Cabinet Okays Egypt’s Accession to FEDA
- Date: 24-Feb-2024
- Source: Egypt Independent
- Sector:Financial Services
- Country:Egypt
Cabinet Okays Egypt’s Accession to FEDA
The cabinet, under Prime Minister Mostafa Madbouly, approved, during its weekly meeting on Thursday 22/2/2024, Egypt’s accession to the Fund for Export Development in Africa (FEDA).
The fund is the impact investment arm of the African Export-Import Bank (“Afreximbank”), and was set up to support intra-African trade growth, value-added export development and industrialization.