Banque du Caire and the International Finance Corporation (IFC), a member of the World Bank Group, joined forces to support Egyptian businesses and trade with a $100 million financing agreement. …
MSMEs
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Economy
Banque du Caire, EBRD Expand Support for MSMEs and Female Entrepreneurs in Egypt
by Nada Khaledby Nada KhaledAccording to the EBRD’s website, The European Bank for Reconstruction and Development (EBRD) is offering a financing package of US$50 million (€46 million) to Banque du Caire (BDC), one of …
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“Egypt’s “National Project for Community, Human, and Local Development” (Mashrouak) has achieved a record lending rate of EGP 200 million in January 2024.”, Local Development Minister ,Hisham Amna, said . …
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EconomyHighlights
IFC, Al Baraka Bank Egypt Partner to Support MSMEs in Egypt
by Nada Khaledby Nada KhaledIFC announced today a partnership with Al Baraka Bank Egypt to increase access to finance for micro-, small- and medium-sized enterprises (MSMEs) in Egypt, including women-owned businesses, helping catalyze economic …
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Qardy, an online lending marketplace, has partnered strategically with Sandah, a for-profit microfinance company, to empower and support micro, small, and medium enterprises (MSMEs) in Egypt. The partnership aims to …
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The Minister of International Cooperation, Rania Al-Mashat, witnessed the signing of a financing agreement between Egypt and Saudi Arabia. The agreement aimed to finance and support industrial micro, small and …