Arab Finance: The Micro, Small and Medium Enterprise Development Agency (MSMEDA) has extended an EGP 550 million financing facility to Fawry MSME Finance, a fully owned subsidiary of Fawry for Banking Technology and Electronic Payments, according to a press release.

The facility aims to expand access to finance for micro, small, and medium enterprises (MSMEs) across Egypt, supporting Fawry's commitment to promoting financial inclusion and empowering entrepreneurs.

The partnership also aligns with the Ministry of Finance's initiative to back the integration of informal businesses into the formal economy, allowing them to leverage the incentives and advantages provided under investment-supporting legislation.

Under the Egypt Vision 2030, the facility comprises EGP 300 million dedicated to financing micro-enterprises and EGP 250 million allocated to financing small and medium-sized enterprises. This enables Fawry to widen its financing reach and offer tailored funding solutions to businesses across various sectors.

Through its digital lending platform, Fawry deploys advanced technology and data-driven credit assessment tools to provide fast, convenient, and accessible financing. The company aims to help businesses meet working capital needs, expand operations and drive sustainable economic growth.

Ashraf Sabry, CEO of Fawry, commented: "The financing is fully aligned with Fawry's strategy of providing integrated financial and technology solutions that enable entrepreneurs to establish, grow, and scale their businesses while enhancing productivity and creating new employment opportunities.”

“Through our digital lending platform, we will be able to extend fast, efficient, and accessible financing to a greater number of micro, small and medium enterprises across all governorates, supporting both new ventures and the expansion of existing businesses,” he indicated.

Sabry mentioned: “In doing so, we aim to strengthen their contribution to Egypt's economic development by helping them meet the evolving needs of the local market."

The CEO elaborated: "Our collaboration with MSMEDA also supports the state's efforts to integrate businesses operating in the informal sector into the formal economy. By formalizing their operations, these enterprises can benefit from a wider range of financial services and the incentives provided under the relevant legislation, while enhancing their ability to expand, access new markets, and achieve sustainable growth."

At the end of March 2026, the listed group registered consolidated profits attributable to the parent company of EGP 749.338 million, a 23.78% year-on-year (YoY) climb from EGP 605.378 million.