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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…
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…
Also on our radar on 7 March 2021
A consortium of El Didi Group and Gama Construction is mulling setting up a 15-acre dry port in Damietta, near…
National Bank of Egypt scraps e-commerce fees for SMEs
MSMEs are getting a moratorium on all fees to process e-commerce payments from the National Bank of Egypt through the…
MSMEs will have an easier time getting bank finance, thanks to the CBE
SMART POLICY- Banks are now required to increase micro, small, and medium enterprises’ share of their loan portfolios by five…
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