Shafie was speaking during a meeting of the committee with the Egyptian Businessmen’s Association (EBA) in the presence of chairperson of the Egyptian Microfinance Federation (EMF) Mona Zulficar to probe means of boosting joint cooperation in terms of financing small, medium and micro-sized ventures.
He said that the Egyptian banks are having a growing attention to secure funds, as well as non-banking services such as training, consultations and feasibility studies.
Shafie welcomed cooperation between the EBA and EMF to deliver services to SME companies and address challenges facing them.
The EBA and EMF are also working together to boost awareness of the importance of economically empowering women and youth to help reduce unemployment and poverty rates, he noted.
Shafie said his committee acts to support SME companies in their efforts to find solutions to challenges and to boost their financial capabilities so that they could expand and grow.
