19 Hrs
Source:
المصدر
Central Bank Reports 410% Growth in Small Business Loans
The article focused on the growth of funds for medium, small, and micro enterprises in Egypt, which have increased by 409% since 2015 up to June 2026, reaching over 107 billion Egyptian pounds. These projects are considered essential to the Egyptian economy, representing 99.3% of all establishments and generating about 82% of employment opportunities, with the unemployment rate declining from 9% to 6%. The government and banking sector have also implemented measures to improve access to financing, allocate larger portions of credit portfolios to fund these projects, and emphasize empowering women and facilitating the transition of informal projects into the formal economy.
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