Tag: SMEs
Al Baraka Bank Egypt, IFC partner to support SMEs
The multilateral bank’s $50 million Murabaha finance to Al Baraka Bank Egypt will allow the bank to increase financing to thousands of SMEs in the country.
Banque Misr secures $234 million from IFC to support SMEs
The loan to Banque Misr will catalyse job creation in Egypt through its focus on providing financing to micro and small businesses
Mastercard, tmam partner to help GCC SMEs digitise corporate expenses
The collaboration will help small businesses digitise their corporate expenses while saving money on company spending.
Afreximbank, China Development Bank sign $400 million loan to fund SMEs
The financing will support African SMEs involved in extra- and intra-African trade and those engaged in the productive sectors in Afreximbank member states
Al Baraka Bank posts EGP 1.02 billion in profit H1 2023
The bank achieved a net profit margin of 5.2% compared to 4.3% in the first half of 2022
Crédit Agricole Egypt posts $81.2 million in H1 net profit, up 146%
The bank said its net banking income surged by more than 108% year-on-year to reach EGP 4.5 billion
UAE’s ADGM partners with Zand Bank to support SMEs
The Abu Dhabi Global Market (ADGM) said Monday that it has partnered with UAE’s Shariah-compliant digital bank Zand Bank to support SMEs in the...
Egypt’s Tadbiir Group launches non-banking financial services for SMEs
Tadbiir for Leasing and Factoring Company said Wednesday that it has launched its non-banking financial services to better support the small and medium-sized enterprises...