Egypt launches initiative to support cotton-based SMEs, strengthen production clusters
The Micro, Small and Medium Enterprise Development Agency (MSMEDA) has launched the “Egyptian Cotton Festival” initiative in cooperation with Cairo Governorate and in collaboration with the Egyptian Marketing Studies Foundation, aiming to support micro, small and medium enterprises (MSMEs) and
MSMEDA channels EGP 939m into Sinai to fund SMEs, create 25,000 jobs
The Micro, Small and Medium Enterprise Development Agency (MSMEDA) has injected EGP 939.4m into North and South Sinai between 2014 and 2025, financing nearly 10,000 projects and generating around 25,000 job opportunities. Of the total funding, EGP 23m was allocated
Egypt steps up efforts to shield startups, SMEs from global headwinds: MSMEDA chief
Bassel Rahmy, CEO of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), said state entities are working in close coordination to mitigate the impact of global economic challenges on startups and small and medium-sized enterprises (SMEs) in Egypt. He
Egypt, Jordan step up cooperation to support SMEs, boost trade
Egypt’s Micro, Small and Medium Enterprise Development Agency (MSMEDA) has held a series of meetings with the Jordan Enterprise Development Corporation (JEDCO), bringing together officials from both sides alongside representatives of key ministries and entities, including the General Authority for
Tax revenues surge 30.8% in first eight months of FY 2025/26: Finance Ministry
The Ministry of Finance announced that tax revenues rose by 30.8%, equivalent to EGP 380.3bn, during the first eight months of FY 2025/2026, bringing total collections to EGP 1.614trn, compared to EGP 1.234trn in the same period of the previous
Record 2025 results, digital leap drive Suez Canal Bank’s growth: CEO El-Maghraby
Akef El-Maghraby, Chief Executive Officer and Managing Director of Suez Canal Bank, said the bank achieved unprecedented financial and operational results in 2025, consolidating its position in Egypt’s banking sector through a comprehensive strategy that combined strong financial performance, accelerated
MSMEDA expands marketing support for SMEs: Rahmy
Basil Rahmy, CEO of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), reaffirmed the agency’s commitment to providing strong marketing support to small and medium-sized enterprise owners by facilitating their participation in various exhibitions, particularly international fairs, to help
Easy H Trade launches Egypt’s first outsourced export management service
Easy H Trade has launched Egypt’s first outsourced export management service, introducing a new model that enables companies to manage their export operations externally without the need for in-house export departments. The service is designed to help businesses – particularly
9 tax exemptions introduced for businesses with annual revenues under EGP 20m: Finance Minister
Minister of Finance Ahmed Kouchouk announced that nine new tax exemptions will be granted to business activities with annual revenues below EGP 20m, as part of Egypt’s ongoing efforts to support small enterprises and broaden the tax base through trust
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