Egypt’s MSMEDA secures EGP 22bn financing for 1m projects

Cairo – Mubasher: The Micro, Small and Medium Enterprise Development Agency (MSMEDA) provided up to EGP 22 billion financing for around 1 million projects over the previous four years, the head of branches at MSMEDA said.

Since its establishment, the agency financed more than 3 million projects worth EGP 46 billion, that created 5 million job opportunities, Mahmoud Mehrez told private Egyptian TV network Extra News.

He pointed out that up to 4,311 factories across 12 governorates will be opened in the coming period.

Mubasher Contribution Time: 17-Apr-2019 08:34 (GMT)
Mubasher Last Update Time: 17-Apr-2019 08:49 (GMT)