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Catalyst Private Equity closes its 2nd SPV Mozar’ II with 35% IRR

Catalyst Partners’ Private Equity arm “Catalyst Private Equity” announced the successful closing of its 2nd special purpose vehicle (SPV), Mozar’ II, with an internal rate of return (IRR) of 35%, following  the success of its first agricultural investment vehicle, Mozar’, with an IRR of 32%. Catalyst Private Equity launched its innovative series of mezzanine-structured financing …

Daily News Egypt

81.5% of total water resources in Egypt consumed in agriculture: CAPMAS

The agriculture sector remains the largest consumer of water in Egypt, as it acquired 62.15 billion cubic metres in 2015/2016. The sector accounts for 81.5% of the total use, according to the Central Agency for Public Mobilization and Statistics (CAPMAS). In the second ranking comes the drinking and health usage sector, which consumed 10.4 billion …

Hossam Mounir

3.9 % decrease of irrigation water used in agriculture in 2015

The amount of irrigation water used for agriculture reached 36.75bn cubic metres in 2015, compared to 38.26bn cubic metres in 2014, a decrease of 3.9%. The Central Agency for Public Mobilization and Statistics (CAPMAS) issued its annual bulletin on Irrigation and Water Resource statistics in 2015 on Tuesday, showing a decreased amount of irrigation water …

Hossam Mounir

CIT cooperates with Egyptian Countryside Company to maximise role of IT in agriculture

The Chamber of Information Technology and Communication (CIT) plans to hold a meeting with the Egyptian Countryside Development Company to discuss a joint cooperation with companies specialised in communication and information technology. This cooperation aims to develop the agricultural system and land reclamation projects, in line with the government’s objective that seeks promoting modern technological tools. According …

Daily News Egypt

IFAD grants Egypt $70m for agriculture projects

Minister of International Cooperation Sahar Nasr met a mission group from the International Fund for Agricultural Development (IFAD) headed by Michel Markaz on Wednesday to discuss current and future projects in Egypt. The IFAD mission confirmed that technical assistance will be provided to Egypt in the field of rural finance to overcome obstacles in this sector. …

Shaimaa Al-Aees

The social paradox of Al-Sisi’s 1.5m acres

Both projects have been inflected by a nationalist rhetoric, a rhetorical haunting of that which was once employed by president Gamal Abdel Nasser during the 1950s and 1960s, despite the incomparable historical and socio-political contexts of the two statesmen and governments.

Kareem Megahed