.73m) with Libra Capital, a subsidiary of Enara Group to finance its renewable energy projects. Libra Capital, which provides integrated solutions for the commercial and industrial sectors. The loan, which will cover a period of up to 10 years, will help the Enara Group subsidiary finance its projects in Egypt, in the field of developing, constructing, and operating solar power stations. It comes in view of the banking sector’s main role…

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