SMEs in Egypt contribute less than 25% of the country’s GDP, despite accounting for 80% of the country’s enterprises, according to BusinessDay Media. The economic contribution of SMEs in Egypt pales in comparison to those in Ghana: SMEs contribute 70% of the country’s GDP and account for 92% of Ghanaian businesses.
More from Enterprise
AI in Egyptian banking is “in its infancy,” and the pause is deliberate
Bankers say the rules aren’t written yet. Data center builders…
Banks threaten to look beyond London as windfall tax talk grows
International lenders say more tax could tip the balance as…
EFG has three more IPOs lined up before year-end, including one hefty offering
Group CEO Karim Awad credits the central bank’s decision to…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…