Societe Arabe Internationale De Banque (SAIB) has signed a medium-term financing agreement worth EGP 300 million with Erada Finance to expand funding for micro, small, and medium-sized enterprises (MSMEs).

Erada Finance has entered into a strategic partnership with the digital payments platform Axis Pay to integrate its financing services with a broad network of e-wallets operating across the Egyptian market.

Egypt attracts annual investments estimated at around $400 million in the entrepreneurship sector, announced Amr El Abd‏, Entrepreneurship Advisor to the Prime Minister of Egypt.

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.

Egypt's Micro, Small, and Medium Enterprises Development Agency (MSMEDA) penned a micro-project financing contract worth EGP 60 million with Erada Microfinance Company.

CI Capital (CICH.CA) has concluded four bond issuances totaling over EGP 4.8 billion for several companies in diverse sectors.

Egyptian Micro, Small and Medium Enterprises Development Agency (MSMEDA) has signed an EGP 100 million financing agreement with Erada to back micro-projects, MSMEDA stated on a statement on November 9th.