Egypt adopted a draft bill for SME’s financing 2
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Juli Choquet
Monday 15 January 2018 Last update on Monday, January 15, 2018 At 4:13 PM

The Ministry of Trade and Industry Tarek Kabil announced that a new bill was adopted to finalise SME’s development and financing.

The Ministry of Trade and Industry Tarek Kabil.

The measure accorded to enterprise project management could represent 80% of the economic structure. M Kabil is targetting small and micro-enterprises. This is part of the new strategy of the country to promote job offers by developing SME’s governmental turned policy. Innovation could be a central place of the new called strategy as well as Young’s skills, justice and social integrity.

Last year the Egyptian Authority injected 2,24 billion of euros into different projects with economic and social advantages.

The entrepreneurial and the SME’s development is in Egypt under the Ministry of Trade and Investment supervision. To fight against approximately 12% unemployment rate, the Egyptian government must have a balanced approach that preserves the economic growth.

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