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Daily News Egypt
4 days ago
- Business
- Daily News Egypt
ABE hosts Serbian, Angolan delegations to explore agricultural cooperation
The Agricultural Bank of Egypt (ABE) recently received two official delegations from Serbia and Angola in separate visits aimed at exploring opportunities for cooperation in agricultural development and gaining insight into the bank's strategic role in supporting Egypt's farming sector and rural economy. The Serbian delegation was led by Dragan Glamočić, Serbia's Minister of Agriculture, Forestry, and Water Management. The delegation was welcomed by ABE CEO Mohamed Abou El-Saud, alongside Deputy CEOs Sami Abdel Sadek and Ghada Mostafa. During the visit, the Serbian officials were briefed on the achievements of ABE's comprehensive development strategy, which aims to enhance the bank's operations and reinforce its position as one of Egypt's leading specialised institutions for financing agricultural projects, agri-industries, and related services. The strategy supports Egypt's broader national goals of sustainable agricultural development and economic resilience. Minister Glamočić praised ABE's vital contribution to the sector, commending its developmental role in promoting agricultural growth and empowering farmers. For his part, Abou El-Saud expressed appreciation for the visit and outlined the bank's commitment to advancing national priorities in agricultural development and sustainability, in line with the state's strategic vision to optimise the sector's potential. In a separate meeting, ABE leadership also welcomed an Angolan delegation headed by Paulo Conceição, Adviser to the Board of the Agricultural Development Support Fund, accompanied by representatives from Angola's ministries of agriculture, forestry, finance, industry, and trade. The Angolan delegation sought to explore collaboration opportunities and ways to benefit from ABE's expertise in financing smallholder farmers and rural enterprises. Discussions also focused on the bank's initiatives to stimulate private sector participation in agricultural investment and its broader role in promoting rural development and inclusive economic growth. The Angolan officials commended ABE's extensive experience and described the visit as an opportunity to gain practical insights into agricultural financing models and targeted loan programmes designed to serve small farmers. They highlighted ABE's legacy as one of Africa's oldest agricultural financing institutions and expressed hope to replicate similar approaches within Angola's own agricultural framework. Abou El-Saud warmly welcomed the Angolan delegation, highlighting the longstanding relations between Egypt and Angola. He reaffirmed the bank's developmental mission, which aligns with Egypt's national strategy to harness agricultural resources and expand South-South cooperation. He further affirmed ABE's readiness to exchange knowledge and best practices with both Serbian and Angolan counterparts, in line with Egypt's broader commitment to strengthening partnerships with friendly nations and contributing to sustainable development across Africa.
Egypt Today
30-05-2025
- Business
- Egypt Today
Egypt, Uzbekistan discuss agricultural cooperation
Agricultural land CAIRO – 29 May 2025: Minister of Agriculture and Land Reclamation Alaa Farouk discussed with a high-level delegation from the Republic of Uzbekistan under the Director of the Cabinet Secretariat for Investments, Exports, Trade, Agriculture, and Water Management ways to enhance joint cooperation between the two countries in various fields of the agricultural sector. The meeting comes within the framework of presidential directives to strengthen cooperation with Uzbekistan and to follow up on the technical aspects of implementing the outcomes of joint committees. During the meeting, both sides reviewed the agricultural capabilities available in Egypt and Uzbekistan and explored opportunities to develop partnerships in agricultural and livestock production, exchange of expertise and technical knowledge, and enhancement of trade exchange in agricultural products. Farouk emphasized the deep historical ties between Egypt and Uzbekistan across various fields and at all levels. He also highlighted the political leadership's keenness to develop these relations, including in the vital agricultural sector. The Minister of Agriculture expressed his ministry's readiness to provide all forms of support and expertise to ensure the success of joint cooperation in achieving food security and agricultural development in both countries. He also referred to his recent meeting with Mansurbek Kilichev, Uzbekistan's Ambassador to Egypt, during which the importance of strengthening cooperation in various agricultural fields was discussed. The minister explained that in recent years, under the leadership of President Abdel Fattah El Sisi, Egypt has witnessed significant development and a genuine renaissance in all fields, including the agricultural sector, which now receives considerable attention from the political leadership. He noted that Egypt has taken many steps to improve the investment climate and simplify procedures to encourage investors. He added that the agricultural sector in Egypt holds great investment potential and offers many opportunities that can be included in areas of joint cooperation. The Minister of Agriculture directed the External Agricultural Relations Department to organize intensive field visits for the Uzbek delegation to various agricultural projects and entities in Egypt, including research centers, institutes, laboratories, and model farms producing various crops. These visits aim to post the delegation on important experiences that could benefit the exchange and transfer of expertise. For their part, the Uzbek delegation stressed their country's political leadership's commitment to strengthening joint cooperation in various areas, especially agriculture and food security, and to intensifying efforts to enhance agricultural relations between the two countries. They expressed interest in boosting cooperation with Egypt in the agricultural field and benefiting from Egypt's distinguished expertise in the sector. They stressed the importance of exchanging visits and experiences between specialists on both sides to advance the prospects of cooperation. They also discussed ways to increase trade in crops and agricultural products, especially since the trade balance between the two countries reached around $55 million in 2024. (
