AFD, Egypt to sign €20.35mn agricultural SMEs grant next December 6th

Egypt and the French Development Agency (AFD) are to sign a €20.35 million grant for the Support for Agricultural Small and Medium-sized Enterprises (SASME) programme next December 6, said Egyptian minister of international cooperation.

SASME is a joint programme between the European Union and the AFD, aiming specifically at improving access to finance for the agricultural sector and at supporting selected value-chain actors.

Minister Sahar Nasr, who started a four-day visit to France Friday, has met Sunday with Jacques Moineville, AFD’s Deputy Chief Executive Officer, to discuss the new cooperation strategy between Egypt and the agency in the coming phase.

Nasr flied to Paris Friday to take part in the annual meeting of Centre for Mediterranean Integration (CMI) in Marseille.