CBE recognized for its unwavering support of local MSMEs

Mon, 25 Dec 2023 - 05:01 GMT

In a Monday statement, the CBE shared that First Deputy Governor of the CBE Mai Abu El-Naga was presented with a shield of honor by the federation in appreciation of the central bank’s efforts and support to Egypt’s MSMEs

ITIDA Takes Center Stage in Fostering Egypt’s Tech Startups and Nurturing the Entrepreneurship Ecosystem, the CEO Pronounces

Mon, 09 Oct 2023 - 02:19 GMT

On the sidelines of the summit, ElZaher met with a group from the TIEC Innovation Ambassador (TIEC-IA) program. ITIDA’s CEO praised their efforts and stressed the importance of the role they play in realizing ITIDA’s goal of spreading the culture of entrepreneurship and innovation

EBRD provides Banque Misr with $100M loan to support MSMEs

Mon, 17 Jul 2023 - 05:42 GMT

The EBRD elaborated that the provided loan will contribute to the expansion of Banque Misr's activities beyond the Greater Cairo region and help increase the availability of medium-term funding for underserved Egyptian MSMEs.

Egypt's Tax Authority announce facilities for owners of MSMEs

Sun, 03 Apr 2022 - 01:29 GMT

Abdel Kader pointed out that this comes within the framework of cooperation between the Ministry of Finance and the Authority with the MSMEDA to facilitate the owners of medium, small and micro enterprises to register at the tax authority.

Egypt keen on close cooperation with UN to provide technical support for MSMEs: Minister

Wed, 23 Feb 2022 - 09:35 GMT

Gamea added Egypt has taken wide strides on economic reform and institutional development and this has contributed to promoting the status of the economy.

Beneficiaries of MSMEs' financing hit 3.5M at end of 2021

Tue, 18 Jan 2022 - 11:28 GMT

Omran added, during a press conference held, Monday, that the value of financing balances for medium, small and micro enterprises amounted to LE 26.8 billion at the end of 2021, compared to LE 19.3 billion at the end of 2020, with a growth rate of 38.9 percent.

Egypt, Jordan sign MoU to support MSMEs

Tue, 09 Nov 2021 - 05:45 GMT

The MoU is aimed at developing MSMEs, through exchanging experience and holding training courses and exhibitions, in addition to exploring opportunities for achieving trade integration between Cairo and Amman.

EBRD offers Banque du Caire $100M to support trade and MSMES

Thu, 18 Mar 2021 - 11:48 GMT

EBRD clarified in a statement that the financing package is for trade financing and on-lending to local micro-, small and medium-sized companies (MSMEs).

CBE launches initiative for cancelling fees of activating e-collection services

Fri, 12 Feb 2021 - 12:41 GMT

The Central Bank of Egypt (CBE) launched Saturday an initiative to cancel all fees that private sector’s MSMEs bear to activate the electronic collection services via the internet (E-Commerce) till the end of June 2021.

Maait to MSMEs: Simplified tax based on volume of business

Mon, 11 Jan 2021 - 03:59 GMT

The tax, under the new law, will be a simplified one that doesn’t require records, documents or purchase invoices.

Egypt funds small, micro projects with LE3.7B in 11 months

Sun, 03 Jan 2021 - 11:03 GMT

Gamea clarified in a statement, Sunday, that these projects provided 195,000 job opportunities.

MSMEDA: Value of MSME projects worth LE 28.8B over six years

Wed, 18 Nov 2020 - 03:14 GMT

As per financial services, women participation in the one-window services represented 29 percent of the total services, including issuing licenses, identification cards, tax statements and social insurance.

Total output of Egypt's MSMEs hits LE 1.2T: CAPMAS

Thu, 23 Apr 2020 - 12:37 GMT

The official statistics agency added that the MSMEs produced a total output recording LE 1.237 trillion and achieved a total added value of LE 804 billion.

Egypt, Jordan sign MoU to support small projects

Thu, 27 Jul 2017 - 01:12 GMT

The agreement aims to boost the entrepreneurial culture in both states.