MSMEDA provides EGP 11.9bn in funding for 574,349 small, micro projects in northern Upper Egypt
Basil Rahmy, CEO of the Micro, Small, and Medium Enterprises Development Agency (MSMEDA), announced that from July 2014 to December 2024, the agency has allocated EGP 11.9bn to support 574,349 small and micro enterprises, as well as infrastructure and community
MSMEDA issues 130,000 licences for small enterprises over past decade
Basil Rahmy, CEO of the Micro, Small, and Medium Enterprises Development Agency (MSMEDA), announced that between July 2014 and December 2024, the agency issued 19,804 final and temporary business regularization licences, along with 110,137 final licences for small enterprises. These
Transport Ministry, MSMEDA sign MoU to create sustainable jobs
Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, and Bassel Rahmy, CEO of the Micro, Small, and Medium Enterprise Development Agency (MSMEDA), have signed a Memorandum of Understanding (MoU) aimed at fostering sustainable employment
MSMEDA injects EGP 2.6bn to support over 95,000 small, micro projects in Qena
Basil Rahmy, CEO of the Micro, Small, and Medium Enterprise Development Agency (MSMEDA), announced that the agency has provided EGP 2.6bn in funding for over 95,000 small and micro projects in Qena between July 2014 and December 2024. This initiative
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
MSMEDA, ISFD collaborate to boost youth, women entrepreneurship, innovation
Bassel Rahmy, CEO of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), recently met with Heba Ahmed, Director General of the Islamic Solidarity Fund for Development (ISFD), to further solidify their ongoing collaboration. This partnership, which began with the