Egypt’s Micro, Small and Medium Enterprise Development Agency (MSMEDA) CEO, Bassil Rahmy, announced that the agency has invested more than EGP 18 billion over the past 11 years to support …
SMEs
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EconomyHighlights
Egypt’s Tax Authority Accelerates Second Tax Facilitation Package with Focus on SMEs, VAT Refunds, and E-Commerce Reform
Egypt’s Tax Authority (ETA) is finalizing a second package of tax facilitations, aimed at streamlining tax procedures, improving VAT refund processes, and enhancing support for small and medium-sized enterprises (SMEs), …
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HighlightsWomen on Top
Nevine Gamea Elected by Acclamation to Board of Egyptian Insurance Federation
In a a new milestone for women’s leadership in Egypt’s financial sector, Nevine Gamea, Chairperson of Misr Insurance, former Minister of Trade and Industry, and a leading advocate for entrepreneurship …
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EconomyHighlightsNews
AfDB Endorses $170M Loan to Empower Women-Led Businesses and Drive Egypt’s Green Transition
The African Development Bank (AfDB) has approved a $170 million loan to support Egypt’s ongoing efforts to foster private sector growth, economic diversification, and green transition. This funding, announced in …
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Egypt’s Ministry of Local Development and the Micro, Small, and Medium Enterprise Development Agency (MSMEDA) have signed a strategic cooperation protocol to create a more conducive environment for small businesses …
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Egypt’s Minister of Planning and Economic Development, Hala Al-Saeed, emphasized the government’s commitment to fostering entrepreneurship, innovation, and the growth of startups as well as small and medium-sized enterprises. She …
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Al Tadamun Microfinance Foundation, a champion for women’s economic empowerment, is bucking the trend by achieving significant growth in 2023. The foundation, aligned with Egypt’s national development goals, injects crucial …
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Islamic Corporation for the Development of the Private Sector (ICD), a member of the Islamic Development Bank (IsDB) group, and Banque Misr have signed a letter of intent, solidifying their …
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The Egyptian Exchange (EGX) has revealed a comprehensive plan to stimulate demand and enhance the development of its stock exchange in 2024. The strategy, consisting of seven pillars, aims to …
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Kredit, a subsidiary of GB Capital, has been established in Egypt to provide financial support to small and medium-sized enterprises (SMEs) with an initial capital of EGP 35 million, which …
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