Latest in Highlight
Latest in
NBE SME’s portfolio reaches EGP 65bn end-June
Bank opens 1st specialised centres in business development services in Al-Yasmeen branch
MSMEDA to negotiate with KFED on new funding agreement
Egyptian-Emirate relations stronger than ever, says Gamea
MSMEDA seeks new financial cooperation with South Korea
Egypt to reach new economic heights under Al-Sisi’s leadership: Deputy Minister Yun
MSMEDA pumped EGP 89.2m to finance 3,836 projects in Qena in 5 months
Governorate seeks to cooperate with agency to help young graduates implement projects, become entrepreneurs, said Al-Hagan
Sawiris suggests establishment of SME-specialised bank
We consider acquisition of African banking group, says Egyptian tycoon
Japan, Egypt to boost SME cooperation to promote local exports
SMEs sector represents 97.7% of Japanese firms, says Nassar
Attijariwafa Bank, Global Lease sign SME support protocol
Attijariwafa Bank Egypt and Global Lease Company have signed a joint protocol to support the small and medium-sized enterprises (SMEs), through financing the capital expansions and providing financial leasing services. Under this protocol, Attijariwafa Bank will focus on regulating, financing, and collecting the agreed instalments, while Global Lease will act as the lessor and collateral …
Korea Eximbank aims to support Egypt’s SME sector
Delegation from Hyundai to visit Egypt in May, says MIIC
Egyptian banks increase their SME credit by EGP 136bn in 3 years
Egyptian banks increased their SMEs credit by EGP 136bn from end-2015 till end-2018, benefiting about 522,000 foundations, Gamal Negm, deputy governor of the Central Bank of Egypt (CBE), said on Tuesday. The banking sector allocated 65% of its loans to the private sector, Negm said before an IMF conference on its paper about Financial Inclusion …
Scalling up SME access to bank credit requires limiting relative size of public sector: IMF paper
Egypt, UAE, Lebanon, Jordan host three-fourths of MENAP startups
NBE aims to increase size of SME portfolio to EGP 100bn within 3 years
The bank offered SME loans worth about EGP 37.5bn to 55,000 customers
SME loans at United Bank-Egypt register EGP 1.5bn
Bank signs a new contract with the MSMEs Development Authority worth EGP 50m to finance small projects in Islamic form
Egypt and Jordan sign MOU to promote joint cooperation in SME development
The agreement aims to promote entrepreneurial culture and technical support for SMEs in the two countries
SME and Microfinance Development Authority, Reefy sign EGP 25m contract
1,650 microenterprises to be implemented according to the contract, with EGP 35,000 per project: Gamea
SMEs Development Authority signs 6 micro finance projects in 5 governorates
Contracts benefit 1,300 people from Cairo, Minya, Qena, Menoufia and Sohag: Gamea
Arab Investment Bank aims to boost SME portfolio to EGP 12.3bn by end 2018: chairperson
Bank achieved 70% growth in profits, 85% increase in deposits, and 67% increase in loans by the end of 2016: Seif El Nasr
New SME institution to replace SFD soon
The new body will answer to the Ministry of Trade and Industry
Egyptian SMEs Association, WASME to sign cooperation protocol to support SME owners
The Egyptian Small- and Medium-Sized Enterprises (SMEs) Association and World Association for Small and Medium Enterprises (WASME) will sign a cooperation protocol before the end of January to support the owners of SMEs in Egypt, according to Khaled Nagaty, head of the Egyptian SMEs Association and vice president of WASME. Nagaty said that the cooperation …
HDB pumps EGP 56m in ‘Your Project’ programme over 7 months
Funding volume amounts between EGP 50,000-3m with an interest rate of 5%, projects obtain approvals in five days
HDB graduates first batch in the SMEs financing training course
The Housing and Development Bank (HDB) and FA Group for Financial Consulting have held a graduation ceremony for the first batch of small- and medium-sized enterprises (SMEs) financing training course, which included 25 of the bank’s employees. Graduation certificates were given to the trainees in the presence of the former governor of the Central Bank …
Government’s crowding out of private sector in banking funding hampers SME growth: Sahar Nasr
SMEs suffer from a lack of funding as well as strategic support, such as feasibility studies and economic consulting
Banque Misr aims to boost SME loan portfolio to EGP 30bn in next few years
Banque Misr aims to increase the size of its small- and medium-sized enterprises (SMEs) loans to reach EGP 30bn in the next few years, in line with the initiative launched by the Central Bank of Egypt (CBE) earlier this year. The initiative was launched in support of these projects, boosting the size of their loans …
CBE vows to ‘punish’ banks lagging behind in SME support
The Central Bank of Egypt (CBE) vowed to punish banks that lagged behind on the implementation of the initiative launched earlier this year to support the financing of small- and medium-sized enterprises (SMEs). The CBE had earlier committed banks to grant no less than 20% of total loans to SMEs over four years. CBE sub-governor …
‘SME Beyond Borders—the Missing Middle’ starts Monday in Cairo
The much anticipated SME Beyond Borders conference is set to open Monday in Cairo at the Nile Ritz Carlton Hotel on the subject of #TheMissingMiddle. The event is organised by CPI Business in partnership with the National Bank of Abu Dhabi (NBAD). Bringing together thought leaders from the government and public and private sectors, SME Beyond Borders #TheMissingMiddle will address the critical issue of capacity-building for small- and medium-sized enterprises (SME). Speakers will …
Egypt’s economy takes stable steps, made significant progress and improvement in very difficult circumstances over the past 2 years
UNB is making constant efforts to support serious investors who work in the Egyptian market, and it has ambitious plans to expand the SME sector
SMEs may be the key for a better Egyptian economy, but does the government care?
Small- and medium-sized enterprises (SME) may be the best solution for Egypt’s poor economic state. SMEs have the ability to provide a large number of jobs to subdue unemployment and produce important products. In May, the executive manager of the Egyptian Banking Institute (EBI) Mona El-Baradei said that the number of SMEs in Egypt constitutes …
Egyptian Banking Institute organises visits to India, Hungary to learn about SME financing
The purpose of the visit to Hungary was to meet heads of units of SME financing in banks in order to identify the basis for the application of international practices in financing these projects in Central and Eastern Europe
Small and medium business solutions of the digital age
Egyptian entrepreneurs and banking experts create innovative solutions for credit underwriting of SMEs
CBE confirms banks’ commitment to its instructions for financing small, very small projects
The Central Bank of Egypt (CBE) affirmed that the banks operating in the Egyptian market are committed to its instructions for financing small and very small projects. Some media reports claimed that some people in business had received the funds allocated to the small projects according to the CBE’s initiative launched in January, the CBE …
CBE to present 3-month report of SME financing initiative to parliament
The financing initiative does not include micro-projects and Negm did not give expected information, says MP Abu El-Saad