Skip to main content

Signal in the noise.

National Bank of Egypt and MSMEDA Partner Up to Boost SME Support and Entrepreneurship

The National Bank of Egypt (NBE) and the Micro, Small and Medium Enterprises Development Agency (MSMEDA) have teamed up in a new partnership. This collaboration is a fantastic example of how financial and development organizations can work together effectively to support small and medium-sized businesses and foster entrepreneurship.

1 min read
National Bank of Egypt and MSMEDA Partner Up to Boost SME Support and Entrepreneurship
Mohamed El-Etreby, CEO of the National Bank of Egypt, and Basel Rahmy, CEO of the Micro, Small and Medium Enterprises Development Agency (MSMEDA), have signed a Memorandum of Understanding. This agreement aims to strengthen the ties between Egypt's developmental and financial institutions and boost joint cooperation. The goal is to provide even more support to micro, small, and medium-sized enterprises (MSMEs), significantly enhancing the Egyptian economy's competitiveness. The signing ceremony was also attended by Soha El-Torky, Deputy CEO of the National Bank of Egypt; Nader Saad, Executive Head of SMEs at the National Bank of Egypt; Mohamed Medhat, Deputy CEO of MSMEDA; Dr. Raafat Abbas, Supervisor of Development Sectors at MSMEDA; Sameh Gweida, Head of Media at MSMEDA; and several other leaders from both the bank and the agency.

NBE's Role in Supporting the Economy

Related editorial

  • Ahmed Ameer (Asphalt & Sinbad) Explains Egypt's Shift to Smarter Line Haul Pricing

    Startups and Entrepreneurship

    Ahmed Ameer (Asphalt & Sinbad) Explains Egypt's Shift to Smarter Line Haul Pricing

    Egypt's inter-city logistics market is undergoing a significant transformation in how 'Line Haul' services are priced. Entrepreneur Ahmed Ameer explains that the industry is moving away from older methods like per-invoice or per-bag pricing towards a more modern 'per-shipment' model. This exciting shift makes logistics services much easier to measure and scale, ultimately boosting operational efficiency and helping businesses manage their costs more effectively.

    Jul 21, 20262 min read
  • Bank NXT and EFG Hermes Launch Egypt's First Card to Blend Daily Spending with Investments

    Technology and Innovation

    Bank NXT and EFG Hermes Launch Egypt's First Card to Blend Daily Spending with Investments

    Bank NXT and EFG Hermes have teamed up to launch Egypt's first co-branded credit card. This innovative card, designed specifically for EFG Hermes ONE clients, uniquely brings together banking and securities brokerage services, offering a seamless financial experience that connects everyday spending with investment growth.

    Jul 21, 20263 min read
  • e& Egypt Launches 'She Blooms' Program to Empower Women Leaders

    Startups and Entrepreneurship

    e& Egypt Launches 'She Blooms' Program to Empower Women Leaders

    The 'She Blooms' program is a fantastic new initiative designed to help women professionals at e& Egypt build strong leadership skills and boost their career resilience. It creates a supportive space for mentorship, sharing experiences, and open discussions.

    Jul 21, 20262 min read