The Agricultural Bank of Egypt (ABE) inaugurated its latest business development center in Benha, Qalyubeya Governorate last week as part of the NilePreneurs initiative launched by the Central Bank of Egypt to support the entrepreneurship.
Alaa Farouk, President of the EBA, stressed that this is part of the Bank’s desire to diversify its banking and financing services in all governorates, to support emerging, small and medium enterprises, and to encourage entrepreneurs to launch their projects, especially in the fields of manufacturing, agriculture and digital transformation.
In a related context, Farouk said the bank was working alongside all state institutions to achieve the basic goals and principles of the President’s initiative, Decent Life, especially with regard to supporting the efforts of the state to address social, economic and environmental challenges. level, in application of the directives of President Abdel Fattah Al-Sisi.
Farouk said that what the Agricultural Bank of Egypt does to achieve the objectives of the Initiative is a constitution and a main objective in the strategy of the bank, because we mainly focus on providing an integrated set of funding opportunities to motivate and encourage rural residents to work. and produce, through the launch of micro-projects, the establishment of small production activities, with the aim of providing real employment opportunities to empower women and young people and provide a good source of income for all family members and allow them a decent life, which contributes to improving the quality of life, and achieves a change of development and civilization in all the villages of the Egyptian countryside.
Abdel Hamid El-Hagan, Governor of Qalyubeya, had received Alaa Farouk to discuss ways to strengthen joint cooperation between the governorate and the bank to achieve agricultural development and support the state’s efforts to maximize profits from the agricultural sector and its contribution to national development. economy. They also reviewed the bank’s efforts to support and build the productive capacities of smallholder farmers and herders to increase agricultural and livestock production.