Ukrainian grains and oilseeds producer Nibulon is set to receive an USD 80 mn loan from the European Bank for Reconstruction and Development and ING Bank to finance “working capital needs,” World Grain reports, noting that the news “comes shortly after Nibulon announced its plan to invest USD 2 bn in new grain silos and barges in Egypt’s Nile Delta region.“ The Supply Ministry announced earlier this month that Nibulon would be investing the amount over four stages, with the first — which involves building state-of-the-art silos along the banks of the Nile — set to start during FY2018-19. Nibulon execs are expected to visit Egypt this month to start setting up a local branch for the company and hiring a team to oversee the first phase of the project.

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