The Financial Regulatory Authority (FRA) has extended the suspension of incorporation applications and preliminary approvals for companies seeking licenses to operate in microfinance or traditional consumer finance, as per a statement.
Updated 10/22/2025 2:49:00 AMThe Micro, Small, and Medium Enterprise Development Agency (MSMEDA) has signed a new financing agreement worth EGP 400 million with Tasaheel Company.
Updated 7/1/2025 2:40:00 AM
Erada Finance announced the launch of a suite of Islamic financing services following its receipt of a Sharia-compliant financing license from the Financial Regulatory Authority (FRA), positioning it among the first companies to provide such offerings in the Egyptian market.
Updated 6/18/2025 1:22:00 AM
The Micro, Small, and Medium Enterprise Development Agency (MSMEDA) signed an EGP 200 million contract with Banque Misr to back small enterprises and provide working capital.
Updated 3/23/2025 7:31:00 AM
The Financial Regulatory Authority (FRA) issued Decrees No. 17 and 18 of 2025 on raising the maximum financing from companies, associations, and non-governmental organizations (NGOs) for micro-enterprises.
Updated 3/5/2025 8:48:00 AM
Reefy Microfinance Enterprise Services has granted financing amounting to EGP 4 billion in 2024, bringing the total financing to EGP 20 billion
Updated 3/2/2025 11:04:00 AM
Egypt's Micro, Small, and Medium Enterprises Development Agency (MSMEDA) penned a micro-project financing contract worth EGP 60 million with Erada Microfinance Company.
Updated 1/20/2025 9:44:00 AMThe Micro, Small, and Medium Enterprise Development Agency (MSMEDA) signed 41 contracts with companies and non-governmental organizations (NGOs) to finance micro-projects with nearly EGP 900 million in 2024.
Updated 1/9/2025 10:54:00 AM
Tamweely Microfinance has launched its first securitization program valued at EGP 5 billion, marking a significant milestone in its strategy to diversify funding sources and accelerate its expansion.
Updated 11/20/2024 9:49:00 AM
The Financial Regulatory Authority (FRA) has decided to suspend issuing new licenses for companies seeking to engage in consumer finance or microfinance for one renewable year starting October 11th.
Updated 10/14/2024 8:19:00 AM
Emirates NBD Egypt has signed a new loan contract worth EGP 400 million with Alexandria Business Association (ABA) to expand the horizon of the latter’s microfinance services across the country.
Updated 10/8/2024 3:16:00 AM
The Micro, Small and Medium Enterprises Development Agency (MSMEDA) has sealed a new microfinance contract with Cash for Microfinance worth EGP 100 million.
Updated 8/7/2024 1:19:00 AM
Misr Insurance Holding has obtained a license from the Financial Regulatory Authority (FRA) to launch Maak microfinance company, with about EGP9 billion in targeted funds over five years.
Updated 6/4/2024 10:35:00 AM
Nasser Social Bank has rolled out a new initiative named "Fatehet Khair," aimed at facilitating financing for micro-enterprises.
Updated 5/12/2024 12:29:00 PM
Egypt Post is planning to make new direct investments worth EGP 6 billion in 2024, Chairman Sharif Farouk said.
Updated 2/18/2024 7:24:00 AM
Egyptian Micro, Small and Medium Enterprises Development Agency (MSMEDA) has signed an EGP 150 million financing agreement with the non-banking financial service provider Tamweely.
Updated 9/17/2023 12:47:00 PM
Egyptian Micro, Small and Medium Enterprises Development Agency (MSMEDA) has signed an EGP 150 million financing agreement with Reefy to back micro- and medium-sized enterprises operated by Egyptian women.
Updated 9/13/2023 12:18:00 PM
Banque Misr’s Chairman Mohamed El-Etreby said that this cooperation comes as part of his lender strategy to support the non-bank financial institutions in Egypt.
Updated 8/1/2023 9:24:00 AM
Beltone Financial Holding has signed a memorandum of understanding (MoU) to acquire a microfinance firm by the Financial Regulatory Authority (FRA).
Updated 7/31/2023 9:25:00 AM