Cairo – Mubasher: The National Bank of Egypt (NBE) on Saturday signed a finance agreement with the Micro, Small and Medium Enterprises Development Agency (MSMEDA), North Sinai’s governor, Abul Fadil Shosha, stated, according to the Middle East News Agency (MENA).
Under the agreement, an amount of EGP 15 million was allocated to the funding of small projects in North Sinai, Shosha added.
The governor said that the amount of loans start from EGP 10,000 to EGP 2 million provided after the submittal of the feasibility study, noting that loans shall be repaid within 60 months.
