VOL. XXXIX

No. 5

30-October-1995

EGYPT

EIB Loan Of $92Mn To Egyptalum

The European Investment Bank (EIB) is lending ECU 70mn (about $92mn) to the Bank of Alexandria for onlending to the Aluminium Company of Egypt (Egyptalum) for the modernization of its plant in Upper Egypt. Egyptalum is the sole producer of primary aluminium in Egypt. The modernization program will introduce the latest "pre-baked anode" technology, and will involve the construction of an anodes production plant, the...