Arab Finance: 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, as per an emailed press release.
Earlier this month, Kredit obtained EGP 100 million in financing from Banque du Caire to bolster the growth of SMEs in Egypt.
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.