Egypt to re-loan $1.7bn to MSMEs and young entrepreneurs

Egyptian government is to provide more than US$1.7 billion for micro, small, and medium-sized enterprises (MSMEs) through funding agreements signed by the Ministry of International Cooperation.

Minister of International Cooperation, Sahar Nasr said those finances would be lent to the young entrepreneurs. The distribution of the finances would be based on gender, to ensure a fair share for women.