OeEB provides a long-term credit line of EUR 7 million to the Egyptian SEKEM Holding for Investment Company S.A.E. ("SEKEM").
SEKEM is known as a pioneer of organic farming in Egypt. The company’s activities include growing, processing and marketing organic food (e.g. vegetables, teas, spices, and herbs), producing textiles made of organic cotton and producing organic medicines.
OeEB’s funds are mainly dedicated to the financing of expansion investments such as the purchase of a new packaging machine for teas and energy efficient machines for storing and cooling herbs and spices.
This helps improve the country’s food supply and promotes the environmentally friendly and resource-efficient agriculture.
Further projects with SEKEM:
Advisory Programmes funds for the test and dissemination of an agro-photovoltaic System