Arab Finance: The Business Development Services (BDS) hubs, affiliated with the Central Bank of Egypt’s (CBE) NilePreneurs initiative, have provided more than 1.160 million non-financial and advisory services during the period from 2020 until 2025, according to a statement.
The services were granted to 502,000 clients, from youth and entrepreneurs to owners of micro, small, and medium-sized enterprises (MSMEs), including 210,000 women.
BDS hubs have also been successful in facilitating access to financing worth EGP 19 billion for more than 14,000 projects, in participation of 18 banks.
The average annual growth rate of the provided services through the hubs reached 135%, with the number of clients seeing a 125% growth rate.
The number of BDS hubs stood at 132, covering 25 governorates.
The CBE’s initiative aims to allow entrepreneurs and SME owners access to non-financial and advisory services while encouraging informal sector projects to transform into the formal economy.
This falls within the Sustainable Development Strategy and Egypt Vision 2030 to achieve economic empowerment for all segments of society.