MSMEDA Disburses LE 57.5 Billion in SME Project Funding Over 11 Years

The Micro, Small and Medium Enterprise Development Agency (MSMEDA) has announced that it has disbursed a total of LE 57.5 billion in project funding to micro, small, and medium enterprises from July 2014 through May 2025. The figure, representing a marked increase from pre‑2014 levels, highlights MSMEDA’s intensified commitment following directives from President Abdel Fattah El‑Sisi.

According to MSMEDA CEO Bassel Rahmy, the agency’s investment has supported the creation of over 3.4 million jobs across Egypt, with nearly half of funds - 47% - allocated to governorates in Upper Egypt to spur regional development. The announcement, made to coincide with World MSME Day on June 27th, emphasised the agency’s multifaceted approach: combining accessible funding schemes with entrepreneurship training, tax incentives, informal sector regularisation, and licensing services. Technical support and marketing platforms such as 1,441 exhibitions - including one that drove over LE 2.1 billion in sales - further underscore MSMEDA’s ecosystem-building efforts.

MSMEDA also flagged key 2025 milestones, including the rollout of Law No. 6, which simplifies tax reporting for SMEs with turnover up to LE 20 million. The law enables a tiered turnover tax starting as low as 0.4%, alongside stamp duty waivers.