MSMEDA marks 35 years with EGP 79.6bn in financing

27 Mwezi wa sita, 2026

Imeripotiwa na AI

The Micro, Small and Medium Enterprise Development Agency has provided EGP 79.6 billion in financing since its founding in 1991, supporting over four million projects and creating 6.8 million jobs.

Bassel Rahmy, chief executive officer of the Micro, Small and Medium Enterprise Development Agency, made the remarks on the agency's 35th anniversary. The financing covers projects in industry, agriculture, services and trade across all Egyptian governorates.

More than 82 percent of the total, or EGP 62.4 billion, was disbursed between 2014 and April 2026. The agency also allocated EGP 7.1 billion for infrastructure, community development and training.

Rahmy highlighted partnerships with the United Nations Development Programme and other institutions. He noted nearly equal participation by men and women among beneficiaries and urged young graduates to utilise available financing services.

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Jumatano, 24. Mwezi wa sita 2026, 08:51:38