Egypt focuses on MSMEs as they represent 98% of private sector: CBE - Daily News Egypt

Sherif Lokman, Sub Governor of the Central Bank of Egypt (CBE) for Financial Inclusion, said that the medium, small, and micro enterprises (MSMEs) sector receives much attention from the state and the CBE due to its great importance in promoting economic growth, creating job opportunities, and achieving sustainable development.

He added in his speech at the “Future of Small and Medium Enterprises 2030 Vision Conference” that MSMEs account for 98% of the private sector’s activity in Egypt and contribute about 43% of the country’s GDP.