Latest in Tag: SMEs Highlight
Latest in Tag: SMEs

Egypt, France to promote joint cooperation in entrepreneurship, infrastructure, SMEs: French ambassador
French companies are more interested to invest in Egypt now than two or three years ago, says StƩphane Romatet

SMEs account for 61% of the total ABE loan portfolio: ElKosayer
Bank pumped EGP 19bn to about 900,000 SMEs

Banksā SMEs funding amounts to EGP 146bn, targeting EGP 200bn by year-end: El-Etreby
The CBE has instructed banks working in the local market to allocate 20% of their loan portfolios to finance SMEs. El-Etreby pointed out that NGOs were also included within this segment.

AMF, IMF discuss in Cairo challenges facing SMEs in Arab countries
These projects have positive repercussions on improving financial inclusion and enhancing financial, economic, and social stability. SMEs account for more than 95% of total enterprises in the vast majority of the world and contributing 33% to the GDP of developing economies.

SFD inks 3 grant agreements for Egyptās SMEs sector
New joint cooperation in transportation sector to be announced soon, says Nasr

Egypt, France negotiate over ā¬35m in new funding for agricultural SMEs
Local authorities have ambitious plans to develop agriculture sector, says French ambassador

IFC invests close to $200m in Egypt, eyes opportunities in infrastructure, manufacturing sectors
The International Finance Corporation (IFC), a World Bank Group member, invested close to $200m in the Egyptian market over the last eight months, the IFC Country Manager for Egypt, Libya, and Yemen, Walid Labadi, told Daily News Egypt (DNE). The IFC chose Egypt earlier as a model for its investments in Middle East and Africa. …

SCB supports SMEs through Nile preneur initiative
Bank to deliver 5 training sessions to entrepreneurs, assist in establishment of 25 start-ups

Egypt among countries that have made great strides in achieving financial inclusion of SMEās: IMF Middle East, Central Asia Adviser
Increasing access to finance lays foundation for higher, more inclusive regional growth

IDB signs three cooperation protocols to support SMEs in Beheira Governorate
Bank agrees with Nat Gas to finance delivery of gas to industrial units within CBE’s initiative

EFG Hermes Leasing, HSBC team up to finance capital expansion of SMEs
Agreement supports CBE initiative to strengthen sector, raises its contribution to formal economy

Afreximbank, African Guarantee Fund sign $30m re-guarantee facility to support African SMEs
Facility expected to sustain positive social-economic changes among over 6,000 SMEs, hence contributing towards trade development, economic growth, poverty reduction

Op-ed review: Stray dogsā export, NGOs law, and SMEs
Egyptian writers picked up variety of local topics which topped this weekās news agenda

SMEs account for 24% of United Bankās total credit portfolio: vice chairpersonĀ
Bank to offer unique funding solutions, smart digital services, to support these projects, say Abdel Hamid

HDB’s SMEs portfolio amounted to EGP 2.2bn at end June: chairperson
Bank intends to pump EGP 400m to finance SMEs: El-Sebai

Egyptian banks inject EGP 111bn to finance SMEs until June 2018: NBE
NBE aims to increase the volume of funds allocated for SMEs to EGP 100bn by 2020, Abul Fotouh

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

Banks injected EGP 110bn to finance SMEs within CBE’s initiative: CBE Deputy GovernorĀ
CBE secures EGP 2bn as CGC guarantee, encourages banks to finance agriculture projects, says Helal

Egypt targets to increase funding of SMEs to EGP 9.3bn by 2030: Al-Saeed
Total funding of SMEs amounted to EGP 15.2bn, during period from 2015 to September 2017, says minister

Egypt, Germany discuss strengthening cooperation in SMEs, technical, vocational training
Egyptian exports to Germany increased by 9.5% during H1 of this year, says Nassar

NBE, Danone Egypt sign cooperation protocol to support SMEs
Signing of this protocol comes within framework of activating bank’s strategy for MSMEs development, says Aboul Fotouh

EU, European financial institutions provide ā¬475m to mobilise SMEs
Particular attention will go to aspects of inclusiveness, growth, job creation targeting youth, women

NBE, EIB sign ā¬375m agreement to finance Egyptian SMEs
SME portfolio amounted to EGP 44bn at end of June, says Okasha

Agreement between EG-Gate, DHL to support SMEsā export logistics
In the framework of activating the national e-commerce strategy with the aim of establishing an integrated system to support the export logistics of micro, small, and medium enterprises, Egyptian Global Gate (EG-Gate), a company of Tahya Misr with contributions from the Ministries of Tourism, Aviation, and Communications, signed a memorandum of understanding with DHL to …

United Bank, IDA cooperate to support SMEs
Bank’s role is to grant funding, raise financial culture of investors, says Kashmiri

E-marketing powerful tool for entrepreneurs, SMEs to grow their business: Shankar
Online promotion can give competitive edge to Egyptian products in US, professor says

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

United Bank introduces credit rating service for SMEs in cooperation with I-Score
United Bank, I-Score play economically important complementary role, affirms El Kady

President rejuvenated SMEs by launching his EGP 200bn initiative
Banks financed 62,000 projects under initiative worth EGP 68bn until end-December 2017, says Azzam

8 banks participate in financing of āBoshret Kheirā for SMEs
List includes NBE, Banque du Caire, EBE, Banque Misr, QNB