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IFC, Attijariwafa Bank Egypt sign $10M financing deal to support SMEs

The International Finance Corporation (IFC) and Attijariwafa Bank Egypt launched a $10 million local-currency risk-sharing facility to support financing for small and medium-sized enterprises (SMEs) and boost job creation.

Updated 11/5/2025 6:45:00 AM
Suez Canal Bank, Oliv pen EGP 30M credit facility agreement

Suez Canal Bank and Oliv signed a credit facility agreement valued at EGP 30 million to support Egypt’s small and medium-sized enterprises (SMEs)

Updated 10/14/2025 10:13:00 AM
Al Baraka Bank Egypt, MSMEDA sign EGP 200M financing agreement

Al Baraka Bank Egypt signed a three-year financing agreement with the Micro, Small, and Medium Enterprises Development Agency (MSMEDA) at a value of EGP 200 million

Updated 10/14/2025 2:32:00 AM
Entlaq rolls out Egypt’s 1st data analytics platform Arqam

Entlaq has launched its new platform “Arqam”, the first fully integrated Egyptian platform for data analytics and market intelligence

Updated 9/28/2025 1:39:00 AM
FRA-supervised financing hit EGP 640.1B by June 2025

The Financial Regulatory Authority (FRA) reported that total financing granted by entities under its supervision reached EGP 640.1 billion at the end of June 2025.

Updated 8/14/2025 9:26:00 AM
Visa reviews progress on Egypt’s digital payments ecosystem

Visa, a global leader in payments, highlighted a growth in Egypt’s digital payments landscape, especially among small and medium-sized businesses (SMEs), according to a new report.

Updated 7/28/2025 1:30:00 AM
Egypt allocates EGP 5B to support SMEs in new budget

Egypt has allocated EGP 5 billion in the new budget to back small and medium-sized enterprises (SMEs), effective from July 1st, Finance Minister Ahmed Kouchouk announced.

Updated 7/13/2025 12:20:00 PM
MSMEDA signs EGP 80M financing agreement with Tadbiir to support SMEs

The Micro, Small, and Medium Enterprise Development Agency (MSMEDA) signed a financing deal with Tadbiir for Leasing & Factoring at a value of EGP 80 million.

Updated 7/13/2025 8:20:00 AM
Paragon launches WORK IN in New Administrative Capital

PARAGON has officially launched WORK IN, a new administrative space within its PARAGON.3 project, the New Administrative Capital.

Updated 5/8/2025 5:03:00 PM
MSMEDA, AAIB sign EGP 150M financing agreement to back MSMEs in Egypt

The Micro, Small, and Medium Enterprise Development Agency (MSMEDA) and Arab African International Bank (AAIB) signed a contract worth EGP 150 million to finance mircro, small-, and medium-sized enterprises (MSMEs).

Updated 5/8/2025 6:47:00 AM
Fawry integrates Microsoft 365 into Fawry Business to support Egyptian SMEs

Egyptian fintech Fawry has partnered with Microsoft to integrate Microsoft 365 into its Fawry Business services, aiming to support the digital transformation of small and medium-sized enterprises (SMEs) in Egypt.

Updated 5/4/2025 12:43:00 PM
Mastercard, PayTabs to foster SMEs in Egypt with digital payment solutions

Mastercard has joined forces with PayTabs Group to facilitate digital payment solutions for small and medium-sized enterprises (SMEs) in Egypt

Updated 4/7/2025 11:00:00 AM
Finance Ministry mulls additional incentives for first 50,000 in simplified tax scheme

The Ministry of Finance is mulling over additional incentives and financial support for the first 50,000 taxpayers who join the simplified tax system.

Updated 4/7/2025 7:33:00 AM
Fawry acquires 56% majority stake in Virtual CFO

Fawry for Banking Technology and Electronic Payments announced its acquisition of 56% of Virtual CFO

Updated 2/24/2025 2:32:00 AM
Mastercard SME Confidence Index shows 85% of Egyptian SMEs adopt digital payments

Small and medium-sized businesses in Egypt are quickly adopting digital payments to improve efficiency and financial stability, according to the latest Mastercard SME Confidence Index.

Updated 2/20/2025 3:20:00 PM
Fawry launches ‘Fawry Business’ to bolster digital transformation in Egypt

Fawry for Banking Technology and Electronic Payment has launched ‘Fawry Business’ to facilitate business operations and enhance efficiency

Updated 2/13/2025 8:40:00 AM
GoDaddy launches AI tool to boost Egyptian businesses 

GoDaddy has introduced GoDaddy Airo, an AI-powered tool designed to help small and medium-sized businesses (SMBs) in Egypt build a strong online presence quickly and easily.

Updated 1/29/2025 2:48:00 PM
Finance Provided by FRA Regulated Entities

Updated 1/14/2025 12:38:00 PM
Oliv receives Egypt’s 1st digital factoring license from FRA

oliv, a digital invoice financing company, has secured Egypt’s first digital factoring license from the Financial Regulatory Authority (FRA).

Updated 12/16/2024 8:28:00 AM