The law stipulates creating a registry for those wishing to engage in finance brokerage activities. This aims to protect all parties, whether financing entities or individuals dealing with those entities, after demonstrating the practical application of the provisions of Law No. 141 of 2014.
The committee has decided that Banque Misr would benefit from its financing, and will receive EGP 70m to finance machinery and equipment for factories. This includes transport means for the activity, equipment and medical devices for laboratories and hospitals.
New mechanism considered to allow agency, partnership agreements between micro enterprises, banks
New facility aims to boost MSMEs to lead Egypt’s economic growth
Bank allocates 70% of loans to agricultural SMEs, says Chairperson Alaa Farouk
Cairo received lion’s share of MSME financing at 31.4%, followed by Giza at 15.5%
MSME initiative was launched by the CBE in January 2016. It has achieved a record volume in facilities and loans granted by the end of March 2020.
Authority’s current strategy based on expanding, diversifying areas of finance to serve all sectors of MSMEs, says Gamea
MSME financed 224,000 small, micro projects worth EGP 4.5bn, along with labour-intensive infrastructure, community services projects, says Gamea
Authority provided grants worth EGP 250m for implementation of labour-intensive infrastructure projects, community, human development projects in governorate, says Gamea
MSME has injected EGP 932m to fund 20,000 small enterprises, EGP 433m to fund 77,500 micro enterprises, says Gamea
Gamea, Matrouh governor meet with 250 young investors to facilitate, finance projects
They aim to support at least 20 clients with a minimum of EGP 50,000 and a maximum of EGP 1m
Authority pays particular attention to the financing of industrial projects and provides all kinds of financial, technical, and training support for them
