MSMEDA eyes EGP300mln funding agreements with SAIB, Banque Du Caire

Micro, Small and Medium Enterprises Development Agency (MSMEDA) is seeking to sign two micro finance agreements of 300 million Egyptian pounds with two banks  within the upcoming period , Nevine Badr El Din, Micro Finance Central Sector Director said.

Badr El Din also told Amwal Al Ghad that the first contract of 200 million Egyptian pounds will be signed with Banque Du Caire, while the second contract of 100 million pounds will be inked with SAIB Bank.

MSMEDA seeks to inject  funds of 3.5 billion pounds into the SMEs sector during 2019 through expanding in funding associations, banks and companies.