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
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
UNDP reaffirms strategic partnership with MSMEDA in 2025
Bassel Rahmy, CEO of the Micro, Small, and Medium Enterprise Development Authority (MSMEDA), emphasized the organization’s commitment to continuing collaboration with development partners to share expertise and international best practices in developing micro, small, and medium enterprises (MSMEs), in line
MSMEDA injects EGP 6bn in 2024 financing, sets ambitious goal to double support in 2025
Basil Rahmi, CEO of the Micro, Small, and Medium Enterprise Development Authority (MSMEDA), revealed that the authority successfully injected EGP 6bn into Egypt’s medium, small, and microenterprise sector during 2024. This represents a 13% increase compared to the previous year.
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