{"id":566557,"date":"2021-06-27T13:27:44","date_gmt":"2021-06-27T13:27:44","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/27\/73-of-egypts-smes-are-confident-in-growth-over-the-coming-year-mastercard\/"},"modified":"2021-06-27T13:27:44","modified_gmt":"2021-06-27T13:27:44","slug":"73-of-egypts-smes-are-confident-in-growth-over-the-coming-year-mastercard","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/27\/73-of-egypts-smes-are-confident-in-growth-over-the-coming-year-mastercard\/","title":{"rendered":"73% of Egypt\u2019s SMEs are confident in growth over the coming year- Mastercard"},"content":{"rendered":"

<\/a> 73% of small and medium businesses in Egypt are confident that their business will do <\/strong>well over the coming year<\/strong>, according to Mastercard\u2019s inaugural MEA SME Confidence Index<\/a>. 85% of businesses surveyed said they believed their revenues would grow or hold steady over the coming 12 months, with 68% projecting an increase.<\/p>\n

But 43% said they remained concerned over challenges to growing their business: <\/strong>Half of respondents said the rising cost of doing business was the main thing on their mind, while 46% said getting access to capital was their top concern.<\/p>\n

What do these companies need to grow?<\/strong> 47% want better access to training and development, 45% said they needed better data and insights, while others said expanding their acceptance of digital payments would be what would kick start their business growth.<\/p>\n

SMEs really want to get involved in partnerships:<\/strong> 57% said private sector partnerships had the biggest potential to positively impact their business, while 52% said they could benefit from government-led initiatives.<\/p>\n

Across the region, <\/strong>81% of respondents<\/a><\/strong> on average expressed optimism in their growth prospects over the next year. <\/strong>Of the approximately 100 businesses surveyed in the UAE, Saudi Arabia, and Egypt, SME\u2019s in the UAE<\/a> were the most optimistic, with 88% saying they were hopeful about the coming year. In Saudi Arabia<\/a>, 83% said they were confident in future growth.<\/p>\n","protected":false},"excerpt":{"rendered":"

73% of small and medium businesses in Egypt are confident that their business will do well over the coming year, according to Mastercard\u2019s inaugural MEA SME Confidence Index. 85% of businesses surveyed said they believed their revenues would grow or hold steady over the coming 12 months, with 68% projecting an increase. But 43% said […]<\/p>\n","protected":false},"author":1,"featured_media":566558,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[10166],"tags":[633,865,287,4251],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-566557","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round-sme-watch","tag-enterprisepm","tag-mastercard","tag-smes","tag-speed-round-sme-watch","wpautop","entry"],"acf":{"mongo_id":"52d5eb97-2c43-4f46-839a-e32cb55e1764","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/6\/594.jpg","photo_position":"above","related_issue":[566550],"teaser":"","voice_url":""},"yoast_head":"\n73% of Egypt\u2019s SMEs are confident in growth over the coming year- Mastercard - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/27\/73-of-egypts-smes-are-confident-in-growth-over-the-coming-year-mastercard\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"73% of Egypt\u2019s SMEs are confident in growth over the coming year- Mastercard\" \/>\n<meta property=\"og:description\" content=\"73% of small and medium businesses in Egypt are confident that their business will do well over the coming year, according to Mastercard\u2019s inaugural MEA SME Confidence Index. 85% of businesses surveyed said they believed their revenues would grow or hold steady over the coming 12 months, with 68% projecting an increase. 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Banks have extended EGP 101 bn in finance to c. 37 SMEs since the central bank launched\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":603361,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/21\/world-bank-gives-final-approval-for-usd-200-mn-sme-loan\/","url_meta":{"origin":566557,"position":4},"title":"World Bank gives final approval for USD 200 mn SME loan","author":"enterpriseam admin","date":"21 April 2019","format":false,"excerpt":"The World Bank has given final approval to a USD 200 mn loan to support entrepreneurship and SMEs in Egypt, the Investment and International Cooperation Ministry said in a statement. Egypt agreed on the loan with the World Bank during the IMF and World Bank Spring Meetings earlier this month.\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":567255,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/16\/house-smes-committee-approves-microfinance-act\/","url_meta":{"origin":566557,"position":5},"title":"House SMEs Committee approves Microfinance Act","author":"enterpriseam admin","date":"16 January 2020","format":false,"excerpt":"LEGISLATION WATCH- House SMEs Committee approves Microfinance Act: The House SMEs committee approved the six amendments to the 2014 microfinance law proposed by the Financial Regulatory Authority, paving the way for a general assembly vote within days, according to Al Mal. The legislative amendments would bring dedicated SME lenders, including\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/566557","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=566557"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/566557\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/566550"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/566558"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=566557"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=566557"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=566557"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=566557"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=566557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}