News Industry

Egypt, Sudan Talk About deepenning SME cooperation as delegation of both countries meet in Cairo

Egypt, Sudan Talk About deepenning SME cooperation as delegation of both countries meet in Cairo
Wednesday, 18 February 2026 14:30
  • A Sudanese delegation met Egyptian officials in Cairo to study Egypt’s SME support mechanisms, including legislation and financing programs.
  • Egypt’s MSME Development Agency (MSMEDA) outlined financial support frameworks and recent financing agreements with national banks.
  • The cooperation aligns with broader efforts to strengthen SMEs as engines of private-sector growth and job creation.

Officials from Sudan visited Cairo on 17 February 2026 to discuss micro, small and medium enterprise (MSME) support frameworks with Egypt’s Micro, Small and Medium Enterprises Development Agency (MSMEDA). The Sudanese delegation included representatives from Sudan’s Transitional Cabinet, the Ministries of Finance and Justice, and the Central Bank.

During the meetings, Egyptian officials outlined the structure and implementation of Law No. 152 of 2020 on the Development of Micro, Small and Medium Enterprises, which provides a national legal framework for SME policy and support. The law is implemented through MSMEDA, which coordinates financial and non‑financial services for enterprises across Egypt’s governorates, including through a network of regional offices.

MSMEDA presented recent financing initiatives, including an EGP 500 million funding agreement with Suez Canal Bank to expand credit to industrial and productive MSMEs across all governorates. Under the agreement, small enterprises can access up to EGP 30 million and medium enterprises up to EGP 60 million in financing for machinery, equipment, raw materials and training programmes.

Officials also reviewed broader MSME financing activity in Egypt. MSMEDA has provided significant backing to small businesses through partnerships with banks such as Banque du Caire, which has received financing agreements to support SME lending nationwide. These arrangements channel funding toward entrepreneurship, productivity enhancements and information technology projects.

Egyptian authorities outlined mechanisms for regulatory compliance support, one‑stop service models for business development, and procedures for accessing government‑backed funding as part of MSME support. Delegates were briefed on operational procedures designed to streamline the formalisation of enterprises and expand access to credit and training services across sectors.

The Sudanese delegation’s visit occurred amid ongoing policy efforts in the region to prioritise SME development as a tool for private‑sector growth and employment creation. Egypt’s SME sector accounts for a substantial share of the private economy, with MSMEs making up the vast majority of registered enterprises and contributing to output and employment, according to national economic data.

The engagement follows wider economic cooperation initiatives between Egypt and Sudan, with both governments pursuing expanded ties in trade, investment, and institutional capacity building. Pending outcomes from the discussions include potential adaptation of select SME support frameworks in Sudan’s domestic policies.

By Cynthia Ebot Takang

 

On the same topic
Banque Misr adds $1.34 million financing to Cairo 3A energy project Hybrid solar, battery, diesel system powers poultry production...
TotalEnergies seeks logistics suppliers for Mozambique LNG project Tenders cover helicopter transport and port services operations Move signals...
Nigeria urges Gulf producers to invest in its oil sector Minister says Nigeria can help diversify global hydrocarbon supply Call comes amid Middle...
Sovereign Metals signed a new rutile sales memorandum with Mitsui & Co. for its Kasiya project in Malawi. Mitsui could purchase up to 70,000 tonnes of...
Most Read
01

The BCEAO cut its main policy rate by 25 basis points to 3.00%, effective March 16. Inflation...

BCEAO Cuts Key Rate to 3.00% as WAEMU Faces Deflation
02

Ethio Telecom has signed a new agreement with Ericsson to expand and modernize its telecom netwo...

Ethiopia’s State-Owned Telco Teams Up With Ericsson to Expand and Upgrade Its Network
03

EIB commits over €1 billion for renewable energy in sub-Saharan Africa Funding supports Miss...

EIB Commits €1 Billion to Renewable Energy Under Africa’s “Mission 300” Initiative
04

MTN Zambia tests Starlink satellite service connecting phones directly from space Direct-to...

Satellite direct-to-device telecoms: promise, momentum and hard limits
05

Nigeria introduced a 1% flat tax on the turnover of informal-sector businesses under a new presump...

Nigeria Rolls Out 1% Tax on Informal Businesses Under New Fiscal Framework
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.