Funding size is good, given negative economic effects of coronavirus, says Gamea
Latest in Highlight
Finance expected to reach 216,000 projects over five years, providing 250,000 jobs, says Gamea
First contract worth EGP 500m will finance micro-projects, second project for financing women is worth EGP 120m, says Gamea
Agency’s move comes in cooperation with EU support to improve employment opportunities for Egypt’s youth
The guidance comes with the aim of helping project owners apply these measures to combat the coronavirus and limit its spread within their projects.
Agency offers soft loans up to EGP 1m to support small-sized enterprises: Gamea
Agency to pump new funds for activities currently booming due to spread of coronavirus
Agency allocates EGP 10m to convert vehicles to dual-fuel in cooperation with “Car Gas”
For his part, Hany Emad, head of the central sector for financing small projects in the MSMEDA, announced that the agency is fully prepared to provide additional funds and facilities for projects that need funding to deal with the effects of the crisis.
MSMEDA offers new facilities, advantages for industrial sector to support new Egyptian industrialists: Gamea
The agreement works through three development programmes that provide alternatives and employment opportunities for young people in Egypt to limit illegal migration.
World Bank contributes $200m to MSMEDA, including $50m for new venture capital
Gamea confirmed that the agency will continue to implement its strategy to support youth projects, and provide all aspects of financial, technical, and marketing support for these projects. She noted that the MSMEDA will continue to cooperate and coordinate with all ministries and state agencies involved in the small enterprise sector in order to advance this sector and expand its financing and participation in the country’s economy.
Makram kicks off “Survival Boats” campaign to fight illegal migration
The project’s finance granted by AFD
Authority has financed 545,000 small and micro projects, creating 850,000 jobs in last two years, says Gamea
Banque du Caire’s microfinance portfolio reaches EGP 6.5bn benefiting 240,000 customers, targeting EGP 7bn by year-end, says Fayed
It aims to provide favourable climate for SME growth, says Gamea
MSMEDA to provide necessary financing to owners of small industrial projects
GAFI to extend its protocol with CAPMAS to facilitate founding of new firms
Since its inception, agency has provided EGP 6.4bn worth grants to implement labour-intensive projects
Egyptian-Emirate relations stronger than ever, says Gamea
Egypt to reach new economic heights under Al-Sisi’s leadership: Deputy Minister Yun
Governorate seeks to cooperate with agency to help young graduates implement projects, become entrepreneurs, said Al-Hagan
Women obtainment of micro funding amounts to 80%, says Nasr
Gamea reviews agency’s most prominent future trends to collect more funding, draft new law for development of SMEs, microenterprises
Total of 203,000 small, micro projects with EGP 2.2bn funding, providing 291,000 jobs
The Micro, Small and Medium Enterprises Development Agency (MSMEDA) has signed a memorandum of understanding (MoU) with the International Labour Organization (ILO) to launch training programmes for Egyptian youth on modern methods to run their small and medium-sized enterprises (SMEs). The agreement, signed by the MSMEDA Executive Director, Nevine Gamea, and the ILO’s Acting Director …
Agency injected funding worth EGP 45.8bn since its launch in 1992 until end-January ‘19
‘We are anticipating president’s approval on several deals of $200m with World Bank, €50m with AFD, €30m with KfW, €27m with EU,’ says Gamea