El-Sisi: EGP200bn to be injected into SMEs

Cairo – Mubasher: President Abdel Fattah El-Sisi said Saturday that a total of EGP 200 billion ($25.5 billion) will be injected by the banking sector to support the small and medium-sized enterprises (SMEs) this year.

The statement came during the president's speech at the Egyptian Opera House.

The banking sector will provide financing for around 350,000 companies, which will likely create nearly 4 million jobs.

Mubasher Contribution Time: 09-Jan-2016 11:10 (GMT)