Egypt: Draft SME Law to be Presented to Parliament Soon

The Chairperson of Egypt’s Micro, Small, and Medium Enterprises Development Agency has announced the Cabinet is finalising the draft SME law. Once they have approved the draft law, it will be submitted to the House of Representatives to consider. It is expected to be submitted within ten days and amongst other things will allow these entities to obtain financing which is not allowed under the existing Egypt Law No. 141/2004.

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