MSMEDA allocates EGP 25m for handicrafts through Aman
The Micro, Small, and Medium Enterprises Development Agency (MSMEDA) has signed a new EGP 25m contract with Aman Holding to strengthen support for handicraft and heritage projects through the “Hirfa” microfinance initiative. According to a statement from MSMEDA on Sunday,
CIB becomes first bank to undergo electronic inspection under Egypt’s new tax system
Sherif Al-Kilani, Deputy Minister of Finance for Tax Policies, highlighted the Minister of Finance’s commitment to maintaining open communication with the Ministry’s success partners and the Egyptian Tax Authority. He expressed gratitude for CIB’s achievement as the first entity in
Egypt’s manufacturers call for investment incentives, local production support
Ahmed Zaki, Secretary-General of the Exporters’ Division at the General Federation of Chambers of Commerce, commended the Egyptian government’s initiative to boost local content in manufacturing and exports. He underscored the need to consider the enhancement of national industry as
IMF’s Georgieva praises Egypt’s reforms, flexible exchange rate
Egypt has successfully implemented a flexible exchange rate system, the International Monetary Fund’s (IMF) managing director Kristalina Georgieva said Sunday, praising the efforts of the Central Bank of Egypt (CBE). Georgieva said Egypt has made “successful progress” on the flexible
Al-Mashat outlines new economic development framework to UN, international partners
Rania Al-Mashat, Egypt’s Minister of Planning, Economic Development, and International Cooperation, presented a new operational framework for economic development to representatives of the United Nations, its specialised agencies, and international financial institutions on Friday. The meeting, which included Elena Panova,
Madbouly inspects Egypt’s Urban Development Fund projects
Egypt’s Prime Minister Mostafa Madbouly inspected several projects undertaken by the Urban Development Fund on Saturday, emphasising the government’s focus on developing informal settlements into service areas. Madbouly began his tour by visiting the construction site of the “Craft Workshops”
Sochi to host Russia-Africa Partnership Forum 1st Ministerial Conference
The first Ministerial Conference of the Russia-Africa Partnership Forum will be held in Sochi, Russia, from November 9 to 10, 2024, building on the success of the Second Russia-Africa Summit held in 2023. The event, organized by the Roscongress Foundation,
Egypt, Global Environment Facility discuss funding issues
Yasmine Fouad, Egypt’s Environment Minister, has discussed with Carlos Manuel Rodriguez, CEO of the Global Environment Facility (GEF), ways to improve biodiversity funding mobilization and the GEF’s role as a primary funding mechanism for the three Rio Conventions considering its
MSMEDA launches ambitious financing programme for solar energy: Chief
Basel Rahmy, CEO of Egypt’s Micro, Small, and Medium Enterprises Development Agency (MSMEDA), announced the launch of a new financing programme in collaboration with the United Nations Industrial Development Organization (UNIDO). This initiative aims to support Egyptian companies working in
0.01% decrease in manufacturing, extractive index in August
The Central Agency for Public Mobilization and Statistics (CAPMAS) issued a press release of primary data on the manufacturing and extractive industries index in August 2024. The manufacturing and extractive industries index (excluding crude oil and petroleum products) reached 111.44