Cairo – Mubasher: Egypt's Ministry of Trade and Industry’s (MTI) Small and Medium Enterprise Development Authority (SMEDA) has signed two contracts with Suez Canal Bank to fund new projects with EGP 100 million.
The first contract aims to fund projects with new and used machines, as well as fund the construction and preparation of the small-sized projects with EGP 50 million, CEO of the SMEDA Niveen Gamea said.
The second contract seeks to fund the business current expenses with EGP 50 million through debt ceiling system.
