African States Should Learn From Suez Canal Financing Experience

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

13 Sep 2019, 16:26 Comments 680 Views Cairo, Egypt Business and finance Updates

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.

Tagged with: Africa and loans African Developement Banks Chinese loans Loans Uganda loans domestic financing investment certificates

Mentioned: Egypt Suez Canal Authority World Bank

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