Egypt's accession to AFC opens up broad horizons for economic development: minister

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Egypt's accession to AFC opens up broad horizons for economic development: minister

STORY: Egypt's accession to AFC opens up broad horizons for economic development: minister DATELINE: Dec. 29, 2022 LENGTH: 0:00:52 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of banks 2. various of street STORYLINE: Egypt's Finance Minister Mohamed Maait has said the country's accession to the Africa Finance Corporation (AFC) contributes to opening up broad horizons for investment in infrastructure projects, heavy industries, communications, transport, logistics and green transformation. He explained that Egypt's accession to the AFC is in accordance with the country's goals to increase green investments to 50 percent in 2024/2025 budget through the expansion of clean energy projects, smart transportation and other developmental and national projects. The minister indicated that the country is keen to strengthen Egyptian presence in Africa and move towards consolidating continental integration, in a way that contributes to achieving common interests. Africa Finance Corporation (AFC) welcomed

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