Sisi launches loan programme to support SMEs in Egypt

Egyptian President Abdel Fattah al-Sisi said the banking sector is to inject 200 billion Egyptian pounds ($25 billion) to support small and medium businesses, Reuters reported.

“I have assigned the central bank to make the most of the banking sector to implement a comprehensive programme to support small and medium businesses,” Sisi said, adding that loans for small and medium businesses over the next four years will not be less than 20 percent of all loans issued.