Kredit's New USD 2Mil Fund to Fuel SME Growth in Egypt

Ahmed Emam, Managing Director of Kredit

Kredit, a subsidiary of GB Capital, has secured EGP 100 million (USD 2 million) in funding from Banque du Caire, aimed at bolstering Egypt’s small and medium-sized enterprises (SMEs). This financing initiative will enhance SMEs' ability to expand, increase production, and contribute to job creation, further strengthening Egypt’s economic growth.

Ahmed Emam, Managing Director of Kredit, highlighted the company's focus on providing flexible and innovative financial solutions tailored to the needs of SMEs. He emphasized Kredit's dedication to fostering SME growth, describing it as vital for the nation's economy.

In late September, Kredit also received EGP 50 million (USD 1 million) from the National Bank of Egypt (NBE), reinforcing its ongoing efforts to empower SMEs and drive development.

Source: Daily News Egypt