Regulated companies, institutions inject EGP 75.436bn into 3.726 million MSMEs by end of November 2024
Regulated companies and institutions in Egypt provided EGP 75.436bn in financing to 3.726 million medium, small, and micro enterprises (MSMEs) by the end of November 2024, according to Egypt’s Financial Regulatory Authority (FRA). This represents an increase of EGP 21.309bn compared to the EGP 54.127bn provided to 3.821 million clients in November 2023.
A recent FRA report detailed that EGP 61.378bn was allocated to 3.716 million micro-projects by November 2024, up from EGP 48.549bn for 3.815 million projects the previous year. Financing for medium and small enterprises reached EGP 14.058bn for 10,300 projects, a significant increase from EGP 5.577bn for 5,600 projects in November 2023.