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" MSMEs"

21 results

Business - Economy
1/18/2024 10:25:07 PM
The Central Bank of Egypt (CBE) extended the instructions mandating banks to allocate 25 percent of their credit facilities portfolio to micro, small, and medium-sized enterprises (MSMEs) for one year starting 1 January 2024, according to a circular on Thursday.

Business - Economy
12/20/2023 2:24:51 PM
The European Bank for Reconstruction and Development (EBRD) announced providing a $100 million loan to the National Bank of Egypt (NBE) to finance Egyptian private micro, small, and medium enterprises (MSMEs), according to the EBRD’s website.

Business - Economy
12/17/2023 2:52:59 PM
Egypt’s Ministry of International Cooperation launched on Sunday the Hub for Advisory, Finance and Investment for Entreprises “Hafiz” a new financial and technical support platform for the private sector, according to a statement.

Business - Economy
12/13/2023 1:13:17 PM
The European Bank for Reconstruction and Development (EBRD) is considering providing two loans totaling $35 million to the Egypt-based Arab Investment Bank (aiBank), according to statements by the EBRD on Tuesday.

Business - Economy
12/5/2023 3:02:38 PM
The International Financial Corporation (IFC), the financial arm of the World Bank, partnered with Al Baraka Bank Egypt to offer $50 million in finance for Egyptian micro, small and medium-sized enterprises (MSMEs) including women-owned businesses, according to a statement on Tuesday.

Business - Markets & Companies
10/16/2023 3:38:53 PM
Egypt’s state-owned Banque Misr has secured a $234 million loan from the International Financial Corporation (IFC), the financial arm of the World Bank, to offer financing to privately-owned micro, small, and medium-sized enterprises (MSMEs) in the country.

Business - Tech
6/8/2023 4:42:29 PM
Trixie LohMirmand, CEO of KAOUN International and Executive Vice President of Dubai World Trade Centre (DWTC), told Ahram Online that investing more in Africa's digital infrastructure and facilitating funding for micro, small, and medium-sized enterprises (MSMEs) are vital steps for creating a single digital market in Africa in line with the continent's economic sustainability plans by 2030.

Business - Economy
5/29/2023 3:28:48 PM
Banque Misr will receive a $260 million loan from the World Bank's (WB) financial arm, the International Finance Corporation (IFC) over five years to support micro, small, and medium-sized enterprises (MSMEs).

Business - Economy
4/27/2023 5:27:59 PM
The European Bank for Reconstruction and Development (EBRD) has set 31 May as the approval date for a $100 million loan program to Banque Misr, under the Financial Intermediaries Framework ("FIF"), to finance micro, small, and medium enterprises (MSMEs).

Business - Markets & Companies
2/20/2023 10:31:38 AM
The non-banking financial sector is a fast-growing and promising market in Egypt, Ahmed Kamal Selim, founder, CEO, and board member of Tadbiir for Leasing and Factoring, told Ahram Online.

Business - Tech
8/22/2022 4:53:09 PM
valU, EFG Hermes’ Buy-Now, Pay-Later (BNPL) fintech platform, has acquired 100 percent of the stakes of Paynas, a full-fledged employee management and benefits company that provides financial services to micro, small, and medium enterprises (MSMEs), the company announced on Monday.

Business - Markets & Companies
4/26/2022 2:53:45 PM
The Information Technology Industry Development Agency (ITIDA) launched on Tuesday the 13th round of its annual ‘Export IT Programme’, which aims to support Egyptian IT companies in developing their resources, leveraging their competitiveness, and reducing their export-related costs.

Business - Tech
4/17/2022 5:12:23 PM
About 73 percent of all of the government’s contracts were signed with micro- and small-sized businesses over the past 41 months, which reflects the support the state attaches to them in terms of maximising their production capacities, Minister of Finance Mohamed Maait said on Saturday.

Business - Economy
2/23/2022 6:05:09 PM
The micro, small and medium-sized enterprises (MSMEs) sector represents over 80 percent of Egypt’s economy, which is why the government is keen on strengthening cooperation with international partners on development programs in this regard, said Minister of Trade and Industry and the Executive Director of Micro, Small and Medium-Sized Enterprises Development Agency (MSMEDA) Nevine Gamea.

Business - Economy
5/19/2021 7:37:58 PM
The IFC will invest $1 billion in new direct financing for micro, small and medium-sized enterprises (MSMEs), the backbone of African economies, via mezzanine financing and risk-sharing instruments

Business - Economy
2/24/2021 12:56:21 PM
The allocations will benefit more than 120 MSMEs and accelerate economic growth

Business - Economy
12/24/2020 2:09:26 PM
Some 100,000 Egyptians in Luxor, Aswan, Qena, Sohag, and Assiut are expected to benefit from the project

Business - Economy
12/15/2020 5:16:10 PM
This also includes issuing banking cards that enable MSMEs to eliminate cash wages and empower their employees with financial tools

Egypt - Politics
8/27/2020 11:47:43 AM
The Egyptian development agency said the delegation visited a drinking-water reservoir project, whose storage capacity is up to 6,000 cubic metres and provides water for 35,000 families

Business - Economy
8/10/2020 9:18:00 PM

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