Madbouly issues decree to form SME Development Authority’s BoD

Prime Minister Moustafa Madbouly issued a decision on Saturday outlining the regulations for the establishment of the SME Development Authority’s board of directors. The board will be mandated with developing and approving the authority’s policies, and will also cooperate and coordinate with independent regulatory bodies, such as the CBE and the Financial Regulatory Authority (FRA), to ensure their effective implementation.