Egypt allocates EGP 1.1bn to finance microenterprises: Trade Minister
Published 28 Jul,2021 via Daily News Egypt - Nevine Gamea, Egypt’s Minister of Trade and Industry and Executive Director of the Micro, Small, and Medium Enterprises Development Agency (MSMEDA), has confirmed that the agency allocated EGP 1.1bn to finance micro-enterprises in Egypt.
This will take place in cooperation with major banks working in the Egyptian market, and in accordance with the contracts recently signed between the agency, Banque Misr, Banque du Caire, and the Agricultural Bank of Egypt (ABE),
Priority for the financing will be given to the villages targeted by the presidential “Decent Life” initiative for the development of the Egyptian countryside.
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Daily News Egypt