The Central Bank of Egypt (CBE) has decided to include agricultural and aquaculture production companies, with annual business or revenues ranging between EGP 50m and EGP 1bn, in its EGP 100bn initiative to boost manufacturing by allowing access to subsidised loans at a declining 8% interest rate.
The CBE also informed banks operating in Egypt that it will continue its initiative issued on 12 July 2017 to support small-sized agricultural production companies, with annual sales or revenues ranging between EGP 250,000 and EGP 50m, to access credit facilities at a declining 5% interest rate.
