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FRA introduces new pricing index for MSMEs financing products

The index will give MSMEs access to standardized information about loans being offered by various financial institutions.

EBRD provides $100M loan to Banque Misr for Egyptian MSMEs

The EBRD stated that this loan will support Banque Misr in expanding its activities beyond the Greater Cairo region and will contribute to increasing the availability of medium-term funding for underserved Egyptian MSMEs.

kfW Development Bank’s “Investing in Employment” facility to create job opportunities in Africa

The IFE’s goal is to improve Egypt’s overall business climate by training workers to qualify for better job opportunities, expand the private sector, and diversify Egypt’s business environment

Trade Ministry to establish 3 new industrial complexes to boost units for MSMEs

The tender is within the trade ministry’s plan to launch 17 new industrial complexes in 15 governorates at a total investment of EGP 10 billion

Egypt’s MSMEDA invested EGP 2B towards micro-projects in H1 2022

The agency has created 152,000 job opportunities, she added, benefiting around 83,000 projects that were mainly ran by either women or youths