SMEs
Continuing his structured dialogue with the Federation of Egyptian Industries (FEI), Egypt’s Minister of Industry Khaled Hashem met with the board of the Chamber of Engineering Industries to review their upcoming work plan. He highlighted the sector’s strategic importance as a cornerstone of the country’s industrial base.
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US importers have cut orders from Hong Kong firms and shifted to short-term contracts amid a global oil crisis triggered by war in the Middle East. Business leaders warn of eroding profit margins and strained liquidity, urging the government to bolster ties with Central Asia and Asean nations to diversify market risks. Executive Council member Jeffrey Lam Kin-fung said the situation will impact SMEs' cash flow.
Commercial International Bank Egypt (CIB) has launched the Women in Business Empowerment Programme, developed with the European Bank for Reconstruction and Development (EBRD) and supported by the European Union’s Financial Inclusion Initiative. The initiative aims to boost women's economic participation and enhance their business growth and competitiveness, aligning with Egypt Vision 2030 and the United Nations Sustainable Development Goals.
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Commercial International Bank (CIB) has won The Banker’s Bank of the Year 2025 award for Egypt, recognized for the swift growth of its factoring subsidiary and expanded sustainable lending to small and medium-sized enterprises. The bank's factoring arm, Commercial International Finance Company (CIFC), reached a portfolio over EGP 4 billion by June 2025. This milestone follows CIFC's launch in early 2024.
Coval Servicios Financieros has announced its entry into the Colombian market through a strategic alliance with fintech Klym, aiming to provide financing access to over 1.5 million micro, small, and medium enterprises (SMEs). The company projects double-digit growth in annual financed volume by the end of 2025 compared to 2024. This initiative seeks to bolster the liquidity of SMEs, which make up 99.5% of the country's productive fabric.