Ghana Receives £27M Green Loan From UK For Clean Drinking Water

On Saturday, the UK government announced it would provide a £27M (around US$35.5M) green loan to fund the use of solar energy to sterilize drinking water for rural communities in Ghana, Africa. It will accomplish this using technology developed by a UK-based firm called Aqua Africa. The UK Export Finance (UKEF) green loan to the Ghanaian government comes after an agreement between the country’s sanitation & water resources ministry and Aqua Africa in support of a project that has goals to alleviate roughly 225,000 people in Ghana from day-to-day water…

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Financial Services 

Egypt borrows $2bn ‘to finance state budget’

Egypt has signed its first $2 billion conventional and Islamic financing loan to support the local economy, the Egyptian Ministry of Finance announced yesterday. In an official statement, the ministry said that the loan aimed at “financing the state’s general budget and supporting the Egyptian economy, to contribute to maintain its strong path in the face of prevailing fluctuations in global markets.” The ministry said that the facility was raised to $1.5 billion to $2 billion due to an “increased demand for subscription.” “Despite the difficult challenges that the market…

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