الرئيس التنفيذي
أشرف الحادي

رئيس التحرير
فاطمة مهران

ALEXBANK signed MoU with Cassa Depositi e Prestiti to Support Egypt’s rural development & agri-sector

 ALEXBANK, a bank of the Intesa Sanpaolo Group, has signed a five-year Memorandum of Understanding (MoU) with Cassa Depositi e Prestiti S.p.A. (CDP), the Italian National Promotion Institution, to facilitate access to microcredit for Egyptian SMEs in the agricultural sector. The agreement supports Egypt’s Vision 2030 strategy, being also in line with the Intesa Sanpaolo Group’s commitment to pursue sustainable growth in the countries where it operates.

The signing of the MoU was witnessed by H.E. Sherif Farouk – Minister of Supply and Internal Trade of Egypt, H.E. Francesco Lollobrigida – Minister of Agriculture, Food Sovereignty and Forestry of Italy, H.E. Michele Quaroni – the Ambassador of Italy in Egypt, General Ahmed Khaled – Governor of Alexandria, Dr. Alaa Ezz – Secretary General of the Confederation of Egyptian European Business Associations, Ahmed Al-Wakeel – President of the General Federation of Egyptian Chambers of Commerce and President of the Alexandria Chamber of Commerce , Paolo Vivona – CEO and Managing Director of ALEXBANK, Ramy Taha – Deputy CEO Retail, MSMEs & Digital Banking of ALEXBANK and Francesco Masera, Head of Business Promotion, Governance, and CIS Partnerships at CDP.

The MoU establishes a collaborative framework between ALEXBANK and CDP focusing on providing Egyptian farmers and agribusinesses with better access to financial resources and expertise. By leveraging Italy’s agricultural know-how, this partnership seeks to drive sustainable development in Egypt’s agricultural landscape, with the aim to support Egypt’s agriculture, agribusiness, and also other strategic sectors, by exploring financing opportunities, co-financing participation, and guarantee systems.

Paolo Vivona, CEO and Managing Director of ALEXBANK, expressed his pleasure in signing the MoU with CDP. “This partnership is not just an agreement but a commitment to providing innovative and effective financial solutions aimed at improving the conditions of smallholder farmers and boosting productivity in the agricultural sector.” stated Vivona. He added “This agreement aligns with ALEXBANK’s strategy to strengthen ties between Egypt and Italy, particularly in vital sectors, by achieving sustainable development goals through agricultural activity development. By partnering with CDP, we are committed to invest in Egypt’s agricultural sector, which contributes over 11% to GDP and employs more than 25% of the country’s workforce.”

“Through collaboration with ALEXBANK, we aim to provide Egyptian small and medium-sized enterprises in the agri-food sector with concrete tools to encourage access to finance, particularly in the area of microcredit,” stated Paolo Lombardo, Head of International Cooperation and Development Finance at CDP. “The Protocol aligns with CDP’s commitment within initiatives connected to the Italian Government’s ‘Piano Mattei’ plan, creating opportunities in a strategic sector for Egypt, agriculture, while also addressing food security.”

It is worth mentioning that the MOU was signed during the “One-Day Market for Farmers and Food Products” in Alexandria, that was organized by the Alexandria Chamber of Commerce with the aim of supporting local farmers. As part of its contribution to the event and ALEXBANK’s broader Financial Inclusion strategy, ALEXBANK offered heavily discounted pricing on microfinance and livestock/crops financing, provided POS acquiring devices free of commission for a year to encourage non-cash and card-based transactions, and introduced the Ebda2’ saving account with a 14% annual interest rate with no minimum balance requirement or account opening fees.

 

Related Posts

PSG president Nasser Al-Khelaïfi’s kind gesture towards young fan goes viral during Club World Cup semi-final

EC-Council Releases CEH Hall of Fame 2025 Industry Report

Governor of the Central Bank of Egypt Signs Memorandum of Understanding with Chinese Counterpart to Promote Mutual Cooperation

MPC decides to maintain key policy rates

EXPERIENCE FAIRMONT GOLD AT FAIRMONT DOHA, WHERE EXCEPTIONAL LUXURY IS PERSONALLY TAILORED

Governor of the Central Bank of Egypt Hosts Governor of the People’s Bank of China and Witness Signing of Three Memoranda of Understanding for Joint Cooperation

Saudi Arabia to Host 8th Global Health Exhibition in Riyadh, Spotlighting Investment and Innovation

Turkish Airlines is the Best Airline in Europe for the Tenth Time

آخر الأخبار
النقل تناشد المواطنين المشاركة في التوعية بضروة الالتزام بعدم اقتحام المزلقان او السير عكس الاتجاه صعود جماعي لمؤشرات البورصة وزيادة رأسمالها السوقي في أسبوع حريق سنترال رمسيس وزارة الرياضة تؤكد لم يصدر عنها أي قرارات وزارية بتأجيل عقد الجمعيات العمومية للأندية وزارة العمل: استمرار فتح باب التقديم على وظائف "أمن" بمحطات المترو المملكة تؤكد أهمية العمل الحاسم والتعاون الدولي لسد فجوات العصر الذكي حريق كبير في مصنع منظفات وكيماويات بمدينة بدر "المصرية للاتصالات" تعلن تعويضات لعملائها بعد تعطل الخدمات الأرصاد الجوية تكشف تفاصيل طقس غدًا السبت المشاط: نُثمن الدور الفاعل للسفير جاريث بايلي في دفع العلاقات الاقتصادية المصرية البريطانية على مدار... محافظة القاهرة تعلن بدء شركة المقاولون العرب إعادة تأهيل مبنى سنترال رمسيس الدوري الألماني يهنئ أحمد صلاح حسنى بعيد ميلاده: صاحب لمسة فنية خاصة "فيديو" "مصر الخير"و"تكامل لحياة أفضل للتنمية المستدامة" تناقشا دور المشروعات الصغيرة في خدمة أهداف التنمية ... «الملاذ الآمن»: الفضة تقفز بقوة وسط اضطرابات عالمية وآمال خفض الفائدة.. لتسجل أعلى مستوى في 13 عامًا "ديلي الصينية" تضخ 200 مليون دولار لإنشاء أكبر مصنع للأدوات المكتبية في الشرق الأوسط "المقاولون العرب" تبدأ إعادة تأهيل سنترال رمسيس بتوجيهات من رئيس الوزراء مالية عجمان تثري "صيفنا سعادة 2025" ببرامج تفاعلية تعزز المهارات والقيم المجتمعية PSG president Nasser Al-Khelaïfi’s kind gesture towards young fan goes viral during Club World Cup s... ٦٠ مليون و٣٦٥ ألف جنيه حصيلة البيع بجلسة مزاد ١٠ يوليو ٢٠٢٥ لسيارات وبضائع جمارك بورسعيد دمياط مجموعة موانئ أبوظبي تتعاون مع "منتدى المعادن الأساسية" لتعزيز سلسلة التوريد العالمية ودفع عجلة النمو... EC-Council Releases CEH Hall of Fame 2025 Industry Report