MSMEDA injects over EGP 500m into MSME financing in January 2025: CEO

The Micro, Small, and Medium Enterprise Development Agency (MSMEDA) provided over EGP 500 million in financing for MSMEs in January 2025, in collaboration with leading banks and financial institutions, alongside direct funding through its branches across Egypt. This initiative aligns with the government’s strategy and the directives of the Prime Minister and MSMEDA Chairperson to support small businesses and empower entrepreneurs nationwide.

Basel Rahmy, CEO of MSMEDA, announced that the agency signed an EGP 300 million contract with Banque Misr under the Tamkeen Microfinance 2 project, enabling financing for approximately 3,000 microenterprises. He highlighted that loan amounts can reach up to EGP 500,000 per beneficiary, leveraging the bank’s extensive network across governorates, villages, and districts. Notably, 40% of this funding is earmarked for industrial projects, agricultural manufacturing, and efforts to formalize informal businesses.