Masress : NBE, Agriculture Ministry cooperate to finance livestock projects

Egyptian public, private sectors off on Apr 25 marking Sinai Liberation Egypt's SCZONE welcomes Zhejiang Province delegation for trade talks Beltone Venture Capital partners with Citadel International to manage $30m startup fund S. Africa to use contingency reserves to tackle debt Gaza health authorities urge action for cancer, chronic disease patients Transport Minister discusses progress on supplying new railway carriages with Hungarian company Egypt's local gold prices see minor rise on April 18th Expired US license impacts Venezuela crude exports Taiwan's TSMC profit ups in Q1 Yen Rises, dollar retreats as G7 eyes currency calm Egypt, Bahrain vow joint action to end Gaza crisis Egypt looks forward to mobilising sustainable finance for Africa's public health: Finance Minister Egypt's Ministry of Health initiates 90 free medical convoys Egypt, Serbia leaders vow to bolster ties, discuss Mideast, Ukraine crises Singapore leads $5b initiative for Asian climate projects Karim Gabr inaugurates 7th International Conference of BUE's Faculty of Media EU pledges €3.5b for oceans, environment Egypt forms supreme committee to revive historic Ahl Al-Bayt Trail Debt swaps could unlock $100b for climate action Acts of goodness: Transforming companies, people, communities Eid in Egypt: A Journey through Time and Tradition President Al-Sisi embarks on new term with pledge for prosperity, democratic evolution Amal Al Ghad Magazine congratulates President Sisi on new office term Tourism Minister inspects Grand Egyptian Museum, Giza Pyramids Egypt's healthcare sector burgeoning with opportunities for investors – minister Egypt starts construction of groundwater drinking water stations in South Sudan Russians in Egypt vote in Presidential Election Egyptian, Japanese Judo communities celebrate new coach at Tokyo's Embassy in Cairo Uppingham Cairo and Rafa Nadal Academy Unite to Elevate Sports Education in Egypt with the Introduction of the "Rafa Nadal Tennis Program" Egypt's powerhouse 'The Tank' Hamed Khallaf secures back-to-back gold at World Cup Weightlifting Championship" Financial literacy becomes extremely important – EGX official Euro area annual inflation up to 2.9% – Eurostat Egypt builds 8 groundwater stations in S. Sudan BYD، Brazil's Sigma Lithium JV likely UNESCO celebrates World Arabic Language Day Motaz Azaiza mural in Manchester tribute to Palestinian journalists 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.

NBE, Agriculture Ministry cooperate to finance livestock projects
Bank injected EGP 1.2bn to fund 7,400 livestock, poultry, fishery development projects

Hossam Mounir Published in Daily News Egypt on 30 - 12 - 2017

Yahya Aboul Fatouh, vice chairperson of the National Bank of Egypt (NBE) and Mona Mehrez, deputy minister of agriculture for livestock, fisheries, and poultry development affairs, signed a cooperation protocol to provide financing services for livestock development projects, including foraging or dairy production and helping to expand the importation of high genetic traits that improve the output of projects.
According to Mehrez, this protocol comes within the framework of the Ministry of Agriculture's interest in implementing the government's plan and directives of the political leadership to support and develop livestock, fish, and poultry in Egypt to provide a multi-source protein at low prices and high quality.
She added that the protocol includes the provision of financial and technical services necessary for livestock projects, in order to contribute to financing the purchase of strains with high genetic characteristics, both in the production of milk or meat.
According to Aboul Fotouh, this protocol comes to emphasise the bank's implementation of its strategy to support and finance small and medium enterprises, particularly agricultural and livestock development.
He explained that the protocol aims at providing the necessary funding for livestock development projects for the production of meat or dairy, which have been approved by the ministry, in order to ensure the rapid implementation of these projects, marking an added value at the level of the national economy and positively reflected on bridging the food gap.
He added that the bank's financing of these projects comes within the framework of the CBE's initiative to finance small projects, if the conditions of the initiative are available, or any of the other concessional financing programmes available at the bank.
For his part, Saad Mohy El Din, general manager of the Small and Medium Enterprises Financing Sector at NBE, revealed that the bank has pumped EGP 1.2bn to finance 7,400 livestock, poultry, and fish projects.

Clic here to read the story from its source.