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MSMEDA supports 51,000 youth projects in Alexandria with EGP 2.2B

The Micro, Small, and Medium Enterprise Development Agency (MSMEDA) has financed 51,000 youth-led micro- and small-sized projects with EGP 2.2 billion in investments across Alexandria between July 2014 and May 2025.

Updated 7/17/2025 8:46:00 AM
Beltone Leasing gets $20M financing from Germany's Finance in Motion funds

Beltone Holding’s Beltone Leasing and Factoring has secured $20 million in funding from two leading impact investment funds managed by Germany-based Finance in Motion GmbH: the SANAD Fund for MSME and the Green for Growth Fund (GGF).

Updated 6/22/2025 8:44:00 AM
Parliament passes new simplified tax system for projects with EGP 15M turnover

Egypt's House of Representatives approved a new simplified tax system for projects with an annual turnover of up to EGP 15 million.

Updated 1/27/2025 9:15:00 AM
MSMEDA inks MoU with CIB to provide technical, financial support for MSMEs

The Micro, Small and Medium Enterprises Development Agency (MSMEDA) has signed a memorandum of understanding (MoU) with the Commercial Bank of Egypt (CIB) to provide technical and financial support for micro, medium and small enterprises (MSMEs).

Updated 1/22/2025 8:22:00 AM
Fawry MSME facilities EGP 2B worth of transactions via Alnota since early 2024

Fawry MSME, a fully owned subsidiary of Fawry, has facilitated 750,000 transactions with a total value of EGP 2 billion since the beginning of 2024 via its buy now, pay later (BNPL) digital solution for Fawry merchants, “Alnota” Overdraft.

Updated 12/3/2024 10:14:00 AM
CIB, IFC pen $150M financing agreement to back MSMEs growth

The Commercial International Bank - Egypt (CIB) has signed a $150 million concessional development financing agreement with the International Finance Corporation (IFC) to support micro-, small-, and medium-sized enterprises (MSMEs).

Updated 11/25/2024 2:06:00 AM
FRA-supervised entities provide EGP 51.5B in total financing end-August

The total financing granted by entities under the supervision of the Financial Regulatory Authority (FRA) reached EGP 51.5 billion by the end of August 2024.

Updated 11/7/2024 3:09:00 AM
FRA-supervised entities provide EGP 62B in total financing by July 2024

The total financing granted by entities under the supervision of the Financial Regulatory Authority (FRA) reached EGP 62 billion by the end of July 2024.

Updated 9/30/2024 6:08:00 AM
NBE grants EGP 50M to Kredit for SME support

Kredit, a subsidiary of GB Capital Group, has secured EGP 50 million in financing from the National Bank of Egypt (NBE) as part of its expansion plan to promote financial inclusion and support small and medium enterprises (SMEs).

Updated 9/29/2024 11:05:00 AM
EBRD to back Egypt’s MSMEs, intraregional trade with $705M via local banks

The European Bank for Reconstruction and Development (EBRD) is planning to finance several Egyptian banks with $705 million within the second half (H2) of 2024.

Updated 7/14/2024 8:23:00 AM
FABMISR, Cayesh collaborate to leverage lending programs for MSMEs

First Abu Dhabi Bank Misr (FABMISR) has sealed a cooperation agreement with Cayesh, Egypt’s first supply chain finance company.

Updated 6/9/2024 3:51:00 AM
AMAN Holding unveils strategic alliance with USAID’s Business Egypt Program

AMAN Holding has entered a strategic alliance with the Business Egypt Program, funded by the United States Agency for International Development (USAID) and implemented by DAI global.

Updated 4/14/2024 10:08:00 AM
IFC backs MSMEs in Egypt via $100M loan to Banque du Caire

The International Finance Corporation (IFC) is providing Banque du Caire with a $100 million loan, according to a disclosure by the IFC.

Updated 3/31/2024 12:13:00 PM
EBRD to provide $50M financing to Banque du Caire for MSMEs in Egypt

The European Bank for Reconstruction and Development (EBRD) will provide a financing package worth $50 million to Banque du Caire (BDC) to empower micro, small, and medium enterprises (MSMEs) in Egypt.

Updated 2/25/2024 8:19:00 AM
CBE approves another year for banks to dedicate 25% of loan portfolios to MSME

The Central Bank of Egypt (CBE) has extended the deadline for banks to dedicate 25% of their loan and credit portfolios to finance micro-, small-, and medium-sized enterprises (MSME) for another year that ends on December 31st, 2024.

Updated 1/21/2024 1:26:00 AM
NBE to obtain $100M unsecured loan from EBRD for MSMEs

The European Bank for Reconstruction and Development (EBRD) will be provide the National Bank of Egypt (NBE) with up to $100 million senior unsecured loan under an A/B loan structure for micro, small, and medium-sized enterprises (MSMEs).

Updated 12/21/2023 8:16:00 AM
IFC provides $234M loan to Banque Misr for privately-owned MSMEs

The International Financial Corporation (IFC) will extend access to finance for privately-owned micro, small, and medium-sized enterprises (MSMEs) in Egypt, including women-led businesses, via a $234 million loan to Banque Misr.

Updated 10/16/2023 7:16:00 AM
MSMEDA inks MoU with EGPC, EGAS to back MSMEs

Egyptian Micro, Small and Medium Enterprises Development Agency (MSMEDA) has signed a memorandum of understanding (MoU) with the Egyptian General Petroleum Corporation (EGPC) and the Egyptian Natural Gas Holding Company (EGAS) to support micro, small, and medium-sized enterprises (MSMEs).

Updated 6/19/2023 3:04:00 AM
Reefy secures EGP 200M loan from EBRD to back youth-led MSMEs

Reefy Microfinance Enterprise Services, CI Capital’s microfinance arm, will obtain a senior unsecured loan of up to EGP 200 million from the European Bank for Development and Reconstruction (EBRD).

Updated 6/18/2023 9:12:00 AM