SFD Grants US$ 25 Mln To Alexandria Business Association

The Social Fund for Development (SFD) has allocated US$ 25 million for Alexandria Business Association to finance small and micro-enterprises, said Ghada Wali, secretary general of SFD.

This finance is part of the US$ 300 million secured by SFD under a protocol of cooperation on labor intensive investment project signed with the World Bank and International Union, she added.

The labor intensive investment project aims at employing Egyptians all over the country through a protocol of cooperation signed with ministries such as the Ministry of Agriculture. SFS is in the sixth rank in Egypt in receiving foreign loans and grants.