{"id":567264,"date":"2020-01-16T04:07:08","date_gmt":"2020-01-16T04:07:08","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/16\/sme-authority-inks-eur-50-mn-loans-and-grants\/"},"modified":"2020-01-16T04:07:08","modified_gmt":"2020-01-16T04:07:08","slug":"sme-authority-inks-eur-50-mn-loans-and-grants","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/16\/sme-authority-inks-eur-50-mn-loans-and-grants\/","title":{"rendered":"SME Authority inks EUR 50 mn loans and grants"},"content":{"rendered":"

SME Authority inks EUR 50 mn in loans and grants:<\/strong> The SMEs Development Authority has signed a long term loan agreement with the German Development Bank (KfW) and the EU worth EUR 30 mn to expand the authority\u2019s financing capabilities for youth-led SMEs, reports the local press<\/a>. The agreement also includes a separate EUR 4.5 mn grant from the German government and another EUR 14.9 mn grant from the EU. Trade and Industry Minister Nevine Game, who is also the head of SME Authority, said that another USD 200 mn World Bank loan agreement<\/a>, will be signed soon, Al Mal reported<\/a>. This came following talks with a World Bank delegation<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

SME Authority inks EUR 50 mn in loans and grants: The SMEs Development Authority has signed a long term loan agreement with the German Development Bank (KfW) and the EU worth EUR 30 mn to expand the authority\u2019s financing capabilities for youth-led SMEs, reports the local press. The agreement also includes a separate EUR 4.5 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[9285],"tags":[7097,2398,72,481,1282,100,321],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-567264","post","type-post","status-publish","format-standard","hentry","category-diplomacy-foreign-trade","tag-development","tag-diplomacy-foreign-trade","tag-enterpriseam","tag-germany","tag-kfw","tag-policy","tag-world-bank","wpautop","entry"],"acf":{"mongo_id":"765d405f-5312-4902-a4a3-91df69a52d1a","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[567233],"teaser":"","voice_url":""},"yoast_head":"\nSME Authority inks EUR 50 mn loans and grants - 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\/2020\/01\/16\/sme-authority-inks-eur-50-mn-loans-and-grants\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SME Authority inks EUR 50 mn loans and grants\" \/>\n<meta property=\"og:description\" content=\"SME Authority inks EUR 50 mn in loans and grants: The SMEs Development Authority has signed a long term loan agreement with the German Development Bank (KfW) and the EU worth EUR 30 mn to expand the authority\u2019s financing capabilities for youth-led SMEs, reports the local press. The agreement also includes a separate EUR 4.5 […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/16\/sme-authority-inks-eur-50-mn-loans-and-grants\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-01-16T04:07:08+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/16\/sme-authority-inks-eur-50-mn-loans-and-grants\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/16\/sme-authority-inks-eur-50-mn-loans-and-grants\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"SME Authority inks EUR 50 mn loans and grants\",\"datePublished\":\"2020-01-16T04:07:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/16\/sme-authority-inks-eur-50-mn-loans-and-grants\/\"},\"wordCount\":114,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"development\",\"Diplomacy + Foreign Trade\",\"EnterpriseAM\",\"Germany\",\"Kfw\",\"policy\",\"World Bank\"],\"articleSection\":[\"Diplomacy + Foreign Trade\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/16\/sme-authority-inks-eur-50-mn-loans-and-grants\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/16\/sme-authority-inks-eur-50-mn-loans-and-grants\/\",\"name\":\"SME Authority inks EUR 50 mn loans and grants - 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The project aims to improve\u2026","rel":"","context":"In "Other Business News of Note"","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":638401,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/03\/kfw-to-lend-nbe-eur-50-mn-for-sme-funding\/","url_meta":{"origin":567264,"position":2},"title":"KfW to lend NBE EUR 50 mn for SME funding","author":"enterpriseam admin","date":"3 October 2017","format":false,"excerpt":"Germany\u2019s state-owned development bank KfW is planning to sign a EUR 50 mn loan agreement with the National Bank of Egypt to fund SMEs in the country, KfW\u2019s Egypt director Burkhard Hinz tells Al Mal. These SME loans will be mostly geared towards businesses outside Cairo, added Hinz. He had\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":621702,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/15\/sme-authority-expects-eur-120-mn-in-loans-and-grants-before-year-end\/","url_meta":{"origin":567264,"position":3},"title":"SME authority expects EUR 120 mn in loans and grants before year-end","author":"enterpriseam admin","date":"15 November 2018","format":false,"excerpt":"The SME Development Authority expects to receive EUR 120 mn in loans and grants before year-end that will be used to develop infrastructure in five governorates and combat illegal migration in 11 others, the authority\u2019s head of human and social development sector Medhat Massoud told Al Mal. 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