Egypt’s Banque Misr doubles SMEs credit line with EIB

Banque Misr has signed an agreement to double its SMEs financing credit line at the European Investment Bank (EIB) to EUR 1 bn, Al Mal reports. The EIB has just recently extended the credit line, saying it would support SMEs and midcaps across Egypt. In related news, the EIB is expected to provide EUR 620 mn in financing closer to the end of the year for a wastewater treatment project in Alexandria’s western district, according to the newspaper.