EBRD supports Chinese investment in Egypt with loan to Angel Yeast

In:

Agriculture/food chain

Region:

Middle East & Africa

The European Bank for Reconstruction and Development is supporting Egypt's efforts to attract foreign direct investment in the country's agribusiness sector with a $52 million loan to Angel Yeast Egypt, a global manufacturer of yeast and yeast extract which is fully owned by China-based Angel Yeast Co. The loan will enable Angel Yeast Egypt to increase production of dry yeast, which is mainly exported, and to launch a yeast extract, a higher value-added product.

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