Browsing: Agriculture investments in Africa

Italy funds agri-business development in Egypt and Iran

The Italian Development Cooperation contributed more than €4.55 million to two United Nations Industrial Development Organization (UNIDO) projects in Egypt and Iraq.

A signing ceremony to launch the projects took place at the UNIDO headquarters.

The Egypt project was developed after an in-depth analysis of the Egyptian tomato value chain. Egypt is the world’s fifth-largest producer of tomatoes producing about eight million tonnes of fresh tomatoes per year. Suitable climate, dual seasonality and fertile lands attributed to the success of the crop. However, only three to four per cent of the tomato crop is processed, with the processing sector affected by lack of integration with the supply chain.

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The project will boost the linkages between supply and processing factories, improve the technical skills of workers and managers in the factories, improve the quality of production and processing of tomatoes and expand …