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NIRSAL partners NASENI to create 110,000 jobs in agric sector


TODAY
March 12, 2021
The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL Plc) has entered into partnership with the National Agency for Science and Engineering Infrastructure (NASENI) with a view to creating over 110,000 jobs in the nation’s agricultural value chain.
NIRSAL said in a statement in Abuja Friday that the move is in “continuation of its mandate of providing end-to-end solutions aimed at fixing breakages along the Agricultural Value Chains (AVC) in Nigeria”.
According to the statement, NIRSAL has engaged NASENI as its technical collaborative partner for the conceptualization, design, development, deployment, implementation and execution of various schemes/projects under the NIRSAL-NASENI Comprehensive Tractor Recovery Scheme, the NIRSAL Climate-Smart Modular Geo-Cooperative-Based Irrigation System for Smallholder Farmers and other Agricultural Value Chain-related challenges requiring efficient homegrown scientific an ....

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Egypt Allocates $128 Million to Support Tourism


Egypt Allocates $128 Million to Support Tourism
Published February 21st, 2021 - 07:35 GMT
The move is part of the monitoring of the initiative’s performance and the Central Bank’s desire to continue supporting the tourism sector in light of the coronavirus crisis and its continuing impact. (Shutterstock)
Highlights
Authorities seek to boost sector in light of coronavirus crisis
The Central Bank of Egypt has issued 2 billion Egyptian pounds ($128 million) in tranches to support the tourism sector.
 
According to a statement by the bank, the first tranche will start with an amount of 1 billion Egyptian pounds for the Credit Risk Guarantee Company. This is to ensure the balances of the guarantees issued by the company for banks, to cover part of the associated risks and to finance tourism companies. ....

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Central Bank of Egypt gives $128 million to support tourism


CAIRO: The Central Bank of Egypt has issued 2 billion Egyptian pounds ($128 million) in tranches to support the tourism sector.
According to a statement by the bank, the first tranche will start with an amount of 1 billion Egyptian pounds for the Credit Risk Guarantee Company. This is to ensure the balances of the guarantees issued by the company for banks, to cover part of the associated risks and to finance tourism companies.
The statement said that the move comes within the initiative to replace and renew land hotels, floating hotels and tourist transport companies. It does not include the 3 billion Egyptian pounds that was allocated from the Ministry of Finance’s initiative. ....

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