JICA, Banque Misr, SMBC sign MSME Facility Agreement worth $100M

JICA, Banque Misr, SMBC sign MSME Facility Agreement worth $100M

During the ceremony - Press photo







CAIRO – 4 April 2021: The Japan International Cooperation Agency (JICA), Sumitomo Mitsui Banking Corporation (SMBC) and Banque Misr signed Sunday a loan agreement worth $100 million to support Micro, Small and Medium Enterprises (MSMEs) in Egypt.

 

This came during a ceremony to celebrate the agreement and distribute the tombstones by JICA, according to an official statement.

 

The ceremony was chaired by Chairman of Banque Misr, Mohamed El Etreby, Deputy Chairman of Banque Misr, Akef El-Maghraby, Director, Treasury and Financial Institutions of Banque Misr, Mostafa Gamal, Chief Representative of JICA Egypt Office, OMURA Yoshifumi, and Regional Head of Middle East of SMBC, Jun Saito.

 

It was witnessed by the Ambassador of Japan to Egypt, NOKE Masaki, and Director General of Middle East and Europe Department of JICA, MATSUNAGA Hideki, and Former Minister of Higher Education and JICA Advisor, Hany Helal.

 

JICA noted that