Egypt is expanding its support for entrepreneurs and small businesses after the Micro, Small, and Medium Enterprise Development Agency (MSMEDA) signed a new financing agreement with Aman Holding worth EGP 300 million ($6.1 million) to fund small and medium-sized enterprises (SMEs) across Egypt.
The agreement will channel fresh financing through Aman Holding as an intermediary lender, helping entrepreneurs access capital to start new ventures or expand existing projects in all Egyptian governorates.
Strategic Funding to Support Small Businesses
The contract was signed by Bassel Rahmy, CEO of MSMEDA, and Hazem Maghazy, Co-CEO for Business and Commercial Affairs at Aman Holding, along with Ayman Bassiouny, the company’s Chief Financial Officer. The signing ceremony was attended by Mohamed Medhat, Deputy CEO of MSMEDA, and Mohamed Osama, Head of MSMEDA’s Central Sector for SME Finance.
According to Rahmy, the new financing facility reflects the agency’s strategy to expand partnerships with financial institutions and specialized lending companies to reach target groups—particularly youth and women entrepreneurs—throughout Egypt.
“Partnerships with intermediary institutions are a cornerstone of empowering youth and women and encouraging informal businesses to join the formal economy,” Rahmy said.
Expanding and Modernizing Local Projects
Rahmy explained that the financing agreement will enable small and medium-sized businesses to expand operations, upgrade equipment, and modernize production processes. These improvements are expected to enhance product quality, increase output, and strengthen the ability of Egyptian SMEs to compete in local and international markets.
The initiative also supports Egypt’s broader economic agenda of reducing imports and boosting exports by strengthening local manufacturing and small-scale production.
In addition, the partnership aligns with incentives introduced under Egypt’s SME Development Law No. 152 of 2020, as well as Law No. 6 of 2025, which provide tax incentives and regulatory facilitation for small businesses entering the formal sector.
Advancing Financial Inclusion
The new financing program is also expected to contribute to greater financial inclusion by integrating informal businesses into Egypt’s formal economic framework. Entrepreneurs who register their businesses can benefit from government incentives, financing programs, and technical support.
Rahmy emphasized that MSMEDA plans to expand geographically across all governorates, working with intermediary partners to ensure entrepreneurs have access to financing and development services nationwide.
Aman Holding Expands SME Financing Network
Maghazy said the renewed partnership reflects Aman Holding’s ongoing commitment to strengthening Egypt’s business ecosystem.
“This agreement confirms our expansion strategy aimed at delivering innovative financing solutions that support businesses of all sizes—especially small and medium enterprises,” Maghazy said.
Through its nationwide financial services network of 233 branches, Aman Holding aims to provide easier access to credit for entrepreneurs and small business owners.
Maghazy added that the collaboration with MSMEDA will help empower young entrepreneurs, create new job opportunities, and contribute to Egypt’s broader economic development goals.
Supporting Egypt’s Economic Development
The partnership highlights Egypt’s continued focus on SMEs as a key engine of growth. By expanding financing opportunities and integrating informal enterprises into the formal sector, the initiative is expected to strengthen productivity, generate employment, and improve the competitiveness of the national economy.
Analysts note that SMEs represent a significant share of Egypt’s economic activity, making targeted financing programs critical for sustaining growth and fostering innovation.
