{"id":587172,"date":"2023-05-23T00:00:00","date_gmt":"2023-05-23T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/23\/eu-afd-to-disburse-new-funds-for-egypt-grain-silos-plus-new-xylem-water-pump-factory\/"},"modified":"2023-05-23T00:00:00","modified_gmt":"2023-05-23T00:00:00","slug":"eu-afd-to-disburse-new-funds-for-egypt-grain-silos-plus-new-xylem-water-pump-factory","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/23\/eu-afd-to-disburse-new-funds-for-egypt-grain-silos-plus-new-xylem-water-pump-factory\/","title":{"rendered":"EU + AFD to disburse new funds for Egypt grain silos. PLUS: New Xylem water pump factory"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">DEVELOPMENT FINANCE-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">More EU funding to improve food security: <\/span><span style=\"\">Egypt is getting an EUR 60 mn facility from the <\/span><span>EU and the French Development Agency to help the Madbouly government expand its silo capacity<\/span><span>, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.nasdaq.com\/articles\/eu-french-agency-to-provide-60-mln-euro-for-egypt-grain-silo-expansion\" style=\"\">Reuters<\/a><\/span><span style=\"font-weight:400;\">reported, citing an email from the European Commission delegation in Cairo. The funding will help the state add at least 420k tons of wheat storage capacity, amounting to a 12% increase on the current 3.5-mn-ton capacity. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">REMEMBER- <\/span><span style=\"\">This is the second tranche of the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/news\/story\" style=\"\">EUR 100 mn in EU funding<\/a><\/span><span style=\"\"> announced <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/news\/story\" style=\"\">last year<\/a><\/span><span>to address Egypt\u2019s food insecurity following the war in Ukraine. The <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d7b8e96b-ec30-4ce0-9344-4f250f112875\" style=\"\">first EUR 40 mn tranche<\/a><\/span><span style=\"font-weight:400;\"> was disbursed last month and went towards upgrading wheat storage capacity and to help the Agriculture Ministry acquire better seeds. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">MANUFACTURING-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Xylem inaugurates EGP 300 mn water pump factory: <\/span><span style=\"\">US-based water solutions company <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.xylem.com\/en-us\/\" style=\"\">Xylem<\/a><\/span><span> and local firm <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"http:\/\/www.tibagroup.me\/\" style=\"\">Tiba Manzalawi Group<\/a><\/span><span> yesterday inaugurated a EGP 300 mn water pump factory, the Trade Ministry <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02Ei6T2eFJJfBm5a8ovGLf2cXyqvQBZubYiU56c9ggr7p9vY8EG6FmNE84uxaMsTCXl\" style=\"\">said<\/a><\/span><span> yesterday. The factory will produce pumps to be used in irrigation, heating, air conditioning, and industry, half of which will go towards exports to Arab and African countries.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The EUR 60 mn disbursal is part of a EUR 100 mn package announced last year<\/p>\n","protected":false},"author":1,"featured_media":587173,"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":[7209],"tags":[111,101,72,7192,565,2588,131,10616,563,1362],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-587172","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-development-finance","tag-enterpriseam","tag-eu","tag-food-security","tag-french-development-agency","tag-manufacturing","tag-tiba-manzalawi-group","tag-wheat","tag-xylem","wpautop","entry"],"acf":{"mongo_id":"966cb88e-6a76-4fab-b636-f1641b6bed72","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/5\/1255.jpg","photo_position":"above","homepage_title":"","full_issue_title":"EU + AFD to disburse new funds for Egypt grain silos. PLUS: New Xylem water pump factory","related_issue":[587148],"teaser":"The EUR 60 mn disbursal is part of a EUR 100 mn package announced last year","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/5\/.40fcb212-5f29-404d-b972-8a754f47685f.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>EU + AFD to disburse new funds for Egypt grain silos. PLUS: New Xylem water pump factory - 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\/2023\/05\/23\/eu-afd-to-disburse-new-funds-for-egypt-grain-silos-plus-new-xylem-water-pump-factory\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EU + AFD to disburse new funds for Egypt grain silos. 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