{"id":623142,"date":"2018-10-22T04:24:45","date_gmt":"2018-10-22T04:24:45","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/22\/sahar-nasr-negotiating-with-wb-over-usd-200-mn-loan-for-smes\/"},"modified":"2018-10-22T04:24:45","modified_gmt":"2018-10-22T04:24:45","slug":"sahar-nasr-negotiating-with-wb-over-usd-200-mn-loan-for-smes","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/22\/sahar-nasr-negotiating-with-wb-over-usd-200-mn-loan-for-smes\/","title":{"rendered":"Sahar Nasr negotiating with WB over USD 200 mn loan for SMEs"},"content":{"rendered":"

Egypt is in talks with the World Bank for a USD 200 mn loan to fund SMEs and youth-led businesses<\/strong>, Investment and International Cooperation Minister Sahar Nasr said yesterday, according to Al Mal<\/a>. The funding will be channeled largely toward women-led SMEs and youth startups established through the government\u2019s \u201cFekretak Sherketak<\/a>\u201d startup support initiative, according to Youm7<\/a>. The SMEs Development Authority had previously been in talks<\/a> with the World Bank for a USD 300 mn loan to finance new projects. It remains unclear whether Nasr was referring to a separate loan package. Nasr and SMEs Development Authority head Nevine Gamea also signed yesterday an MoU to promote youth entrepreneurship ahead of the loan disbursal, according to a ministry statement (pdf)<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt is in talks with the World Bank for a USD 200 mn loan to fund SMEs and youth-led businesses, Investment and International Cooperation Minister Sahar Nasr said yesterday, according to Al Mal. The funding will be channeled largely toward women-led SMEs and youth startups established through the government\u2019s \u201cFekretak Sherketak\u201d startup support initiative, according […]<\/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":[2398,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-623142","post","type-post","status-publish","format-standard","hentry","category-diplomacy-foreign-trade","tag-diplomacy-foreign-trade","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"a5da0e4b-21c0-4e60-ad17-0bd90326543b","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[623114],"teaser":"","voice_url":""},"yoast_head":"\nSahar Nasr negotiating with WB over USD 200 mn loan for SMEs - 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\/2018\/10\/22\/sahar-nasr-negotiating-with-wb-over-usd-200-mn-loan-for-smes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sahar Nasr negotiating with WB over USD 200 mn loan for SMEs\" \/>\n<meta property=\"og:description\" content=\"Egypt is in talks with the World Bank for a USD 200 mn loan to fund SMEs and youth-led businesses, Investment and International Cooperation Minister Sahar Nasr said yesterday, according to Al Mal. The funding will be channeled largely toward women-led SMEs and youth startups established through the government\u2019s \u201cFekretak Sherketak\u201d startup support initiative, according […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/22\/sahar-nasr-negotiating-with-wb-over-usd-200-mn-loan-for-smes\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-10-22T04:24:45+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\/2018\/10\/22\/sahar-nasr-negotiating-with-wb-over-usd-200-mn-loan-for-smes\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/22\/sahar-nasr-negotiating-with-wb-over-usd-200-mn-loan-for-smes\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Sahar Nasr negotiating with WB over USD 200 mn loan for SMEs\",\"datePublished\":\"2018-10-22T04:24:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/22\/sahar-nasr-negotiating-with-wb-over-usd-200-mn-loan-for-smes\/\"},\"wordCount\":130,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Diplomacy + Foreign Trade\",\"EnterpriseAM\"],\"articleSection\":[\"Diplomacy + Foreign Trade\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/22\/sahar-nasr-negotiating-with-wb-over-usd-200-mn-loan-for-smes\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/22\/sahar-nasr-negotiating-with-wb-over-usd-200-mn-loan-for-smes\/\",\"name\":\"Sahar Nasr negotiating with WB over USD 200 mn loan for SMEs - 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Gamea\u2019s announcement comes after Investment Minister Sahar Nasr announced on Sunday that her ministry is in talks with the World Bank for a USD 200\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":567264,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/16\/sme-authority-inks-eur-50-mn-loans-and-grants\/","url_meta":{"origin":623142,"position":2},"title":"SME Authority inks EUR 50 mn loans and grants","author":"enterpriseam admin","date":"16 January 2020","format":false,"excerpt":"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. 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The two agreements are geared towards funding SMEs, the Saudi embassy in Cairo said in a statement (pdf).","rel":"","context":"In "Diplomacy + Foreign Trade"","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594143,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/21\/islamic-development-bank-launches-usd-500-mn-fund-for-egyptian-startups\/","url_meta":{"origin":623142,"position":4},"title":"Islamic Development Bank launches USD 500 mn fund for Egyptian startups","author":"enterpriseam admin","date":"21 October 2019","format":false,"excerpt":"Islamic Development Bank launches USD 500 mn fund for Egyptian startups: The Islamic Development Bank (IsDB) has set up a USD 500 mn fund to support youth-led startups through the Investment Ministry\u2019s Egyptian Entrepreneurship Investment Company (Egypt Ventures) and ministry-supported startup accelerator Falak, according to an Investment Ministry statement. 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