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Micro Small and Medium Enterprises

Egypt’s micro-financing portfolio reaches LE 47B, climbing 7x in 5 years: CBE

Around LE 27.8 billion of the total funding was provided directly and indirectly by banks, Sub Governor of CBE May Abulnaga highlighted

MSMEs to see boost in credit facilitations with new CBE decision

CBE said that the MSME sector will receive around LE 117 billion by the end of 2022, benefiting more than 120 MSMEs

MSME development agency pumped LE 2.4B into local projects in last 6 years

Projects implemented by the agency included providing drinking water and developing sanitation networks

New incentives in MSME law to encourage informal MSMEs to join economy: FinMin

He also added that informal economy projects with temporary licenses will have no tax accounting