MSMEDA pumps LE 6.8B to 222K small, micro projects during 2022
The Micro, Small, and Medium Enterprise Development Agency (MSMEDA) made available financing for small and micro enterprises at a value of LE 6.8 billion, during 2022, according to the agency’s CEO, Basil Rahmi
Rahmi added that these funds contributed to establishing and expanding the activity of about 222,000 projects, and providing more than 367,000 job opportunities.
This came during a meeting held by Prime Minister Mostafa Madbouli, with the CEO of the MSMEDA, to follow up on a number of the agency's work files.
During the meeting, Rahmi referred to the non-financial services provided by the agency, explaining that the one-stop shop services included, during 2022, the issuance of 5,573 final licenses for new projects, and 2,803 final licenses to reconcile the situation, while it issued 7,390 temporary licenses for new projects, and 5,205 temporary licenses to reconcile the situation.