Sudan: Egyptian Bank to Fund Investment in Sudan With 500 Million Dollars

20 September 2012

Khartoum — An Egyptian commercial bank is going to inject 500 million US dollars into Sudanese markets to fund joint investment projects, the head of the bank said in the wake of growing political and economic rapprochement between the two neighboring countries.

The chairman of the National Bank of Egypt (NBE), Tarig Amir, announced during the inauguration of the bank branch in the Sudanese capital Khartoum on Thursdays that the sizable investment fund would be injected over the next three years in order to finance joint Egyptian-Sudanese projects to be implemented on Sudanese soil.

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