Egypt, BRICS' NDB mull cooperation in electricity, renewables sector

This came during a meeting between the Egyptian Minister of Electricity and Renewable Energy Mohamed Shaker and NDB’s Vice-President Vladimir Kazbekov

Staff Writer, Arab Finance

January 18, 2024

PHOTO

Egypt is probing boosting cooperation with the New Development Bank (NDB), established by the BRICS countries, in the electricity and renewable energy sector, as per a statement on January 17th.

This came during a meeting between the Egyptian Minister of Electricity and Renewable Energy Mohamed Shaker and NDB’s Vice-President Vladimir Kazbekov.

For his part, Kazbekov expressed the bank’s interest in increasing its investments in Egypt, considering it as a gateway to the African market.

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