{"id":614264,"date":"2024-01-30T00:00:00","date_gmt":"2024-01-30T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/30\/more-funds-to-help-us-expand-our-silo-capacity\/"},"modified":"2024-01-30T00:00:00","modified_gmt":"2024-01-30T00:00:00","slug":"more-funds-to-help-us-expand-our-silo-capacity","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/30\/more-funds-to-help-us-expand-our-silo-capacity\/","title":{"rendered":"More funds to help us expand our silo capacity"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>More silo funding coming our way. <\/strong>MPs yesterday gave their final approval on a EUR 56 mn grant from the French Development Agency to help us expand the storage capacity of our wheat silos. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Lots of love for our silos: <\/strong>Earlier this month, the Egyptian Holding Company for Silos and Storage secured a USD 110 mn loan from the World Bank, the entirety of which will go towards purchasing equipment and machinery for the country\u2019s field silos. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** We look at the government\u2019s plans to increase silo capacity<\/strong> in a bid to reduce wheat waste in a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/befcc83c-0144-4a26-978d-c7adea0ea723\" style=\"\" rel=\"noopener\">Going Green<\/a> published earlier this month.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Speaking of wheat: <\/strong>The government will work to boost wheat cultivation for the coming harvest season 10-12% y-o-y by hiking the prices it will pay local wheat farmers to EGP 1.6k per ardeb in a bid to increase production and reduce reliance on imported wheat, according to a report from the USDA Foreign Agricultural Service picked up by <a target=\"_blank\" href=\"https:\/\/www.alborsaanews.com\/2024\/01\/29\/1760855\" style=\"\" rel=\"noopener\">Al Borsa<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO APPROVED BY THE HOUSE- <\/strong>MPs greenlit a raft of decisions and agreementsyesterday:<\/p>\n<ul>\n<li><strong>A draft law<\/strong> that aims to better manage the fund set up to support disabled people. <\/li>\n<li><strong>A new medal: <\/strong>Amendments introducing \u201cThe Great Builder Medal\u201d to the list of awards and decorations that the state can award individuals. The new medal will honor those who play significant roles carrying out national development projects. <\/li>\n<li><strong>Egypt\u2019s subscription to the African Development Fund.<\/strong><\/li>\n<li><strong>Goodbye <\/strong><strong>LIBOR: <\/strong>A decision to swap to the secured Overnight Financing Rate (SOFR) instead of the London Interbank Offered Rate (LIBOR), when inking agreements with the AIIB. <\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The House is breaking for a week <\/strong>and will reconvene on Sunday, 11 February. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Egypt has been working to boost its silo capacity<\/p>\n","protected":false},"author":1,"featured_media":614265,"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":[7344],"tags":[317,72,2588,274,187,563],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-614264","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislation-watch","tag-commodities","tag-enterpriseam","tag-french-development-agency","tag-house-of-representatives","tag-legislation-watch","tag-wheat","wpautop","entry"],"acf":{"mongo_id":"7e898bc6-7f2c-405b-9ced-30629d53c1cc","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/1\/2528.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt will be getting EUR 56 mn from the AFD loan to expand its silo capacity","related_issue":[614257],"teaser":"Egypt has been working to boost its silo capacity","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.1c408e77-8b52-4a8d-bd17-0f7e045d087c.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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The facility will have capacity to hold 100k tons of wheat \u2014 enough to cover more than 15% of Egypt\u2019s current estimated\u2026","rel":"","context":"In &quot;Commodities&quot;","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/157.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":568605,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/28\/egypt-to-increase-grain-silo-storage-capacity-by-330k-tonnes-this-year\/","url_meta":{"origin":614264,"position":1},"title":"Egypt to increase grain silo storage capacity by 330k tonnes this year","author":"enterpriseam admin","date":"28 January 2020","format":false,"excerpt":"Egypt is preparing to add 330k tonnes of storage capacity to its grain silos after increasing it by 5.9% last year, according to a cabinet statement. The government increased silo capacity to 3.6 mn tonnes by the end of 2019, up from 3.4 mn tonnes in 2018, the statement said.\u2026","rel":"","context":"In &quot;Manufacturing&quot;","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":587172,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/23\/eu-afd-to-disburse-new-funds-for-egypt-grain-silos-plus-new-xylem-water-pump-factory\/","url_meta":{"origin":614264,"position":2},"title":"EU + AFD to disburse new funds for Egypt grain silos. PLUS: New Xylem water pump factory","author":"enterpriseam admin","date":"23 May 2023","format":false,"excerpt":"The EUR 60 mn disbursal is part of a EUR 100 mn package announced last year","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1255.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":619465,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/02\/elsewedy-electric-to-work-with-foreign-firms-to-localize-grain-silo-production\/","url_meta":{"origin":614264,"position":3},"title":"Elsewedy Electric to work with foreign firms to localize grain silo production","author":"enterpriseam admin","date":"2 May 2024","format":false,"excerpt":"The three sides will localize silo manufacturing, enhance food security, and help the sustainable development of the country\u2019s agricultural sector","rel":"","context":"In &quot;Manufacturing&quot;","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1903.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":653670,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/21\/polands-feerum-allegedly-pulls-out-of-grain-silo-factory\/","url_meta":{"origin":614264,"position":4},"title":"Poland\u2019s Feerum allegedly pulls out of grain silo factory","author":"enterpriseam admin","date":"21 October 2024","format":false,"excerpt":"It looks like Port Said\u2019s EGP 1.6 bn grain silo factory has lost its foreign partner: The Egyptian arm of Polish grain silo company Feerum has reportedly pulled out of an agreement to set up a factory to manufacture grain silos with with Egyptian construction and engineering firm Samcrete and\u2026","rel":"","context":"In &quot;Manufacturing&quot;","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1701.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":548810,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/23\/were-getting-more-wheat-storage-three-new-commercial-zones\/","url_meta":{"origin":614264,"position":5},"title":"We\u2019re getting more wheat storage + three new commercial zones","author":"enterpriseam admin","date":"23 August 2022","format":false,"excerpt":"We\u2019re adding 500k tons to our silo capacity: The Supply Ministry is building wheat silos in Toshka with the capacity to hold 500k tons of grain, Supply Minister Ali El Moselhy told reporters yesterday, according to Al Borsa.The first phase of the project will add 300k tons of capacity at\u2026","rel":"","context":"In &quot;Commodities&quot;","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/357.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\/614264","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=614264"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/614264\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/614257"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/614265"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=614264"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=614264"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=614264"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=614264"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=614264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}