The European Bank for Reconstruction and Development (EBRD) has signed a USD 7 mn loan agreement with Egyptian cheesemaker Obour Land, according to an EBRD statement. Obour Land will us the loan to finance its expansion plans, including establishing a “greenfield dairy farm, with imported milking equipment and 2,500 dairy cows.” The farm has an estimated production output of 60 tonnes of milk per day.

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