NBE, SFD Ink EGP250mn Contract to Support Egypt’s Small Projects

By Yomna Yasser On Nov 9, 2014

Egypt’s Social Fund for Development (SFD) has signed today a financing contract with the National Bank of Egypt (NBE) worth EGP 250 million for the small-sized projects.

The contract aims to meet with the financing needs of the Egyptian small projects.

During the first half of 2014, SFD signed 12 contracts worth 1.081 billion Egyptian pounds with banks and financial institutions for the support of small projects. In addition, the fund also signed, during the first half, 11 contracts at value of 86 million pounds with financial institutions to fund micro-sized projects.