Latest in Tag: SME Highlight
Latest in Tag: SME
Egypt keen on developing industrial, investment cooperation and facilitating trade movement with Jordan: Trade Minister
MSMEDA directs EGP 53m of funding in ‘Decent Life’ initiative
Egypt’s Financial Regulatory Authority (FRA) has agreed to grant the first licence for small and medium enterprise (SME) funding to a company operating in the microfinance sector. This licence allows the company to provide financing to SMEs for the first time in the non-banking financial sector (NBFC). This implements the latest legislative amendment issued in …
Company will commence operation with initial capital of EGP 10m
TRADE project will be implemented over 5 years, starting 2021
Nevine Gamea, Minister of Trade and Industry and Executive Director of MSMEDA, said that several state agencies are cooperation to help car owners to convert for natural gas. MSMEDA, through Car-gas and Gasatec, will provide soft loans with appropriate repayment periods to support CNG conversion.
Under establishment SME finance companies shall have issued and paid-up capital of not less than EGP 30m
Omran said that through the Law No. 201 of 2020, the authority developed an integrated regulation that allows non-traditional financing for SMEs.
The discount will be applied in a range of circumstances when SMEs apply to obtain the FRA’s approval for public offering prospectuses. It is to be applied during incorporation or capital increase, and when shares are issued for a merger, split, or in case of issuing shares in excess of profits or reserves.
The agreement aims to support integration of the informal sector into the formal sector.
New system facilitates institution ability to deal with shares in Egypt’s SMEs
The programme aims to help SMEs open up in new international markets, and increase their exports in current ones, without incurring any financial burdens.
ICSB webinar will tackle the future of entrepreneurship and ways to counter the effects of the pandemic on small business
Beltone Financial incurred higher losses in 2019 of about EGP 91.505m, compared to EGP 82.413m in 2018, an increase of 11%, taking into account minority interests.
Banks pumped EGP 160bn to finance 86,000 small, medium enterprises
Bank opens 1st specialised centres in business development services in Al-Yasmeen branch
Egyptian-Emirate relations stronger than ever, says Gamea
Egypt to reach new economic heights under Al-Sisi’s leadership: Deputy Minister Yun
Governorate seeks to cooperate with agency to help young graduates implement projects, become entrepreneurs, said Al-Hagan
We consider acquisition of African banking group, says Egyptian tycoon
SMEs sector represents 97.7% of Japanese firms, says Nassar
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 …
Delegation from Hyundai to visit Egypt in May, says MIIC
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 …
Egypt, UAE, Lebanon, Jordan host three-fourths of MENAP startups
The bank offered SME loans worth about EGP 37.5bn to 55,000 customers
Bank signs a new contract with the MSMEs Development Authority worth EGP 50m to finance small projects in Islamic form
The agreement aims to promote entrepreneurial culture and technical support for SMEs in the two countries
1,650 microenterprises to be implemented according to the contract, with EGP 35,000 per project: Gamea
Contracts benefit 1,300 people from Cairo, Minya, Qena, Menoufia and Sohag: Gamea