MSME sector represents more than 80% of Egypt’s economy: MSMEDA CEO

Wed, 29 May 2024 - 12:36 GMT

MSMEDA is currently working with various state institutions to implement the Small Enterprise Development Law

Egypt, JICA establish project to support small enterprises' productivity

Thu, 23 May 2024 - 02:14 GMT

Rahmy highlighted the agency’s joint initiative with JICA, which will span two years.

MSMEDA partners with AlKhair Microfinance to empower micro-projects with EGP 30M investments

Mon, 29 Apr 2024 - 01:20 GMT

Furthermore, he clarified that this contract will be advantageous to a wide range of sectors, including commerce, services, agriculture, and manufacturing projects.

MSMEDA invested LE 6.3B into small projects from January 2023 to February 2024

Tue, 16 Apr 2024 - 03:25 GMT

Rahmy further highlighted that MSMEDA provided an additional LE 141 million in grants for various initiatives such as infrastructure projects, community development, and training during the same period.

MSMEDA provides LE 4.1B to fund 128k projects over 10 months in 2023

Wed, 29 Nov 2023 - 01:58 GMT

Rahmy highlighted that MSMEDA organized a total of 138 exhibitions, attracting nearly 3,400 exhibitors and generating sales and contract revenues amounting to EGP 270.8 million

MSMEDA invests LE 470M to convert cars to natural gas over 3 years

Sun, 19 Nov 2023 - 03:04 GMT

MSMEDA also pumped LE 1.8 billion to enhance the automotive feeding and supply chain industries, according to its CEO.

MSMEDA invests LE 50M in Damietta’s furniture industry: MSMEDA CEO

Wed, 15 Nov 2023 - 03:59 GMT

Rahmy highlighted that MSMEDA has already injected more than LE 805 million into Damietta Governorate between 2014 and 2023

MSMEDA invests LE 642M in Sinai’s SMEs over 9 years

Wed, 01 Nov 2023 - 04:12 GMT

Rahmi emphasized that this initiative aligns with the state's strategy to develop and rebuild Sinai, while also creating a favorable business environment for the growth of small-scale projects.

MSMEDA partners with eAswaaq to develop Egypt’s digital service platform for SMEs

Sun, 18 Jun 2023 - 04:46 GMT

The service platform will incorporate all authorities offering financial and technical assistance to SMEs including banks, non-profit organizations, and government bodies. The platform is set to be officially launched within the next 3 months.

MSMEDA partners with AFD, EU to revitalize areas in Giza

Thu, 18 May 2023 - 01:03 GMT

The new signed contracts aim to provide about 14,000 job opportunities for irregular workers, and benefit about 50,000 residents in these areas, Basil Rahmi, CEO of the MSMEDA, said.

MSMEDA: LE 7.1B pumped into different developmental sectors in 2022

Tue, 07 Mar 2023 - 04:37 GMT

The MSMEDA added that the youth in the Upper Egyptian governorates got more than 50 percent of the total funding directed to the micro and small enterprises sector.

MSMEDA financed 2,134 projects in Red Sea in 2022

Mon, 20 Feb 2023 - 05:35 GMT

Hussein added in a statement on Monday, said that these projects provided 3,609 job opportunities.

MSMEDA backs innovative projects to enhance their role in national economy

Thu, 16 Feb 2023 - 04:43 GMT

The move comes as part of the government's plan to move toward a digital economy and attain the Sustainable Development Goals (SDGs) in line with Egypt's Vision 2030.

MSMEDA pumps LE 6.8B to 222K small, micro projects during 2022

Tue, 24 Jan 2023 - 04:04 GMT

Rahmi added that these funds contributed to establishing and expanding the activity of about 222,000 projects, and providing more than 367,000 job opportunities.

Egypt overcame impact of Covid-19 by focusing on small enterprises - MSMEDA

Thu, 02 Jun 2022 - 06:51 GMT

The MSMEDA takes part in implementing the "Decent Life" presidential initiative, he said, adding that he chairs the economic development committee, which is tasked with coordinating with the various state bodies to create a climate conducive to expanding the establishment of small and medium-sized enterprises (SMEs).

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.

MSMEDA, sign MoU to support local businesses in Egypt

Tue, 29 Mar 2022 - 03:21 GMT

Through this partnership, Amazon Egypt will support MSMEDA-registered businesses interested in availing their products to millions of customers and growing their business online.

MSMEDA signs 5 pacts to finance micro-enterprises in Aswan

Thu, 17 Mar 2022 - 02:53 GMT

Under the agreements, a host of micro-enterprises will be financed in form of loans in the most needy areas targeted by the “Decent Life” initiative in Aswan Governorate.

Political leadership provides all support to women - minister

Wed, 16 Mar 2022 - 06:17 GMT

Gamea said, on the occasion of the Egyptian Women's Day, that the MSMEDA depends on several plans to promote women's role at the economic and societal levels.

MSMEDA signs deals with Amazon, Jumia to promote Egyptian products

Sun, 13 Mar 2022 - 05:32 GMT

He noted that there are 3.7 million small, medium and micro enterprises in Egypt, a matter that reflects the agency's keenness on providing them with financial and non-financial services to enable them to grow and expand.