Wednesday
June 3
2020

Egypt’s Msmeda Aims to Finance 200k Micro Projects With $187.2M in 2020

The Micro, Small, Medium, and Micro Enterprises Development Agency (MSMEDA) aims to provide EGP 3bn in funding to 200,000 micro projects this year, according to Minister of Trade and Industry Nevine Gamea.

In a statement, Gamea, who is also Executive Director of MSMEDA, said the agency has already provided EGP 3.5bn in funding to about 240,000 micro projects between January 2019 and April 2020. The micro-projects have created about 360,000 jobs across the country.

Photo courtesy of Alex Block.

Source: Zawaya (link opens in a new window)

Categories
Finance
Tags
business development, funding, microenterprise, NGOs, small and medium enterprises