AfDB considers establishment of integrated agricultural industrial zones in Egypt

The President of the African Development Bank Group (AfDB), Akinwumi Adesina, revealed the AfDB’s desire to establish integrated agro-industrial zones in Egypt, bringing together all the links of the value chain in one place, similar to the bank's successful experience in this regard in a number of African countries.

 

This came during a meeting between the Minister of Trade and Industry, Ahmed Samir, with the President of the African Development Bank Group, on Monday.

 

“The AfDB has an important role in the development of the small and medium enterprises sector in Egypt, and this is through providing financing of $160 million to Banque Misr to support these projects,” said the Minister of Trade and Industry, Ahmed Samir.

 

“We are keen to deepen the pharmaceutical industry and transfer knowledge and modern technology in cooperation with the Bank, and benefit from its ambitious plans to build capabilities and raise the efficiency of distinguished companies in the pharmaceutical industry in Africa,” the minister added.

 

According to the minister, this will be done by providing training for medical personnel and providing the necessary infrastructure to establish a real drug industry in the continent, and that they are studying the possibility of benefiting from the bank’s strong presence within the countries of the brown continent in promoting Egyptian exports in all its export sectors.