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Economic development

AfDB Commits $746M to Egypt in 2025, Focusing on Private Sector, Pharmaceuticals, and Clean Energy

Strategic Insights

— 2 min read

The African Development Bank (AfDB) has pledged to provide Egypt with $746 million in funding in 2025, matching the amount projected for 2026. This support will reinforce Egypt's position as the Bank's second-largest regional member country shareholder, after Nigeria, and the third-largest overall. The funding will be allocated across sovereign and non-sovereign operations, with a focus on the private sector, pharmaceuticals, and clean energy. AfDB's Country Manager in Egypt, Abdourahmane Diaw, highlighted the Bank's current portfolio in Egypt, which totals $2.045 billion, with private sector operations accounting for $800 million, or 39%.

Key Takeaways:

  • AfDB's current portfolio in Egypt totals $2.045 billion, with private sector operations accounting for $800 million, or 39%.
  • The Bank is involved in 13 active private sector projects in Egypt, including seven in the power sector, three in finance, and one each in healthcare, industry, and agribusiness.
  • Key projects in 2025 include the Minapharm Expansion and Renovation Program, the Jobs, Entrepreneurship, and Livelihood Enhancement Support (JELES) program, the Partial Credit Guarantee for Samurai Bond, and the Large-Scale Solar PV and Battery Storage Project.
  • Finance is the largest segment of AfDB's Egypt portfolio, representing 31%, followed by energy (21%), multisector (19%), agriculture (10%), water and sanitation (9%), and transport (8%).
  • The social and industrial sectors account for just 1% each.
  • AfDB is discussing support for medium-sized pharmaceutical companies through local commercial banks and is prepared to back Egypt's green hydrogen ambitions as part of its broader energy transition and regional hub strategy.
  • Over the past three years, AfDB has funneled $293 million to Egyptian banks, mainly to finance SMEs, with future funding tied to performance evaluations.

Statistics:

  • AfDB's current portfolio in Egypt totals $2.045 billion.
  • Private sector operations account for $800 million, or 39% of the portfolio.
  • AfDB is involved in 13 active private sector projects in Egypt.
  • Finance is the largest segment of AfDB's Egypt portfolio, representing 31%.
  • Energy is the second-largest segment, representing 21%.
  • The social and industrial sectors account for 1% each.
  • AfDB has funneled $293 million to Egyptian banks over the past three years.
  • AfDB aims to support Egypt's green hydrogen ambitions as part of its broader energy transition and regional hub strategy.

Sources:

  • Abdourahmane Diaw, AfDB's Country Manager in Egypt, speaking to Daily News Egypt.
  • The African Development Bank (AfDB).
  • Daily News Egypt.
  • Programme for Infrastructure Development in Africa (PIDA).
  • African Union Commission.
  • NEPAD.
  • AfCFTA (African Continental Free Trade Area).

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