{"id":578188,"date":"2022-12-19T04:09:15","date_gmt":"2022-12-19T04:09:15","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/19\/ebrd-lends-usd-40-mn-to-angel-yeast-to-up-local-production\/"},"modified":"2022-12-19T04:09:15","modified_gmt":"2022-12-19T04:09:15","slug":"ebrd-lends-usd-40-mn-to-angel-yeast-to-up-local-production","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/19\/ebrd-lends-usd-40-mn-to-angel-yeast-to-up-local-production\/","title":{"rendered":"EBRD lends USD 40 mn to Angel Yeast to up local production"},"content":{"rendered":"

<\/a> The European Bank for Reconstruction and Development (EBRD) is lending USD <\/strong>40 mn <\/strong>to the Egyptian branch of China-based yeast <\/strong>maker <\/strong>Angel Yeast<\/a><\/strong>.<\/strong> The loan will help the Shanghai-listed conglomerate to up local production of yeast products for export, helping Egypt \u201cattract much-needed foreign direct investment (FDI) to the agribusiness sector,\u201d the multilateral lender said in a statement<\/a>.<\/p>\n

How the funding will be used: <\/strong>The money will help Angel Yeast Egypt build a new storage facility and incorporate more raw materials from local private-sector suppliers, the EBRD said. The partnership will also see the company process some 81k tons of waste sugar beet and cane molasses to turn them into yeast products and organic fertilizers. The EBRD loan will also go towards improving quality and operating standards, and hiring and training recent graduates in Beni Suef.<\/p>\n

Background: <\/strong>The EBRD loaned Angel Yeast Egypt USD 52 mn<\/a> in 2018 to build its Beni Suef yeast extract factory, which came online the following year<\/a>. Angel Yeast Egypt is fully owned by its parent company, which is the world\u2019s third-largest producer of dry yeast and second-largest producer of yeast extract, according to the EBRD.<\/p>\n

ELSEWEDY OKAYS AFREXIMBANK LOAN- <\/strong>Elsewedy Electric\u2019s board has approved taking out a USD 200 mn revolving loan from Afreximbank, it said in an EGX disclosure (pdf)<\/a>. The company didn\u2019t elaborate on how the loan will be used.<\/p>\n","protected":false},"excerpt":{"rendered":"

The European Bank for Reconstruction and Development (EBRD) is lending USD 40 mn to the Egyptian branch of China-based yeast maker Angel Yeast. The loan will help the Shanghai-listed conglomerate to up local production of yeast products for export, helping Egypt \u201cattract much-needed foreign direct investment (FDI) to the agribusiness sector,\u201d the multilateral lender said […]<\/p>\n","protected":false},"author":1,"featured_media":578189,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7576],"tags":[421,97,88,101,571,152,72,564],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-578188","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development-finance","tag-afreximbank","tag-agriculture","tag-debt-watch","tag-development-finance","tag-ebrd","tag-elsewedy-electric","tag-enterpriseam","tag-food","wpautop","entry"],"acf":{"mongo_id":"f7f0a787-0a96-495e-b034-5cff88492690","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/12\/386.jpg","photo_position":"above","related_issue":[578181],"teaser":"","voice_url":""},"yoast_head":"\nEBRD lends USD 40 mn to Angel Yeast to up local production - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/19\/ebrd-lends-usd-40-mn-to-angel-yeast-to-up-local-production\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EBRD lends USD 40 mn to Angel Yeast to up local production\" \/>\n<meta property=\"og:description\" content=\"The European Bank for Reconstruction and Development (EBRD) is lending USD 40 mn to the Egyptian branch of China-based yeast maker Angel Yeast. 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The company, a global yeast manufacturer, is the Egyptian subsidiary of China\u2019s Angel Yeast Co. \u201cThe loan will enable Angel Yeast Egypt to increase production of dry yeast, which is mainly exported, and to\u2026","rel":"","context":"In "Manufacturing"","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594287,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/24\/angel-yeast-inaugurates-the-first-yeast-extract-factory-in-beni-suef\/","url_meta":{"origin":578188,"position":1},"title":"Angel Yeast inaugurates the first yeast extract factory in Beni Suef","author":"enterpriseam admin","date":"24 October 2019","format":false,"excerpt":"China\u2019s Angel Yeast has inaugurated its yeast extract factory in Beni Suef, according to Food Navigator. The plant is expected to produce 12k tonnes of yeast per year. The European Bank for Reconstruction and Development (EBRD) had extended a USD 52 mn loan to the global yeast manufacturer to build\u2026","rel":"","context":"In "Manufacturing"","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":649128,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/23\/chinas-angel-yeast-company-to-establish-usd-40-mn-yeast-factory-in-beni-suef\/","url_meta":{"origin":578188,"position":2},"title":"China\u2019s Angel Yeast Company to establish USD 40 mn yeast factory in Beni Suef","author":"enterpriseam admin","date":"23 April 2017","format":false,"excerpt":"China\u2019s Angel Yeast Company is planning to establish a USD 40 mn yeast factor in Beni Suef, Al Borsa reports. The company had set up another factory in Egypt with an investment value of USD 80 mn in 2013, according to head of sales Ahmed Azazy.","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":650104,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/angel-yeast-company-to-invest-usd-48-mn-in-yeast-extraction-plant-in-egypt\/","url_meta":{"origin":578188,"position":3},"title":"Angel Yeast company to invest USD 48 mn in yeast extraction plant in Egypt","author":"enterpriseam admin","date":"16 March 2017","format":false,"excerpt":"Chinese yeast manufacturer Angel Yeast Company plans to invest USD 48 mn in a yeast extraction plant in Egypt, according to Reuters which cites regulatory filings(Chinese) by the company.","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":628733,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/13\/chinas-angel-yeast-to-invest-usd-55-mn-in-new-factory-in-beni-suef\/","url_meta":{"origin":578188,"position":4},"title":"China\u2019s Angel Yeast to invest USD 55 mn in new factory in Beni Suef","author":"enterpriseam admin","date":"13 May 2018","format":false,"excerpt":"INVESTMENT WATCH- China\u2019s Angel Yeast is planning to invest USD 55 mn in a new food additives plant in Beni Suef, according to a statement by the General Authority for Freezones and Investors (GAFI). The company aims to increase its production of dry yeast to 35,000 tonnes from the current\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":580307,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/19\/this-evening-chimera-is-acquiring-45-of-gb-lease-twitter-users-really-dont-want-musk-to-stick-around\/","url_meta":{"origin":578188,"position":5},"title":"THIS EVENING: Chimera is acquiring 45% of GB Lease + Twitter users really don\u2019t want Musk to stick around","author":"enterpriseam admin","date":"19 December 2022","format":false,"excerpt":"Good afternoon, friends. It appears we\u2019re still some ways away from that end-of-year news slowdown, even though the number of OOO auto-responders we\u2019re getting in our inbox keeps rising by the day.*** Would the real Enterprise Fantasy World Cup winner please stand up? We\u2019re ready to announce the top finisher\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/742.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/578188","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=578188"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/578188\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/578181"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/578189"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=578188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=578188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=578188"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=578188"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=578188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}