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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
Bank achieved 70% growth in profits, 85% increase in deposits, and 67% increase in loans by the end of 2016: Seif El Nasr
The new body will answer to the Ministry of Trade and Industry
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 …
Funding volume amounts between EGP 50,000-3m with an interest rate of 5%, projects obtain approvals in five days
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 …
SMEs suffer from a lack of funding as well as strategic support, such as feasibility studies and economic consulting
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 …