2020-03-26
Added · Updated
The Central Bank of Egypt adds agricultural companies, including those in production, processing, export stations, cold storage, and livestock, with annual turnover between 50 million and 1 billion Egyptian pounds to the private industrial sector initiative, granting them access to financing at an 8% annual interest rate. The circular also confirms the continued validity of the July 12, 2017 initiative for small agricultural enterprises with annual turnover between 250,000 and under 50 million Egyptian pounds, which receive financing at a 5% annual interest rate. These measures are effective as of the date of the circular.