African States Should Learn From Suez Canal Financing Experience - Egypt Top story

Comments 680 Views Cairo, Egypt
One of the vessels at the new Suez Canal

One of the vessels at the new Suez Canal

In short
In August 2015, Egypt expanded the size of the Suez Canal, a man-made Canal that links the Mediterranean Sea and the Red Sea following financing from Egyptians who bought investment certificates worth USD 3.6 billion (13 trillion Shillings) with a maturity period of five years and an interest rate of 15.5 per cent.

 

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