MSME
El-Kilani shared that the tax facilitation package aims to establish a comprehensive tax system for businesses with annual revenues not exceeding LE 15 million as part of the government's efforts to encourage and support small enterprises through simplified tax treatment.
These contracts mark the initiation of MSMEDA's plans for 2024, which are in line with Egypt's strategic goal of expanding financial assistance for micro-enterprises.
In addition to financial support, MSMEDA offers non-financial support including project registration in suppliers' directories, integration into commercial networks, entrepreneurial training, and the facilitation of business-to-business collaborations
This came during a ceremony to celebrate the agreement and distribute the tombstones by JICA, according to an official statement.
MSME clarified that this agreement is to finance small and medium enterprises.
This came during a press conference held Wednesday in the headquarters of MSME, in the presence of representatives of KfW Bankengruppe and the European Union.
The reshuffle might include ministries of solidarity, agriculture, industry, justice, tourism, and investment.
Salah clarified that small and medium enterprises allocated around LE 46 billion out of the total funds.
The total loans of small and micro enterprises with a total funding of LE39.6 billion, financed 3 million projects and provided about 4.8 million jobs.
The signing was attended by Minister of Petroleum Tarek el-Molla and Minister of Industry and Trade Tarek Kabil.
