Financial and Banking News
Egypt Receives Aid for Power Generation and Health Services
The Export-Import Bank of Japan has agreed to lend Egypt ¥14.7bn ($116mn) to help build the 300MW power plant at Assiut, some 300 kms. south of Cairo. The plant is due to be completed in June 1991. Finland also agreed on 31 October to lend Egypt Fmk24mn ($5.7mn) to finance the import and construction of four small power stations in the...