Cairo – Mubasher: The Egyptian Micro, Small, and Medium Enterprise Development Agency (MSMEDA) has increased its funding by five times to reach more than EGP 27 billion in six years, MSMEDA’s executive director and the minister of trade and industry, Nevine Gamea, said.
From July 2014 to April 2020, MSMEDA financed over 1.267 million micro and small enterprises with EGP 27.1 billion, representing 60% of the total funding injected into this sector from January 1992 to the end of last April, Gamea added in a statement on Wednesday.
The agency also provided non-financial services to owners of these projects, offering single-window services to above 360,000 enterprises in all governorates. In addition, 15,800 exhibitors participated in 797 forums and achieved sales and contracts worth EGP 262 million.
