Egypt: Draft Law of Small and Medium Sized Enterprises
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    12-Oct-2018

  • Egypt: Draft Law of Small and Medium Sized Enterprises
  • Source :
CAIRO – The Secretary-General of Small and Medium Sized Enterprises in Egypt, Ms. Niveen Jamei, announced that it is expected to review the final version of the draft law of Small and Medium Sized Enterprises (SMSE), before being sent to the Council of Ministers.

In a speech during the Conference of People and Banks, Ms. Jamei added that the General Secretariat of Small and Medium Sized Enterprises has reviewed the draft law and discussed it with official from the Central Bank, pointing out that it will include facilitations to encourage banks to finance technology projects.

Ms. Jamei explained that the law will also encourage the banks to deal with non-banking financial sector, pointing out that the law has set some articles including the unified definition of small projects without specific numbers. 
 
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