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FINANCIAL NEWS
Egypt’s Micro, SMEs ink 2 deals with Suez Canal Bank at EGP100mn
11 Sep 2017
(MENAFN) Micro, Small, and Medium Enterprises Development Authority and the Suez Canal Bank inked two deals worth EGP100mn in order to finance small existing and new enterprises.
Accordingly, the signing of these deals comes in line with the policy of the state and amid the framework of the plan of the authority.
In addition, there is a tendency by the Minister of Trade and Industry to support and develop small enterprises in order to offer more job chances and enhancing the standard of living.
Moreover, the first deal is worth EGP50mn will finance the purchase of new and used machinery as well as the financing of building and equipment for small projects.
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MENAFN1109201700450000ID1095842583
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