SMEs

Cisco Study reveals top cybersecurity considerations for SMEs in 2021

Mon, 07 Jun 2021 - 03:20 GMT

Three Factors Highlighted as Crucial to Achieving Desired Security Outcomes: Enabling Business, Managing Risk and Operating Efficiently

Egyptian president endorses $95M fund by OFID to MSMEs

Thu, 29 Apr 2021 - 02:35 GMT

The agreement was signed on June 22, 2020 and mainly targets youth and women.

Egypt to get €3M grant from Germany to support SMEs

Mon, 26 Apr 2021 - 10:47 GMT

An Egyptian-German partnership project to create jobs and support SMEs will offer grants to non-profit entities and partners in the public sector to remove investment obstacles, International Cooperation Minister Rania Al-Mashat said.

Cabinet approves $50-million soft financing deal by Arab country

Wed, 17 Mar 2021 - 12:34 GMT

The deal inked in January is subject to the endorsement of the president.

LE 213 billion granted to SMES in credit facilities in 5 years

Tue, 23 Feb 2021 - 12:53 GMT

CBE indicated that 81 percent of the facilities has already been used for the industrial, agricultural and service sectors for 126,000 small and medium-sized companies, in addition to microfinance for more than 900,000 micro-clients.

Egypt's central bank obliges banks to increase financing directed to SMEs to 25%

Tue, 23 Feb 2021 - 12:35 GMT

It had been decided to provide funding to more than 120,000 companies and establishments, which would create and maintain job opportunities of about one million jobs.

EGX gains EGP 10.9 bln over past week

Fri, 05 Feb 2021 - 09:57 GMT

The Egyptian Exchange (EGX) gained about EGP 10.9 billion over the past week after its indexes went up collectively.

Doing Business in Time of Recession

Thu, 04 Feb 2021 - 08:29 GMT

A crisis or a change in the business ecosystem can alter how an enterprise functions and can even terminate industries giving rise to others.

Egypt funds small, micro projects with LE3.7B in 11 months

Sun, 03 Jan 2021 - 11:03 GMT

Gamea clarified in a statement, Sunday, that these projects provided 195,000 job opportunities.

Microfinance in Egypt grows by 7% in 3rd quarter of 2020

Thu, 31 Dec 2020 - 08:37 GMT

The number of beneficiaries also rose slightly by 0.5 percent.

81 industrial units offered to investors in 10th of Ramadan City

Mon, 30 Nov 2020 - 10:30 GMT

The units are located in the industrial SME's complexes, particularly B and C spanning over six million square meters southern the city.

Egypt, EU, AFD conclude project worth €52M in agricultural sector

Mon, 23 Nov 2020 - 02:31 GMT

A ceremony was held to celebrate the conclusion of the Support to Agricultural SME's Project (SASME) displaying funding and training provided.

MSMEDA: Value of MSME projects worth LE 28.8B over six years

Wed, 18 Nov 2020 - 03:14 GMT

As per financial services, women participation in the one-window services represented 29 percent of the total services, including issuing licenses, identification cards, tax statements and social insurance.

2K small enterprises founded in Egypt in September 2020 through 1 funding program

Wed, 04 Nov 2020 - 12:49 GMT

That is through the SME's funding program "Mashrouak" (Arabic for Your Project).

Egypt offers 1.6K industrial units divided upon 7 zones

Sun, 18 Oct 2020 - 02:40 GMT

The units offered are fully finished, and have got utilities introduced, fire alarm systems, and security.

Minister displays Egypt's economic performance during COVID-19 crisis in IMF, WBG meetings

Sun, 18 Oct 2020 - 12:59 GMT

In one of the 2020 Annual Meetings of the International Monetary Fund and the World Bank Group, Minister of Finance Mohamed Mait displayed figures on the performance of the Egyptian economy during the COVID-19 crisis and plans for the future.

Back to basics: funding agricultural projects

Sun, 11 Oct 2020 - 03:05 GMT

Amidst an impeding global recession, several funding programs aim to serve investors in the agrarian industry.

EGX allows Omnibus Mechanism for its SMEs Platform

Wed, 02 Sep 2020 - 03:08 GMT

This is one of the actions taken for the restructuring and development of the Egyptian SMEs market and is a complementing step to the action taken, in cooperation with Misr for Central Clearing, Depository & Registry (MCSD), in July 2019.

Sisi directs CBE to support local market, SMEs to alleviate COVID-19 repercussions

Wed, 19 Aug 2020 - 09:35 GMT

This came during Sisi’s meeting with Central Bank Governor Tarek Amer, in the presence of deputy governors of the bank, Gamal Nagm and Ramy Abul-Naga.

Funding for SMEs support initiative amounts to about LE180B: CBE governor

Wed, 19 Aug 2020 - 09:09 GMT

All indicators reflected the ability of the Egyptian state to cross the repercussions of the coronavirus in order to maintain the stability of its financial and monetary indicators according to the figures and data of the balance of payments for 2019/2020.

More