SFD receives first tranche of Saudi $200m grant
Egypt’s Social Fund for Development (SFD) received the first tranche of 62.5 million Egyptian pounds from the Saudi…
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SMEs
Banque Misr injects $47mn for SMEs among Egypt’s Mashrouak initiative
Egypt's second largest public sector bank Banque Misr (BM) has injected around 370 million Egyptian pounds (US$47…
EBRD, Bank Audi ink $30 million deal to boost SMEs in Egypt
The European Bank for Reconstruction and Development (EBRD) and Bank Audi – Egypt have signed a $30 million to…
Banks’ SME financing are ‘inadequate’; says Egypt c.bank official
The banks’ finances for small and medium-sizes projects (SMEs) are ‘inadequate’ compared to what given to…
Egypt’s National Bank funds SMEs with $2.4bn in 2015
Egypt’s state bank, National Bank of Egypt (NBE) announced Saturday that it has provided 19 billion Egyptian pounds…
Banque Misr to receive China Development Bank’s $100mn loan in February
Egypt's second-largest state lender, Banque Misr, is expecting to receive a $100 million loan from China…
Bank Audi-Egypt, IFC sign cooperation deal to boost SME funding
Bank Audi Egypt, the Egyptian arm of Lebanon-based Bank Audi, has signed Sunday a cooperation agreement with World…
Saudi Arabia grants $200 million for Egyptian youth-led SME projects
Egypt has signed Sunday a US$200 million grant from Saudi Arabia to finance small and medium-sized enterprises…
Banque Misr signs $100 million loan with China Development Bank
Banque Misr, Egypt’s second largest state bank, has signed Wednesday a US$100 million loan with the China…
Moody’s: Egypt’s higher SME lending quota supports economy but endangers banks’…
The Central Bank of Egypt (CBE) instructed on January 11th Egyptian banks to raise their lending to small and…
