The Egyptian Agricultural Bank has launched an initiative to provide funding for livestock, Daily News Egypt reports, picking up news from late May in the Arabic press. “We aim to finance the purchasing of [1 mn head of] livestock in addition to milking equipment, refrigerated transport, and the establishment of feed factories,” Chairman El Sayed El Kosayer said. The funding target was not specified, but is part of the initiative to support SMEs by the CBE. The bank was formerly known as the Principal Bank for Development and Agricultural Credit (PBDAC) only came under CBE supervision last November.

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