African States Should Learn From Suez Canal Financing Experience

Visit this story on https://ugandaradionetwork.net.

Login or register Become a subscriber to read this story in full
Become a subscriber to read this story and access the latest stories on our website or to license our photos. More info here. Interested to become a regular client instead? contact us.

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

13 Sep 2019, 16:26 Comments 962 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

IP: 18.208.132.33. Referrer: . FirstClickFree: 0. Clicks by IP: ?. Clicks by cookie: ?.