Latest in Tag: SMEDA Highlight
Latest in Tag: SMEDA

2,814 projects benefited from AFESD’s $50m loan
Projects obtained EGP 578m funding, created 12,700 jobs from loan

SMEDA confirms its readiness to cooperate with all banks wishing to fund youth projects: CEO
Since 1992, SMEDA funded 2.9m micro, small projects worth EGP 37.8bn, created 4.6m jobs, says Gamea

SMEDA pumped EGP 3.1bn to finance development projects in Assiut: Gamea
MoU signed between SMEDA, Assiut University to qualify graduates to establish, manage small projects

SMEDA, ABE sign EGP 50m worth contract to support agricultural, livestock projects
Contracts signed between SMEDA, ABE since 1992 reached EGP 2.8bn

SMEDA, youth ministry, launch youth competition to promote innovative SMEs
Authority to finance winning projects via schemes for each project, provide technical, marketing services, says Gamea

SMEDA renegotiates Ministry of Finance on tax incentives in MSMEs law
We are in contact with new finance minister, look forward for discussion in new parliamentary session: Gamea

SMEDA signs agreements with United Bank, ABE worth EGP 170m to finance small ventures after Eid
We aim to inject EGP 3bn to finance small and micro enterprises, says Gamea

SMEDA, e-finance cooperate to develop small projects platform
Beta version well-received by concerned bodies, including CBE, says Gamea

SMEDA, EBRD organise networking forum for business women
Businesswomen Support Programme provided funding of about EGP 40m for 35 women through SMEDA’s offices, says Gamea

IDB signs protocol with SMEDA to provide microfinance services
Bank aims to access 100,000 clients to provide jobs, curb unemployment

SMEDA signs financing contracts of micro-projects with 9 NGOs
SMEDA will provide EGP 15m to finance 1,500 projects

New Administrative Capital Company, SMEDA sign MoU in field of small projects to establish permanent branch, exhibition of SMEDA in new capital
Niven Gamea, CEO of the Micro, Small, and Medium Enterprises Development Agency (SMEDA), and Yasser Al Baroudi, head of the Administrative Services Sector in the New Administrative Capital Company, signed a memorandum of understanding (MoU) to establish a branch of the SMEDA in the New Administrative Capital to provide all the financial and non-financial services …

SMEDA funds selling points vehicles project with EGP 160m
Project provides 2,000 opportunity for youth in cooperation with Ministry of Supply, National Bank of Egypt

MIDB, SMEDA sign cooperation protocol to funds MSMEs
Protocol extends over 1 year, financing between EGP 500,000, EGP 10m

SMEDA signs 5 contracts for youth employment in Assiut
Authority aims to finance small projects to limit irregular migration, support Egypt’s sustainable development strategy, says Gamea

SMEDA, EBRD graduate group of businesswomen from e-marketing strategies training programme
Supporting women’s economic, social empowerment is important axis of SMEDA’s development strategy, says Gamea

Financing labour-intensive, medium enterprises top priorities: SMEDA CEO
SMEDA injected EGP 4.1bn to finance micro, small enterprises from its establishment in April 2017 to end-January 2018, says Gamea

KfW to provide new loans for SMEDA
SANAD Fund offered $400 m in North Africa, Middle East: Hinz

SMEDA, Tahya Misr Fund finance 468 pickup trucks, 1,000 taxis for youth
Supply Ministry uses refrigerated cars to cover citizens’ needs for ration goods in various governorates

SMEDA, NBE sign EGP 400m deal to finance small projects
The deal will benefit 2,288 small projects, offer 6,864 jobs

SMEDA pumped EGP 323.4m into development projects in Suez
Agency injected EGP 276.5m to finance 11,273 micro, small projects, creating 27,700 jobs

SMEDA financed SMEs with EGP 16.7bn during Al-Sisi’s first term
Projects funded since president assumed office account for 50% of total funding since 1992, Gamea says

SMEDA financed 48,000 projects in Alexandria worth EGP 1.2bn
Authority offered grants of EGP 131.7m to implement labour-intensive infrastructure projects

SMEDA cooperates with EBRD to launch programme supporting businesswomen
Programme provided 357 women with training on entrepreneurship, says Gamea

SMEDA directs EGP 20m to finance contractors: Gamea
Agency injected EGP 5.3bn into projects during 2017

SMEDA financed 14,000 MSME projects in Fayoum Governorate in 2017
Authority’s current strategy based on expanding, diversifying areas of finance to serve all sectors of MSMEs, says Gamea

SMEDA’s microfinance balance reaches EGP 7.12bn
The microfinance balance at the Small and Medium Enterprise Development Authority (SMEDA), formerly the Social Fund for Development, is estimated to have reached EGP 7.12bn at the end of 2017 compared to EGP 4.48bn at the end of 2016, according to Nevine Badr El-Din, head of the central sector of microfinance at SMEDA. Badr El-Din …

SMEDA signs contracts worth EGP 23.8m with NGOs to finance microprojects in 8 governoratesÂ
Funding allows implementation of nearly 2,380 projects, 25% directed to women-owned enterprises, says Gamea

SMEDA signs cooperation agreements with 14 NGOs in microfinance field
We seek to encourage establishment of microenterprises, with aim of improving living conditions, providing more job opportunities, says Gamea

SMEDA signed contract with Banque du Caire worth EGP 500m to fund microenterprises
25% of contract dedicated to women, 60% to workers below poverty line, 70% to rural areas