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SMEs

MoIC and TradeMins discuss MSME development funding

Both ministers discussed future opportunities for MSMEDA and the financial support needed to expand its services during their meeting

MSMEDA launches platform for African women-led SMEs

The expansion into the African market will help project owners to take advantage of the raw materials and natural resources available in these countries

Egypt issued EGP 2.8B to MSMEs in H1 2021: MSMEDA

The development financing, worth EGP 2.8 billion, was distributed to separate groups, with founders aged 30-40 years old receiving 36%

A 1B fund of funds to be set up by 4 of Egypt’s biggest state banks

Egypt’s biggest state banks are teaming up to launch a EGP 1 billion fund of funds to invest in small and medium enterprises, and more

CIB launches new services for small business CIB Growth

Named CIB Growth, CIB’s package includes credit facilities with flexible payment terms, dedicated customer service teams and a secure channel for online salary transfers