MSMEDA injects over EGP 500m into MSME financing in January 2025: CEO
The Micro, Small, and Medium Enterprise Development Agency (MSMEDA) provided over EGP 500m in financing for MSMEs in January 2025, in collaboration with leading banks and financial institutions, alongside direct funding through its branches across Egypt. This initiative aligns with
MSMEDA to double support for project owners outside Cairo: CEO
Basel Rahmy, CEO of the Micro, Small, and Medium Enterprises Development Agency (MSMEDA), announced that in 2025, the authority will work to significantly increase both the financial and non-financial services available to project owners across Egypt’s governorates. This effort will
CIB, MSMEDA sign strategic partnership to support SMEs
Commercial International Bank (CIB) has announced the signing of a strategic cooperation protocol with the Micro, Small, and Medium Enterprise Development Agency (MSMEDA) to bolster support for entrepreneurs and small and medium enterprises (SMEs) across Egypt. This partnership is aligned
Banque Misr signs EGP 300m contract with MSMEDA to fund 3,000 micro-projects
Ahmed Issa, Deputy CEO of Banque Misr, and Basel Rahmy, CEO of the Micro, Small, and Medium Enterprise Development Agency (MSMEDA), have signed a contract worth EGP 300m to support micro-projects focused on development and expansion. The agreement aims to
MSMEDA, Erada Microfinance ink EGP 60m deal to fund 1,700 micro-enterprises
The Micro, Small, and Medium Enterprise Development Agency (MSMEDA) has signed a significant agreement with Erada Microfinance, securing EGP 60m to support micro-enterprises. This funding initiative is expected to finance approximately 1,700 new or existing ventures, with a focus on
Turathna Expo for handicrafts to open Dec. 12 with over 1,000 exhibitors
Basel Rahmy, CEO of the Micro, Small, and Medium Enterprise Development Agency (MSMEDA), emphasized the agency’s commitment to establishing the Turathna Exhibition as a central hub for Egyptian handicrafts and traditional arts. The event will bring together various ministries, governmental
MSMEDA launches EGP 25M funding programme to support artisanal, heritage handicrafts
Basel Rahmy, CEO of the Micro, Small, and Medium Enterprise Development Agency (MSMEDA), has announced the launch of a new financing initiative, the Hirfa Microfinance Project, in collaboration with Aman. With a budget of EGP 25m, the programme is designed
MSMEDA allocates EGP 265m to support furniture projects in Damietta
The Micro, Small, and Medium Enterprises Development Agency (MSMEDA) has provided approximately EGP 265m in funding to furniture manufacturers in Damietta over the past decade. According to Basel Rahmy, CEO of MSMEDA, this funding has facilitated the launch and growth
MSMEDA partners with banks to offer Islamic financing for small enterprises: CEO
Basel Rahmy, CEO of Egypt’s Micro, Small, and Medium Enterprises Development Agency (MSMEDA), announced Monday that the agency partnered with several banks to provide Islamic financing solutions for small enterprises. These banks include Faisal Islamic Bank of Egypt, United Bank,
MSMEDA finalizes establishment of Khutwa Financing, with 40% stake
Basel Rahmy, CEO of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), announced that the final procedures are underway for establishing Khutwa Financing Company. MSMEDA will hold a 40% stake in the company, in partnership with major financial institutions