Egypt’s c.bank urges banks to facilitate measures for opening new bank accounts
The Central Bank of Egypt (CBE) issued new set of regulations for banks to facilitate measures required for opening…
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MSMEs
National Bank of Egypt exempts MSMEs from e-commerce payments fees till June-end
The National Bank of Egypt, the country’s biggest state-run lender, announced on Thursday that it is exempting…
SANAD provides first Tier II capital in Egypt to Banque du Caire
Germany’s SANAD Fund for MSMEs has provided its first Tier II capital investment in Egypt to long-standing partner…
Egypt’s parliament approves 10 global pacts worth more than $400 million
Egypt’s parliament has approved 10 agreements signed with a number of international institutions worth more than…
Egypt’s central bank plans United Bank stake sale within H1-2020: governor
Egypt’s Central Bank Governor Tarek Amer said on Wednesday he expects the deal to sell a stake in the United Bank…
World Bank earmarks $200 million for Egypt micro, small-sized projects
The World Bank agreed a $200 million financing to Egypt last month to fund micro and small-sized business, head of…
Egypt’s MSME agency negotiating $300 mln World Bank financing package
Egypt’s Micro, Small, and Medium Enterprises Development Agency (MSMEDA) is negotiating a $300 million financing…
Visa launches foundation for MSMEs growth with initial focus on Egypt and Nigeria
Global payments technology company Visa has launched the newly-incorporated Visa Foundation, which has been…
Banque Misr endorses 2045 strategy to expand funding for SMEs
Egypt's second biggest bank, state-run Banque Misr has endorsed a strategy, named 2045, aiming to expand its…
UNDP, Egypt to jointly set up the national impact investment fund
Egypt has signed Wednesday an agreement with the United National Development Programme (UNDP) to establish its…
