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TunisiaEgypt: supporting agribusiness an EBRD priority
March 4, 2016
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The European Bank for Reconstruction and Development (EBRD) underlined, in a report published on its website, on Thursday 3 March 2016, the importance of developing the agribusiness sector in Egypt. This is one of the priorities in this country, it says. As part of these activities, the EBRD provided a EUR 53.65 million (EGP 500 million) loan to ‘Juhayna’, the largest dairy producer in Egypt, to boost milk production, introduce new products and support the company in meeting high environmental standards.
The EBRD and Juhayna designed an innovative training programme to support local farmers in the Nile Delta and the rest of Egypt. Juhayna selected several of their small and medium-sized milk suppliers to undergo an audit and receive advice on how to improve their performance. The training activities are funded by the European Union’s Neighbourhood Investment Facility and Juhayna is sharing part of the costs.
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