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Werner Hoyer

Austria's State Leaders Receive Authoritarian Egyptian President Abdel Fattah el-Sisi

Egypt's President Abdel Fattah el-Sisi (Abd al-Fattah as-Sisi) also visited the Federal President, the Federal Chancellor and the Federal Parliament on the fringes of the EU-Africa Forum (High-Level Forum Africa-Europe), at which he received a EUR 350m commitment from the EIB to finance the expansion of the Cairo Metro. Every meeting emphasised that bilateral relations between Austria and Egypt were very good and that cooperation was to be extended. The former General, who is controversial because of his authoritarian style of government, had already made a clear rejection of the so-called "disembarkation platforms" in Egypt to the EU Council President Sebastian Kurz in Cairo during the summer.

December 19, 2018

High-Level Forum Africa-Europe - EIB Signs 3 Africa Projects Totalling Half a Billion Euros

At the Africa‑Europe High‑Level Forum in Vienna the European Investment Bank formally agreed a total of EUR 495 million of new financing for three projects in ten countries to support sustainable transport, clean energy and internet access projects in North, West and East Africa.

December 19, 2018