EBRD partners with EFG Holding to support MSMEs in Egypt
Egypt, Sept. 22 -- The European Bank for Reconstruction and Development (EBRD) is stepping up its support for micro, small and medium-sized enterprises (MSMEs) in Egypt by providing a US$ 40 million (€35 million) loan to EFG Holding.This transaction marks the first EBRD facility extended directly to EFG Holding.The funds will be channelled through eligible subsidiaries of EFG Finance, the group's non-bank financial institution (NBFI) platform, to businesses in rural areas and outside of Egypt's principal urban centres where it is hardest to access finance. By addressing these financing gaps and supporting an underserved segment of the economy, the investment will help to increase private-sector activity and strengthen economic resilie...
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