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Business
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Economy
6/16/2025 7:17:12 PM
Ahram Online has exclusively interviewed Makhtar Diop, managing director of the International Finance Corporation (IFC), during his visit to Egypt to explore how the corporation is partnering with Egypt to drive investment, enhance connectivity, and unlock the full potential of key sectors, from aviation and tourism to renewable energy and MSMEs.
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Business
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Economy
11/26/2024 2:41:49 PM
The International Finance Corporation (IFC), a member of the World Bank Group, announced Monday plans to invest $605 million to support climate finance, sustainable tourism, and financial inclusion for micro, small, and medium enterprises (MSMEs) in Egypt.
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Business
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Economy
11/25/2024 5:23:32 PM
Arab African International Bank (AAIB) issued Sunday a landmark $500 million sustainability bond to accelerate Egypt’s green transition and provide crucial financing to micro, small, and medium enterprises (MSMEs), the World Bank’s financial arm International Finance Corporation (IFC) announced.
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Business
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Economy
11/25/2024 11:18:16 AM
The International Finance Corporation (IFC) announced in a statement on Sunday a $150 million financing package for Egypt's private sector bank, Commercial International Bank (CIB), to strengthen its capital base and enhance support for micro, small, and medium-sized enterprises (MSMEs) across the country, including women-owned businesses.
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Business
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Economy
11/7/2024 3:48:55 PM
Micro, small, and medium enterprises (MSMEs) drive Egypt’s economy, accounting for 90 percent of the private sector, 43 percent of GDP, and 75 percent of the workforce, Bassel Rahmy, CEO of the Micro, Small, and Medium Enterprises Development Agency (MSMEDA), said.
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Business
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Economy
7/18/2024 6:51:04 PM
The Central Bank of Egypt (CBE) signed a memorandum of understanding (MoU) on Wednesday with the French Development Agency (AFD) to start the “Finance in Common” initiative to engage with banks, financial institutions, and regulatory authorities to promote sustainable development goals (SDGs).
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Business
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Markets & Companies
7/3/2024 11:09:50 AM
CEO of Micro, Small and Medium Enterprise Development Agency (MSMEDA) Bassel Rahmy and the UN Assistant Secretary-General and Regional Director of the UN Development Programme (UNDP) Bureau for Arab States Dr. Abdallah Al Dardari discussed on Tuesday the future cooperation between both sides to further develop Egypt's micro, small, and medium enterprises (MSME) sector.
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Business
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Economy
5/21/2024 8:28:52 PM
In a move to support the growth of micro, small, and medium-sized enterprises (MSMEs) in Egypt, the European Bank for Reconstruction and Development (EBRD) extended an initial $119.5 million (€109 million) A/B loan to the National Bank of Egypt (NBE).
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Business
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Economy
5/12/2024 3:15:53 PM
Banque du Caire and the International Finance Corporation (IFC), a member of the World Bank Group, signed on Sunday a financing agreement worth $100 million.
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Business
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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.
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Business
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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.
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Business
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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.
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Business
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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.
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Business
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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.
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Business
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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.
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Business
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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.
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Business
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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).
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Business
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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).
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Business
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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.
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Business
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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.
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