|05 December, 2019

NBK Egypt agrees with ILO to build biogas, fertilisers units

The project agreement came against the backdrop of the public-private partnership

National bank of Kuwait logo, NBK logo, National bank of Kuwait (NBK) logo. Image used for illustrative purpose

National bank of Kuwait logo, NBK logo, National bank of Kuwait (NBK) logo. Image used for illustrative purpose

National bank of Kuwait

Cairo –  National Bank of Kuwait – Egypt (NBKE) inked a cooperation deal with the International Labor Organization (ILO) and Bioenergy for Sustainable Rural Development to establish 60 new biogas and organic fertilisers units in the governorate of Minya.

The partnership came as part of the NBK’s last year initiative, in line with its social responsibility as well as its major role in developing rural societies and promoting green environment friendly jobs.

The project agreement came against the backdrop of the public-private partnership (PPP), the bank said.

NBK aims to boost Cairo’s plans for further partnerships with the international community organisations, within the broader Egypt Vision 2030.

The cooperation was welcomed by environment minister Yasmine Fouad for being a business framework that involved international entities, banks, private sector firms, and the civil society.

“Our strategy underlines NBK’s social and national responsibility, as it strives to continuously play a key role in achieving sustainable social and economic development,” the lender’s vice chairman Yasser El Tayeb said, during the signing ceremony.

Source: Mubasher

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