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FINANCIAL NEWS
Egypt’s agricultural SMEs receive USD24m in funding
07 Dec 2015
(MENAFN) A grant pact valued at USD24 million was signed to apply the European Union-funded project to support the Egyptian agricultural small and medium-sized enterprises (SME), based on recent reports.
More than 400 agricultural SMEs are estimated to profit from the project, let alone it will generate 20,000 direct and indirect jobs, plus it’s projected to reach more than 16,000 beneficiaries over seven years.
Basically, the promising project’s main target is to increase and boost the income of agricultural stakeholders through facilitating access to credit and integrating the benefits of the agricultural division.
The Egyptian Ministry of Agriculture with the EU, alongside the Commercial International Bank and the Credit Guarantee Company will be deeply involved in the credit line and the guarantee scheme execution.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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