Arab Finance: 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, as per an emailed press release.

The financing is expected to provide additional financial resources for SMEs, enabling them to expand operations and increase production capacity.

It will also facilitate job creation and contribute to improving living standards across the country.

Recently, Kredit secured EGP 50 million in financing from the National Bank of Egypt (NBE) as part of its expansion plan to promote financial inclusion and support SMEs.

Egypt seeks to boost concessional financing from development banks Updated 10/13/2024 9:03:00 AM

Egypt to implement new tax relief package for SMEs in November Updated 10/8/2024 1:19:00 PM

European mission in Cairo prepares for $2.9B development funding release Updated 10/3/2024 2:10:00 PM

NBE grants EGP 50M to Kredit for SME support Updated 9/29/2024 11:05:00 AM

MSMEDA expands SME export opportunities to African markets Updated 9/19/2024 12:57:00 PM