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JLCC
- March 14, 2024
Basil Rahmi, CEO of the Enterprise Development Agency, witnessed the signing of two contracts between the agency and Aman Company to finance microprojects in the amount of 160 million pounds. The first contract, in the amount of 100 million pounds according to the microfinance project to finance all target groups in all governorates, and the second contract, in the amount of 60 million pounds allocated. For women in all governorates within the framework of the Women’s Support for Microfinance Project.
The contracts were signed by Nevin Badr El-Din, Head of the Central Microfinance Sector at the Enterprise Development Authority, with Engineer Hazem Maghazi, CEO of Business and Commercial Affairs at Aman Holding, and Mr. Ayman Bassiouni, CEO and Managing Director of Aman Project Finance Company.
“Rahmi” stressed that the signing of these contracts comes as a beginning for implementing the agency’s work plans during 2024, in line with the state’s directions to expand financing for micro-enterprises and contracting with a larger number of companies specialized in this financing, which reflects positively on access to all citizens, especially women, in various governorates. And focusing on Upper Egypt and the border areas, to help them start new projects or develop their existing projects, which contributes to improving their standards of living.
Rahmi added that these contracts will finance about 6,400 clients in all governorates working in various commercial, service and agricultural sectors, focusing on productive and industrial projects because of their ability to meet the needs of local markets and work to reduce imports.
In turn, Engineer Hazem Maghazi, CEO of Business and Commercial Affairs at Aman Holding, expressed his happiness with the continued fruitful cooperation with the Enterprise Development Agency, as this cooperation shows Aman’s commitment to supporting innovation in the local economy, pointing to the company’s aspiration to continue cooperation with the agency in the future, With the aim of increasing the chances of success of small projects in the largest number of governorates.
Maghazi stressed that this achievement enables the company to strengthen its role in growth and job creation in Egypt, and embodies the company’s keenness to support entrepreneurs and achieve their ambitions in the field of small projects.
This confirmation comes in light of the company’s success in providing significant financing during the past period in the Egyptian market, which reflects the continued commitment to supporting small and medium enterprises and economic infrastructure in Egypt.