January 6, 2021

Alexbank inks MoU for Upper Egypt farmers


ArabFinance: Alexbank signed a memorandum of understanding (MoU) with the United Nations World Food Programme (WFP) to support small-scale farmers in Upper Egypt, Hapi Journal cited the bank’s statement on January 5th.

The MoU comes as part of a development strategy that aims to help 500 remote villages in Upper Egypt.

Last year, state-owned National Bank of Egypt and Banque Misr allocated EGP 50 million for local farmers in 40 Upper Egypt villages.

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