Fawry for Banking Technology and Electronic Payments announced its acquisition of 56% of Virtual CFO

Small and medium-sized businesses in Egypt are quickly adopting digital payments to improve efficiency and financial stability, according to the latest Mastercard SME Confidence Index.

Fawry for Banking Technology and Electronic Payment has launched ‘Fawry Business’ to facilitate business operations and enhance efficiency

GoDaddy has introduced GoDaddy Airo, an AI-powered tool designed to help small and medium-sized businesses (SMBs) in Egypt build a strong online presence quickly and easily.

oliv, a digital invoice financing company, has secured Egypt’s first digital factoring license from the Financial Regulatory Authority (FRA).

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.

Minister of Investment and Foreign Trade Hassan El-Khatib met with Basil Rahmy, Chairman of the Micro, Small, and Medium Enterprises Development Agency (MSMEDA), to discuss expanding cooperation between the ministry and the agency in various sectors.

The Micro, Small, and Medium Enterprise Development Agency (MSMEDA) has launched Khatwa Company, a financing institution aimed at supporting small and micro enterprises across Egypt.

Egypt’s Micro, Small, and Medium Enterprises Development Agency (MSMEDA) has signed a cooperation agreement with the Capital Ventures Development Fund 2 to support medium-sized enterprises.

The General Authority for Investment and Free Zones (GAFI) has so far granted 37 golden licenses to investors.

The Micro, Small, and Medium Enterprise Development Agency (MSMEDA) has signed new funding worth EGP 25 million with Aman Company to support handicraft and heritage projects through the Harfa Project for Microfinance.

The Micro, Small, and Medium Enterprise Development Agency (MSMEDA) has introduced a new financing program targeting companies in Egypt’s solar energy sector, in partnership with the United Nations Industrial Development Organization (UNIDO).

ALEXBANK has signed a five-year memorandum of understanding (MoU) with the Italian National Promotion Institution (CDP) to facilitate access to microcredit for Egyptian small and medium-sized enterprises (SMEs) in the agricultural sector.

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.

The Micro, Small and Medium Enterprises Development Agency (MSMEDA) has provided an EGP 50 million in financing to small and medium enterprises (SMEs) via Kredit, a subsidiary of GB Capital Group.

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

The new tax facilities package for small and medium-sized enterprises (SMEs) will come into effect in November.

The Micro, Small, and Medium Enterprises Development Agency (MSMEDA) is working to open new markets for micro, small, and medium-sized enterprises (MSMEs) in Africa as part of the presidential initiative, “A New Beginning for Human Building."