Last updated:09.12.2021 | 09:16 GMT | Material uses
Reuters
Egyptian President Abdel Fattah el-Sisi
Egyptian President Abdel Fattah El-Sisi has approved a loan from Japan worth 20 billion Japanese yen (about $176 million) aimed at developing the electricity sector.
The Egyptian President issued Resolution No. 324 of 2021, approving the exchanged letters between the Egyptian government and the government of Japan, regarding the provision of the Japan International Cooperation Agency (JICA) to the Egyptian government, a development loan.
The loan aims to develop the electricity sector in Egypt, and the value of the loan is 20 billion Japanese yen, and for the purpose of implementing the reform program in this sector. The decision was published in the Official Gazette.
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