Login
- Forgot your password
Login
Login
Sign Up
Home
Franchise Directory
Financial Institutions
Services Providers
News & Events
Franchising Info
Contact Us
Franchising Your Business
Looking for a franchise
Archive News
>>
50 Million EGP for Industrial Enterprises
50 Million EGP for Industrial Enterprises
17/02/2015
SFD Managing Director Ms. Soha Soliman and Chairman of Industrial Development and Workers Bank of Egypt (IDWBE) Mr. Al Said Al Kosair attended the ceremony of signing two new contracts between SFD and the Bank totaling 50 million EGP funded through l’Agence Française de Développement (AFD).
SFD Head of the Central Sector of Small Enterprise Finance Ms. Neveine Gamea and IDWBE Board Member Mr. Hamdy Azzam signed the contracts. Both contracts are designed to finance start-up and existing industrial small enterprises through the IDWBE branches covering the governorates of Egypt. "These contracts come in line with the SFD’s strategy to upgrade the small enterprise sector in Egypt. They are expected to establish 75 start-up industrial enterprises and create more than 1200 jobs," Ms. Soliman said. "Priority will be given to the poorest areas in Upper Egypt’s governorates," she added.
IDWBE is one of the SFD strategic partners especially during the period from 2012 -2014 that witnessed the signing of 7 contracts in the amount of 252.5 million EGP. These contracts have insofar contributed to the financing of more than 440 enterprises in numerous economic sectors: agribusiness, industrial production, subsidized bakeries and others.
Related News
Papa John’s Announces First Quarter 2020 Results And Provides Business Update In Response To COVID-19 Pandemic
McDonald’s Is Set to Lose $3.4 Billion in Value After the CEO Was Fired Over a Relationship With a Subordinate
Papa John’s Ex-CEO Says He Ate More Than 40 Pizzas in 30 Days and That ’The Day of Reckoning Will Come’
KFC Enlists RoboCop to Protect Secret Recipe in New Campaign
Dunkin’ Donuts Announces Big Rebrand. 3 Things to Know Today.
Archive News
Soha Soliman Appointed SFD Managing Director
Soha Soliman: More than 1900 Small Enterprises to be Established
Social Fund for Development and Visa International Service Association Sign a Cooperation Protocol
SFD Holds National Franchise Expo 2014 in cooperation with EJB
Furnex Egypt 2015
View All Archive News