2,337 small and micro projects implemented with more than $1.46mln since July 2021: Egypt's Local Development Fund - Zawya
Egypt

Minister of Local Development Mahmoud Shaarawy revealed that the Local Development Fund has financed...

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MSMEs
Economy
Egyptian cloud kitchen startup The Food Lab raises $4.5m pre-seed round 0 - Disrupt Africa
Egypt

Egyptian startup The Food Lab, a cloud kitchen platform that provides services like procurement...

Financing
Growth
Startups
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Egyptian payments startup Paymob expands operations into Pakistan - Disrupt Africa
Egypt

Egyptian digital payments provider Paymob has expanded its operations into Pakistan, aiming to...

Growth
Startups
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73% of all government contracts signed with micro, small businesses over past 41 months - Arham Online
Egypt

About 73 percent of all of the government’s contracts were signed with micro- and small-sized...

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MSMEs
CBE includes doctors in initiative to finance small enterprises - Egypt Independent
Egypt

The Central Bank of Egypt (CBE) announced, on Tuesday, a decision to include doctors in the small...

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Egypt's startups raise $491m across 147 transactions hitting all-time-high volume of foreign investors - Egypt Today
Egypt, Regional

Following a four-year consecutive growth in VC funding, the Egyptian ecosystem observed a 168...

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Local institutions, banks launch ‘Avans Manara’ fund for direct investment, targeting EGP 2bn volume - Daily News Egypt
Egypt

A number of local institutions and banks have launched “Avans Manara” fund to invest in funds...

Financing
Growth
MSMEs
Startups
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Micro-enterprises' finance in Egypt rose to LE 27.1B during 2021 - Egypt Today
Egypt

Financing for small and micro enterprises grew by 40 percent by the end of 2021, to reach LE 27.1...

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

Sherif Lokman, Sub Governor of the Central Bank of Egypt (CBE) for Financial Inclusion, said that...

MSMEs
Private sector
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AFDB
Egypt’s SMEs Get Boosted by Tax Incentives under new MSMEs Law - SFAI Egypt
Egypt

Over the past few years, Egypt has enacted several business-friendly laws and regulations mainly...

MSMEs
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SMEs
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