Empowering Small Projects: Egypt witnesses growth in microenterprise funding

Egypt's microenterprise sector has witnessed a substantial increase in project funding, with total allocations reaching LE42.6 billion by the end of July in the current year. This marks a significant growth from the LE33.3 billion recorded in July 2022.

Project funding in the microenterprise sector has been disbursed across various industries. The commercial sector secured the highest share at 59.21 percent, followed by the agricultural sector at 20.25 percent, the services sector at 13.85 percent, and the productive sector at 6.69 percent.

Companies accounted for 62.64 percent of the total funding, while associations and civil society organizations of Class A received 33.94 percent of the total funding. Class B and Class C organizations secured 1.38 percent and 2.04 percent of the total funding, respectively.