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Egypt's El Sewedy Electric To Borrow $500 Mln From African Export-Import Bank

Source: www.export-egypt.com 12/11/2018, Location: Africa

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Egypt’s El Sewedy Electric Co has signed a deal to borrow $500 million from the African Export-Import Bank (Afreximbank), the company said .

The money would be used to fund projects in Africa, said Ahmed Hassouna, the company’s head of marketing.

Reporting by Ehab Farouk Writing by Aidan Lewis Editing by Louise Heavens

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