The Agricultural Bank of Egypt (ABE) will offer soft loans with a 5% diminishing interest rate to small milk producers, as part of the country’s efforts to increase and support milk collection centres nationwide, according to ABE Vice Chairperson Samy Abdel Sadik. Mohamed Ahmed Morsy, Minister of State for Military Production, held a meeting, on Tuesday, with the Minister of Agriculture and Land Reclamation, to follow up on the progress of the milk collection centres project. For his part, Minister of Agriculture and Land Reclamation, Elsayed Elkosayer, confirmed that 205 milk collection centres are currently being prepared, whether being established or developed according to international standards. Mohamed Bakr, the Ministry of State for Military Production spokesperson, said the ministry’s affiliated entities are working to meet the needs of milk collection centres of devices and equipment. He noted that the new project to establish and develop milk collection centres will have a positive impact on the whole sector.

Source: Daily News Egypt August 04, 2021 11:02 UTC