FRA ALLOWS MORE PLAYERS TO SET UP INVESTMENT FUNDS: MSME finance and consumer finance companies can now create and manage investment funds in partnership with commercial and investment banks and ins. firms according to recent regulatory amendments from the Financial Regulatory Authority (FRA). (FRA statement)

MORE FUNDING FOR TAKAFUL, KARAMA:A USD 500 mn loan from the World Bank’s International Bank for Reconstruction and Development (IBRD) got the sign off from President Abdel Fattah El Sisi. The funding will be used to expand the successful Takaful and Karama cash-based welfare programs. (The Official Gazette)

ITALY IS INTERESTED IN OUR FOOD SECTOR: Prime Minister Moustafa Madbouly hosted an Italian delegation to discuss boosting food cooperation with Italy. Partnerships in land reclamation and advanced agricultural techniques, plus the establishment of flour mills, could be in store. (Cabinet statement)

MMMMM… CHICKEN: Agricultural commodities outfit Cairo 3A wants to invest some EGP 1 bn in Egypt’s poultry sector in 2024. (Al Shorouk)

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