CAIRO – Germany has offered Egypt $500 million to support its economic programme and medium-sized and small businesses, the Egyptian ministry of investment and international cooperation said on Friday.
Thank you for reading this post, don't forget to subscribe!“It was agreed with the German side (that they would) provide $250 million to support the economic programme … as well as $250 million to support several other sectors, including micro-enterprises and small and medium-sized enterprises, ” it said in a statement.
The support will come in the form of grants and concessional funds, a government official told Reuters. The German offer came during a visit to Egypt by German Chancellor Angela Merkel.