Microfinance companies inject EGP 80.4bn into MSMEs in January 2025: FRA
The Financial Regulatory Authority (FRA) has reported that licenced microfinance companies and associations provided a total of EGP 80.409bn in funding to micro, small, and medium enterprises (MSMEs) in January 2025. This represents a significant increase compared to EGP 58.881bn
Egypt’s microfinance sector approaches EGP 100bn in 2024: MSMEF
Mona Zulficar, Chairperson of the Egyptian Federation for Financing Medium, Small, and Micro Projects (MSMEF), announced that Egypt’s microfinance sector has seen significant growth in 2024, with total financing balances nearing EGP 100bn by the end of the year. This
MSMEDA signs 41 contracts worth EGP 900 Million to support microfinance in 2024
The Micro, Small, and Medium Enterprise Development Agency (MSMEDA) has successfully achieved significant milestones in 2024, including signing 41 contracts totaling EGP 900 million with a diverse range of companies and civil society organizations to fund microfinance projects. In a
Al Tadamun Microfinance, CIB sign credit facility agreement worth EGP 150m
Al Tadamun Microfinance Foundation, a leader in financing micro-enterprises for women, announced that it had signed an agreement with the Commercial International Bank – Egypt (CIB) to renew a credit facility agreement worth EGP 150m. This agreement aims to expand
FRA clarifies suspension of new applications for consumer, microfinance companies
The Financial Regulatory Authority (FRA) has detailed the reasons for halting the acceptance of new applications for licences to establish companies aimed at providing micro-project financing or consumer finance through traditional methods. The Authority explained that this step stems from
Egyptian microfinance records EGP 87.5bn in 2023: CBE
The Central Bank of Egypt (CBE) recently reported that the microfinance in the Egyptian market, provided by banks and other financing entities, reached EGP 87.5bn in December 2023. During the period from July 2021 to December 2023, banks injected EGP