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MSMEDA backs women's projects with EGP 17.4B in funding over 10 years

The Micro, Small, and Medium Enterprise Development Agency (MSMEDA) has pumped EGP 17.4 billion in funding into women's projects during the period from July 2014 to December 2024.

Updated 3/9/2025 8:16:00 AM
Juhayna pens EGP 1B financing deal with Emirates NBD-Egypt

Juhayna Food Industries Company signed a financing agreement exceeding EGP 1 billion with Emirates NBD-Egypt

Updated 2/25/2025 7:36:00 AM
Madinet Masr secures EGP 9B financing from 7 banks

Madinet Masr has secured a medium-term revolving syndicated financing worth EGP 9 billion from seven lenders

Updated 12/25/2024 12:33:00 PM
Egypt studies launching initiative for financing new hotel establishments: Fathy

The Egyptian government is considering the launch of a new initiative to support the tourism sector, with financings to be directed to new hotel establishments.

Updated 12/18/2024 11:46:00 AM
Egypt’s non-banking finance hit EGP 646.6B in 9 months: FRA

Egypt's non-banking financial sector recorded a total financing of EGP 646.6 billion during the first nine months of 2024.

Updated 12/3/2024 3:15:00 AM
MSMEDA reports 27.5% YoY increase in MSME financing over 10 months

Micro, Small, and Medium Enterprise Development Agency (MSMEDA) has reported a 27.5% year-on-year (yoY) increase in funding provided to micro, small- and medium-sized enterprises (MSMEs) from January to October.

Updated 12/2/2024 2:03:00 AM
Egypt secures $21.3M in financing from EBRD to expand Gulf of Suez wind power plant

The European Bank for Reconstruction and Development (EBRD) has announced $21.3 million in development financing for Egypt's Red Sea Wind Energy firm to expand the wind power plant in the Gulf of Suez.

Updated 11/21/2024 3:57:00 AM
ADIB Egypt secures $66.925M financing from UAE’s ADIB

The board of directors of Abu Dhabi Islamic Bank – Egypt (ADIB Egypt) has approved to receive a seven-year subordinated financing of $66.925 million from the UAE’s ADIB.

Updated 11/10/2024 10:08:00 AM
FRA-supervised entities provide EGP 51.5B in total financing end-August

The total financing granted by entities under the supervision of the Financial Regulatory Authority (FRA) reached EGP 51.5 billion by the end of August 2024.

Updated 11/7/2024 3:09:00 AM
FABMISR leads EGP 4.4B syndicated loan arrangement for Saudi Egyptian Developers

First Abu Dhabi Bank Misr (FABMISR) has led a banking alliance in the signing of a syndicated loan facility worth EGP 4.4 billion for Saudi Egyptian Developers (SED).

Updated 10/31/2024 3:05:00 PM
ALEXBANK, CDP ink MoU to back agrifood sector in Egypt

ALEXBANK, a bank of the Intesa Sanpaolo Group, has signed a memorandum of understanding (MoU) with Cassa Depositi e Prestiti (CDP) to support the agrifood sector in Egypt.

Updated 10/27/2024 3:10:00 PM
Kredit gets EGP 100M financing from Banque du Caire for SME support

Kredit, a subsidiary of GB Capital Group, has obtained EGP 100 million in financing from Banque du Caire to bolster the growth of small and medium enterprises (SMEs) in Egypt

Updated 10/13/2024 11:12:00 AM
Egypt seeks to boost concessional financing from development banks

The Egyptian government is seeking to increase the volume and amount of multilateral concessional financing secured from development banks, international institutions, and bilateral partners.

Updated 10/13/2024 9:03:00 AM
European mission in Cairo prepares for $2.9B development funding release

A European technical mission is currently visiting Cairo to conduct a review in preparation for the release of a $2.9 billion development funding.

Updated 10/3/2024 2:10:00 AM
MSMEDA pens $3M financing contract with Enmaa Finance to support exporters

The CEO of the Micro, Small, and Medium Enterprise Development Agency (MSMEDA) Basil Rahmy has signed a $3 million financing contract with Enmaa Finance Company to provide financial support to medium and small enterprises engaged in export activities, as per a statement.

Updated 9/4/2024 1:47:00 AM
MSMEDA, AMAN seal EGP 100M financing deal for SMEs

The Micro, Small and Medium Enterprises Development Agency (MSMEDA) has signed a financing agreement worth EGP 100 million with AMAN Holding.

Updated 8/21/2024 3:22:00 AM
MSMEDA supports youth with EGP 28B in 10 years

Micro, Small and Medium Enterprises Development Agency (MSMEDA) has injected around EGP 28 billion in financing into projects run by the Egyptian youth from July 2014 to June 2024.

Updated 8/12/2024 12:57:00 PM
EBRD, Credit Agricole to back green investments in Egypt with $20M

Credit Agricole Egypt’s board has approved sealing a $20 million loan agreement with the European Bank for Reconstruction and Development (EBRD) to boost green investments in Egypt.

Updated 8/1/2024 2:30:00 AM
Banque Misr, Tanmeyah pen EGP 500M credit facility to back SMEs

Banque Misr has signed a credit facility agreement worth EGP 500 million with Tanmeyah, a subsidiary of EFG Holding, to support small and micro enterprises in Egypt, as per an emailed press release.

Updated 7/25/2024 10:59:00 AM