Telecom Egypt Secures $200 Million Afreximbank Financing Facility
he African Export-Import Bank (Afreximbank) will commit up to $200 million to Telecom Egypt (TE) to enable the telecommunication company finance working capital and investments in its infrastructure under a deal coordinated by the Abu Dhabi Islamic Bank-Egypt. The agreement for the short-term dual tranche facility, signed in Cairo on Monday, provides for TE to utilise…