MSMEDA and World Bank agree Egyptian SME findung package

The Micro, Small and Medium Enterprise Development Agency (MSMEDA) has signed a $200 million agreement with the World Bank to invest in SMEs in Egypt through intermediaries.: banks, microfinance institutions and non-bank financing institutions such as financial leasing companies, factoring companies, and NGOs. The agreement includes establishing a $50 million venture capital facility to finance early-stage firms.