China Development Bank has once again underscored its commitment to fostering sustainable economic development across Africa by disbursing a dedicated loan of $76.5 million. The funds, allocated to Egypt's largest state-owned commercial bank—the National Bank of Egypt—are set to empower 94 small and medium-sized enterprises (SMEs) across eight critical sectors, including manufacturing and transportation.

Aligned with the strategic objectives outlined in the Beijing Action Plan for China–Africa Cooperation (2025–2027), the loan is a tangible embodiment of high-quality cooperation under the Belt and Road Initiative and the Global Development Initiative. By channeling affordable and accessible financing, China Development Bank seeks not only to enhance local employment and living standards but also to build enduring partnerships that contribute to the modernization of African economies.

In a recent statement, officials emphasized that this loan supports a broader strategy aimed at elevating the African SME sector—a vital engine of economic growth that has traditionally been underfinanced. This initiative builds on a legacy that dates back to 2009, during which China Development Bank has cumulatively disbursed $3.36 billion in targeted financing. This extensive program now spans 33 African countries and has contributed to the creation of over 270,000 local jobs.

Among the beneficiaries is Arab Valves Company S.A.E, a well-established Egyptian enterprise founded in 1999, renowned for its high-quality valves and related components. Company General Manager Tarek Mostafa highlighted the transformative market dynamics in Egypt, noting, “With a shift from packaged gas to piped natural gas, the demand for natural gas valves is surging. The support from our Chinese partners enables us to scale up production and seize emerging market opportunities.” Such testimonials underscore the direct impact of the financing on improving production capacity and enhancing competitiveness in local markets.

Other enterprises have also mapped out strategic plans for the efficient utilization of the loan. Print Technology Company, a relatively young firm established in 2018 with a dedicated team of 25 professionals, intends to invest in state-of-the-art printing equipment to elevate service quality. Similarly, Royal Lines Land Transport LLC, which has been steadily growing over the past three years, is set to expand its fleet by acquiring additional passenger vehicles to better serve its clientele.