Corporate, institutional financing for MSMEs jumps to EGP 71.3bn in September 2024
Corporate and institutional financing for Micro, Small, and Medium Enterprises (MSMEs) totaled EGP 71.321bn for 3.759 million customers in September 2024, up from EGP 49.653bn for 3.824 million customers in September 2023. The Financial Regulatory Authority (FRA) reported that the
AAIB, IFC, EBRD, and BII launch $500m sustainability bond to advance climate finance, support MSMEs
The Arab African International Bank (AAIB) has issued a $500m sustainability bond, backed by investments from IFC, the European Bank for Reconstruction and Development (EBRD), and British International Investment (BII). This initiative aims to advance Egypt’s green transition while supporting
ETA chief highlights new tax facilities, community engagement
Rasha Abdel Aal, Chairperson of the Egyptian Tax Authority (ETA), emphasized the Minister of Finance’s commitment to fostering community dialogue between the Authority and taxpayers. She noted that effective communication with civil society and the tax community bolsters transparency for
FRA-supervised entities offer EGP 51.5bn finance until August 2024
The Financial Regulatory Authority (FRA) has revealed that the organizations subject to its supervision, including capital market and non-banking financing entities, had injected financing worth EGP 51.5bn until August 2024. The Authority said the financing was divided into EGP
ABE injects EGP 39.8bn into small, micro-enterprises in September
The Agricultural Bank of Egypt (ABE) concluded the third quarter of this year with significant growth in loans allocated to funding SME activities. The bank stimulates various productive sectors to create a competitive national industry in all fields, enhancing local
FRA, Youth Ministry sign protocol to ensure optimal use of funding for MSMEs
The Financial Regulatory Authority (FRA) has signed a cooperation protocol with the Ministry of Youth and Sports to oversee the effective use of funding provided to small, medium, and micro-enterprises (SMEs). The signing ceremony also marked the launch of Egypt’s
Local Development Ministry, MSMEDA collaborate to expand support for small enterprises
Minister of Local Development, Manal Awad, and CEO of the Micro, Small, and Medium Enterprise Development Agency (MSMEDA), Basel Rahmi, signed a cooperation protocol on Tuesday. The agreement aims to coordinate efforts to expand various forms of support for the
FRA reveals size of non-banking financing in July 2024
The Financial Regulatory Authority (FRA) has disclosed the total volume of non-banking financing provided by institutions under its supervision to various sectors in July 2024. Micro, Small, and Medium Enterprises (MSMEs) According to a recent FRA report, the outstanding
EGP 19.5bn annual increase in non-banking finance for MSMEs during April 2024: FRA – Dailynewsegypt
Non-banking finance reaches EGP 63.1bn in April 2024