This came in a report released by the Ministry of Planning and Economic Development on extra funding and budget surplus in the fiscal year 2019/2020.
The Micro, Small and Medium Enterprises Development Agency (MSMEDA) aims to fund about 200,000 micro-loans during 2020, with a total financing of LE 3 billion.
Also, the number of beneficiaries grew by 11.8 percent.
Gamea added in a statement Thursday that $700 million of the funding will go to the energy sector, while $400 million will be for the internal trade.
Eleven financial and technical agreements were signed on Saturday.
Vice-president of European Investment Bank (EIB) Dario Scannapieco expressed interest in a meeting with Egyptian prime minister.
Mega projects established in Upper Egypt can be a beacon of hope for smaller ones.
This funds the implementation of the Egyptian initiative to integrate the three environmental conventions: Biodiversity, desertification and climate change.
The volume of Egyptian trade with the European Union countries represents about 30 percent of the total volume of its commodity trade with the world.
The plan consists of three main programs.
The charges consist of terrorism funding, affiliation to a terror group, leading an outlawed group, incitement to violence, and undermining the state in lawsuit no.800/2019.
The financial contributions of the Arab states can be made through the Arab League’s general secretariat or directly to the Palestinian Finance Ministry.
They also expressed no confidence in Fayez al-Sarraj and Ghassan Salama.
President of the University of Cairo told Egypt Today that the total number of research projects funded jointly by the university and other entities is 38.
Fintech in Egypt still relies heavily on payments.
International funding focuses on utility and small scales
The European Union Ambassador to Egypt Ivan Serkus pointed out that the EU is committed to supporting Egypt and regional companies to enhance competitiveness, with the ultimate aim of creating jobs in Egypt and the region.
LE 2 billion were directed to the Risk Guarantee Company to encourage the financing of emerging projects.
The agreement was signed by Egypt’s Minister of Investment Sahar Nasr and EIB President Werner Hoyer at the headquarters of the EIB in Luxembourg.
Egypt reached a new agreement with the World Bank to have a new finance worth $3 billion during the upcoming months, according to Minister of Investment Sahar Nasr.