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Egypt finances veal project with EGP 4.9bn

Egypt finances veal project with EGP 4.9bn
The funding was used for feeding nearly 331,000 cattle

Cairo – Mubasher: The board of directors of the National Project for Veal Revival has approved a new allocation of EGP 323 million for 2,350 young breeders to buy and feed about 22,000 cattle.

This raises the total value of funding allocated to the veal project to EGP 4.9 billion used by more than 30,000 beneficiaries to feed nearly 331,000 cattle, the Ministry of Agriculture said in a statement on Monday. 

The government allocated EGP 100 million for the project in 2017 and another EGP 400 million at the end of fiscal year (FY) 2018/2019. The total allocated amount increased to EGP 4.1 billion in 2020 and EGP 5.1 billion in 2021.