Egypt Launches New Initiative to Boost SMEs Next April

Egypt’s central bank is due to launch a new initiative to enhance the SMEs sector within next month, said the deputy governor Gamal Negm on Monday.

On the sidelines of the Egyptian Banking Institute’s 6th Annual Conference ‘Towards Sustainbility: Principles and Roadmap”, Negm said the CBE’s new initiative includes new elements such as companies to guarantee credit risks for SMEs projects. The CBE might also enter into a partnership with one of the risk guarantee companies, he added.