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Gov’t to support 1 mn aspiring entrepreneurs through state-backed learning program
A “1 mn entrepreneurs” initiative will make educational material for aspiring entrepreneurs available online as part of the state-backed Rowad…
Banque Misr inks USD 100 mn loan agreement with JICA for SME lending
Banque Misr has signed a USD 100 mn financing agreement with the Japan International Cooperation Agency (JICA) and Sumitomo Mitsui…
Cabinet approves new raises for civil servants
Public sector employees not covered by the Civil Service Act are officially in line for raises of 13% of their…
Tamweely is getting closer to a booster
Microfinance player Tamweely could soon secure a EGP 100 mn loan from the European Bank for Reconstruction and Development to…
Also on our Radar on 25 March 2021
Legislation that would impose harsher penalties for FGM earned approval (somewhat begrudgingly) from the House Legislative Committee yesterday, after the…
Life is about to get easier for small businesses that want to go legit
SMART POLICY- Life is about to get easier for small businesses that want to go legit: The Central Bank of…
Egypt’s small businesses think a recovery is in the cards this year
Small businesses in Egypt are increasingly optimistic about where the economy is going, with 75% of respondents surveyed in Visa’s…
Banque du Caire gets USD 100 mn EBRD loan for SMEs + trade finance
Egyptian MSMEs will have access to USD 50 mn worth of financing through Banque du Caire, which is getting a…
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