These projects focus on climate finance, sustainable tourism, and expanding access to financing for small and medium-sized enterprises (SMEs).
The newly approved legislation specifically targets businesses with annual revenues not exceeding EGP 15 million, he said during the weekly PM news conference.
The committee, established under the directive of PM Mostafa Madbouly, aims to enhance the capabilities of local startups and create a favorable environment for sustainable economic growth driven by competitiveness and innovation, contributing to the creation of decent job opportunities.
El-Kilani shared that the tax facilitation package aims to establish a comprehensive tax system for businesses with annual revenues not exceeding EGP 15 million
The CBE governor also noted that it is in line with the central bank’s own efforts to enhance the accessibility to financing opportunities for female entrepreneur
