EBE receives up to USD 5 mn from EBRD to support Egyptian women-led SMEs: The Export Development Bank of Egypt (EBE) has secured a loan of up to USD 5 mn from the European Bank for Reconstruction and Development (EBRD) to on-lend to women-run SMEs in Egypt, according to the EBRD’s website. The loan aims to expand access to funding for female entrepreneurs and increase women’s participation in the economy.

The loan comes under the EBRD’s Women in Business program which provides both financial and technical assistance. The program also saw CI Capital’s microfinance arm Reefy receive EGP 80 mn in development finance last month. The Reefy initiative aims to address the financing gap for women in rural areas.

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