Egypt Today A memorandum of understanding (MoU) to support local businesses was signed between the Egyptian Micro, Small, and Medium size Enterprises Development Agency (MSMEDA) and Amazon Egypt on Tuesday. Under the partnership, Amazon Egypt will support MSMEDA-registered businesses, which are interested in distributing their products to millions of customers …
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Doaa Moneim – Ahram Online HSBC Egypt has launched on Tuesday a new fund called ‘Forsa Fund’ (opportunity finance) worth £E3 Billion, to support Egyptian small and medium size enterprises (SMEs) in the industrial and service sectors. “The fund is designed to help strong Egyptian businesses with bold visions to …
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Cairo – Times of Egypt Egyptian start-up delivery service ‘1Trolley’ was named by the European Bank for Reconstruction and Development (EBRD) a winner of ‘The Start-up Innovation Challenge’ on Thursday. The EBRD initiated the ‘The Start-up Innovation Challenge’, as its first online competition for high potential start-up ventures. The challenge …
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Doaa Moneim – Ahram Online The Egyptian Ministry of Planning and Economic Development, in collaboration with Facebook and Rise Up, announced, on Thursday, launching the ‘SMEs Business Bot’, a platform which supports small and medium-sized enterprises (SMEs) in the Middle East and North Africa (MENA). Rise Up will manage the …
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Egypt Today The European Bank for Reconstruction and Development (EBRD) announced on Thursday, investing up to US$ 50 Million in Lorax Capital Partners (LCP) Fund II. EBRD clarified that this fund aims to boost the resilience of the financial sector in Egypt and support equity financing to small and medium-sized businesses. “Equity fundraising is …
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Doaa Moneim – Ahram Online “The United Nations Development Programme (UNDP) and the Japanese government will expand an existing partnership supporting Egypt’s crisis management, addressing the socio-economic impact of COVID-19 with funding of around $2.73 Million”, the two sides announced on Tuesday. They discussed future steps for a development project …
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Doaa Moneim – Ahram Online The European Bank for Reconstruction and Development (EBRD) is supporting the Egyptian economy with a $200 Million financing package to Banque Misr. The pack is aimed to support trade and on-lending to small and medium-sized enterprises (SMEs), and private businesses impacted by the COVID-19 crisis, …
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Egypt Today The Nilepreneurs initiative has launched a new program in cooperation with Banque du Caire to help small and medium-sized enterprises (SMEs) promote their products online through e-commerce channels. “The new program was launched in line with the recent global developments”, director of the centres of excellence for export …
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Ahram Online The Egyptian Exchange (EGX) indexes continued collective gains amid transactions on Tuesday, backed by purchases of local institutions and investment funds. The market capital gained 6 Billion Egyptian pounds to hit £534.9 Billion. EGX 30 benchmark index jumped 1.02%, registering 9,618.97 points. While EGX 70 EWI index …
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Hanan Mohamed – Egypt Today Egypt and Switzerland signed three memoranda of understating (MoU) to strengthen bilateral investments, improve higher education, and develop the structure of the public sector business. This is achieved at the Egyptian-Swiss Investment Forum, organized by the General Authority for Investment and Free Zones in …
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