Enmaa Finance secures $3m to boost Egyptian exporters

Enmaa Finance Company secured a $3 million financing deal through international factoring to support Egyptian exporters, on Wednesday. This financing strengthens the production capabilities of small and medium-sized enterprises (SMEs) engaged in export activities by providing essential liquidity for their foreign currency receivables.

The financing targets short-term loans for SMEs involved in exporting, addressing their needs for raw materials and production inputs from abroad. The deal extends across all governorates in Egypt, offering a maximum financing limit of 15 million Egyptian pounds for small projects and 30 million pounds for medium projects.

This initiative facilitates access to international markets and promotes growth and stability among Egyptian exporters.

Attribution: Egyptian Cabinet

Subediting: M. S. Salama