Egypt's anti-drug body launches new awareness phase in Maspero Triangle    Agiba Petroleum starts production from Arcadia-28 at 4,100 BOE/day    Minister El-Shimy pushes for stronger returns, partnerships in real estate, construction sectors    Apparel, textile chambers engage with Chinese delegation to explore investment opportunities in Egypt    Egypt reviews health insurance funding mechanism to ensure long-term sustainability    Obama calls for aid access to Gaza, says 'no justification' for withholding food    Gaza on verge of famine as war escalates, ceasefire talks stall    Gaza crisis, trade on agenda as Trump hosts Starmer in Scotland    Egyptian president follows up on initiatives to counter extremist thought    Egypt's SCZONE eyes deeper investment, port digitalisation ties with Singapore    Egypt's gold prices slip slightly on July 28th    Egypt's Housing Min. reviews HDP marketing plan    Indian Embassy to launch cultural festival in Assiut, film fest in Cairo    Egyptian aid convoy heads toward Gaza as humanitarian crisis deepens    Culture minister launches national plan to revive film industry, modernise cinematic assets    Sudan's ambassador to Egypt holds reconstruction talks on with Arab League    I won't trade my identity to please market: Douzi    Egypt welcomes 25-nation statement urging end to Gaza war    Sisi sends letter to Nigerian president affirming strategic ties    Egypt, Senegal sign pharma MoU to unify regulatory standards    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt, Somalia discuss closer environmental cooperation    Egypt foils terrorist plot, kills two militants linked to Hasm group    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



€22m grant agreement from EU to agricultural SMEs
The project is expected to benefit more than 400 agricultural SMEs and to create 20,000 direct and indirect jobs
Daily News Egypt Published in Daily News Egypt on 06 - 12 - 2015

A grant agreement worth €22m to implement the European Union-funded project to support agricultural small and medium-sized enterprises (SME) was signed Sunday.
More than 400 agricultural SMEs are expected to benefit from the project, while it will create 20,000 direct and indirect jobs. The fund is expected to reach more than 16,000 beneficiaries over seven years, according to a statement.
The signing ceremony of the grant agreement was attended by the Head of Operations of the European Union Delegation to Egypt, Counsellor Diego Escalano-Paturel, the French Ambassador to Egypt, Andre Parent, and the Egyptian Minister of Agriculture and Land Reclamation, Essam Fayed.
The grant agreement is in cooperation with the French Agency for Development (AFD), represented by the director of the AFD Cairo office, Stéphanie Lanfranchi, and Minister of International Cooperation Sahar Nasr.
The grant originates from the EU and has been delegated to AFD. It will be implemented by the Ministry of Agriculture and Land Reclamation.
The project aims to increase the income of agricultural stakeholders through facilitating access to credit and integrating the benefits of the agricultural sector.
Contribution to this project in the form of an EU donation is essential to strengthen the capacities of the different actors of the agricultural sector, especially in dairy and marine aquaculture sectors, according to the statement.
This grant will also allow the development of an innovative guarantee scheme, the first Trust Fund entirely dedicated to the agricultural sector in Egypt.
The EU with the Ministry of Agriculture, the Commercial International Bank (CIB), and the Credit Guarantee Company (CGC) will be strongly involved in the credit line and the guarantee scheme implementation, according to the statement.

Clic here to read the story from its source.