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Thursday, 25 June 2020

Sanad Fund lends Export Development Bank of Egypt USD 15 mn for MSME funding

Sanad Fund lends Export Development Bank of Egypt USD 15 mn for MSME, agribusiness funding: The Export Development Bank of Egypt (EBE) is receiving a USD 15 mn medium-term loan from German Development Bank KfW’s Sanad Fund to on-lend to MSMEs and agribusinesses, according to an EGX disclosure (pdf). The Sanad Fund last provided the EBE with a USD 10 mn loan in 2018 to expand financing and technical support to SMEs.

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