FRA highlights that in Q4 of 2023, there was a notable increase in various sectors, with leasing contracts, factoring, consumer finance, MSMEs, and mortgage financing experiencing significant growth.
The federation also recognized key contributors to MSME success, including the Financial Regulatory Authority and the Egyptian Credit Bureau
CEO of the Information Technology Industry Development Agency (ITIDA), Eng. Ahmed Elzaher, participated in the ninth edition of Techne Summit 2023, highlighting the agency’s commitment and initiatives dedicated to supporting Egypt’s young startups
The index will give MSMEs access to standardized information about loans being offered by various financial institutions.
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.
