MSMEDA, eAswaaq Misr to develop SMEs digital services platform
The Egyptian Micro, Small and Medium Enterprises Development Agency (MSMEDA) has partnered with digital platform…
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SMEs
UAE’s Wafeq startup raises $3 mln to tap Egypt market
Dubai-based accounting platform start-up Wafeq announced on Wednesday it had has secured a $3 million seed round,…
Sovereign Fund of Egypt, Etisalat Egypt launch Erada Microfinance
The Sovereign Fund of Egypt (TSFE) and Etisalat Egypt by e& have on Monday partnered together to launch a new…
Egypt’s startup Capiter raises $33 million to expand b2b e-commerce platform across MENA
Egyptian B2B e-commerce startup Capiter, which brings together manufacturers, brands, wholesalers and retailers on…
Mastercard: 73% of SMEs in Egypt bullish on future growth
73 percent of small and medium-sized enterprises (SMEs) in Egypt are optimistic about the next 12 months, according…
Egypt’s CIB bank receives $100 mln loan from IFC to support businesses affected by…
The International Finance Corporation (IFC) provides a $100 million loan to the Commercial International Bank (CIB)…
EBRD approves $100 mln financial package to NBE for SMEs in Egypt
The European Bank for Reconstruction and Development (EBRD) has approved a $100 million financing package for the…
Egypt allocates $525.1 mln for new SMEs industrial complexes – minister
8.5 billion Egyptian pounds ($525.1 million) has been allocated for the establishment of new industrial complexes…
Egypt’s MSMEDA provides EGP 1.1bn funding in 4 months
The Egyptian Micro, Small, and Medium Enterprise Development Agency (MSMEDA) has 1.19 billion Egyptian pounds in…
Banque du Caire signs $100 million loan deal with EIB to finance SMEs
Egypt’s state-run bank, Banque du Caire (BDC) announced on Monday it had signed a $100 million loan agreement with…
