The Egyptian Federation for Micro, Small and Medium Enterprises Finance has denied the accuracy of circulating rumors about several financing entities in the sector halting their operations. The Federation confirmed that this information is not based on any official decisions or data issued by the competent authorities. The Federation clarified that the circulating news about some financing entities stopping their work is incorrect. It urged everyone to verify information carefully before sharing any details related to the status of institutions operating in the small and micro-enterprise financing sector, and not to follow rumors or unofficial sources. The Federation stressed that any decisions or updates concerning financing entities are announced exclusively through the General Authority for Financial Supervision (FRA), as it is the official body responsible for regulating and monitoring financing activities. It emphasized that the FRA's data represents the accredited source for obtaining information related to the sector. The Federation highlighted the importance of relying on official channels to follow developments in the micro, small, and medium enterprise financing market. This ensures the circulation of accurate information and helps maintain the stability of the sector and the trust of its stakeholders.
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