Latest in Tag: small and medium sized enterprises Highlight
Latest in Tag: small and medium sized enterprises

Amer’s decisions will have positive effect on long term
Investors see that the liberalisation of the exchange rate of the Egyptian pound is too late and very necessary to improve and develop the economy and to boost new investments in the market. They believe that the CBE’s initiative to support small and medium-sized enterprises (SMEs) with EGP 200bn is a very good step to …

Bank Audi Egypt aims to increase SMEs portfolio to EGP 6bn in 4 years: deputy chairperson
Current portfolio stands at EGP 1bn, supported by strong specialised SMEs financing schemes, says Fayed

Banque Misr finances 419,000 clients working in micro-enterprises, SMEs
The bank granted 30,400 loans under Mashrouak (Your Project) initiative worth EGP 983m throughout a year and a half

NBE provides EGP 27bn to 51,000 small, medium, micro-enterprises by end of October: chairperson
NBE provided EGP 5.2bn to more than 7,000 projects in 9 months as part of CBE initiative

SMEs continue to drive regional growth, comprising 90% of registered companies: BLOOVO Middle East
In the MENA region, SME employment is expected to reach 20 million workers by 2020, with an annual growth of 2.5%

SMEs may be the key for a better Egyptian economy, but does the government care?
Small- and medium-sized enterprises (SME) may be the best solution for Egypt’s poor economic state. SMEs have the ability to provide a large number of jobs to subdue unemployment and produce important products. In May, the executive manager of the Egyptian Banking Institute (EBI) Mona El-Baradei said that the number of SMEs in Egypt constitutes …

Pro-SME strategy is an aeroplane without wings
Despite increasing focus by the government and the Central Bank of Egypt on promoting small- and medium-sized businesses, they are not the sole solution and might not be able to accomplish the many promises made

Lack of financing hinders SMEs in Egypt
The lack of a unified body responsible for this sector is the main problem, says El-Saeed

Will CBE’s initiative solve funding concerns for IT companies?
Egyptian banks, however, are seeking to make their loans more competitive with other funding sources to increase their funding share

NBE finances 45,000 SMEs with EGP 19bn
The bank participated in the CBE initiative for financing small and micro businesses with a yield of 5% and payment terms up to seven years

Bureaucracy challenges entrepreneurs: Managing Director of Endeavor Egypt
Swedish embassy hosts entrepreneurship forum Sunday

QNB Al Ahli, EBRD set $100m for SMEs in Egypt
EBRD provides QNB Al-Ahli with $40m for trade facilitation

Banks need to meet SMEs needs: CBE Deputy Governor
Financial innovation by introducing new financial instruments that meet consumers ‘and investors’ needs enhances Egypt’s economic competitiveness, Mona El-Baradei
National Bank to expand SME portfolio
The bank to allocate EGP 4bn to fund SMEs the current fiscal year

Silence outside US embassy drives stock market up by 2.8 percent
Following a wave of selling by Egyptian traders, Egypt’s stock market finished yesterday’s session in the green