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Signatory of Agreement for Finance and Sharing Risk

2019-07-18 18:31:07.000 | view 215 | share : |

 

Khartoum July18 (SUNA)-The Ministry of agriculture and Forests signed a five-year agreement on Thursday, starting from 2019 up to 2025, with Al Daman for Microfinance Agency which is based on microfinance and risk sharing.

The Caretaker Undersecretary of Ministry of Agriculture and Forests Eng. Babikir Osman signed for the ministry, while the General Manage,r Egbal Jaafar Hussein, signed for the agency.

 Osman said at signatory ceremony that the agreement targets the financing of youth projects in the agriculture fiel,d saying funding represents a key factor for success of the agricultural activities.  

 He pointed out that the cooperation between his ministry and the agency is aimed to empower the youths operated their incubators by using modern technology.

 Egbal affirmed the keenness to empower youths through availing funding mechanism and sharing risks and to maintain a big benefit for the youths.

The Coordinator of Youth Empowerment Program at the agency Salih Khairallah, said the agreement is estimated to cost 18 million as a grant from African Development Bank.  

AA/MO