Egypt’s Micro, Small and Medium Enterprise Development Agency announced the signing of two financing agreements with Tadbeer Leasing and Factoring worth a total of EGP 200 million to
Egypt’s Micro, Small and Medium Enterprise Development Agency announced the signing of two financing agreements with Tadbeer Leasing and Factoring worth a total of EGP 200 million to support small and medium-sized enterprises through leasing and factoring solutions.
The signing ceremony was attended by Bassel Rahmy, CEO of MSMEDA. The agreements were signed by Mohamed Osama Bakry and Ahmed Kamal Selim, in the presence of Mohamed Medhat and Amir Kyrillos.
Bassel Rahmy said the agency continues implementing the directives of Mostafa Madbouly to expand access to diversified financing solutions for SMEs, helping businesses grow, expand operations, and create sustainable jobs.
He noted that financial leasing is one of the most effective financing tools for industrial and productive businesses, enabling companies to finance machinery, equipment, and operational assets through flexible and long-term payment structures.
The new financing will support the acquisition of machinery, spare parts, vehicles linked to economic activities, and medical equipment for clinics and pharmacies through lease-to-own financing solutions.
Rahmy also highlighted the role of factoring services in improving companies’ cash flow, particularly for exporters and manufacturing businesses, by providing immediate liquidity against outstanding invoices.
For his part, Ahmed Kamal Selim praised MSMEDA’s role in supporting Egypt’s SME sector and strengthening productive economic activity.
He revealed that MSMEDA had previously provided Tadbeer with around EGP 110 million in financing since the partnership began in November 2023, adding that the new agreement represents another milestone in expanding financing for productive sectors.
Selim added that Tadbeer has provided more than EGP 2.4 billion in financing across multiple governorates over the past three years through leasing and factoring activities.
He stressed that SMEs remain the backbone of Egypt’s economic growth, emphasizing that flexible financing solutions are essential to supporting investment, business expansion, job creation, and the country’s target of increasing Egyptian exports to $100 billion.
