Under the new provisions, establishments with a business turnover below EGP 250,000 will be subject to an annual tax of EGP 1,000
These agreements came as follows: the first funding, worth EGP 100 million, to finance the micro project in all governorates. The second funding, worth EGP 60 million, was allocated to women in all governorates within the framework of the project to support women in microfinance.
The loan will be utilized by the NBE to support micro, small, and medium enterprises (MSMEs), according to an official statement by the EBRD
Rahmy added that financing up to EGP 220 thousand per project according to its financing need,
Assisting a total of 302,000 projects in the past 18 months with financial and non-financial services worth EGP 8.9 billion, said MSMEDA CEO Basil Rahmi
