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Tuesday, 5 February 2019

EBRD earmarks USD 100 mn for female entrepreneurs in Egypt

INVESTMENT WATCH- The EBRD has earmarked USD 100 mn to support SMEs run by Egyptian women, Regional Principal Manager for SMEs Reem El Saady told Al Mal. The first stage of this initiative will see USD 20 mn disbursed to the National Bank of Egypt and agreements with QNB and AlexBank have already been signed, El Saady, said without specifying their value. EBRD has invested a total of EUR 1.5 bn in 19 projects nationwide making Egypt the single greatest recipient of its funding in 2018.

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