MSMEDA and Aman Holding Launch EGP 300M Fund to Boost Egyptian SMEs

Egypt’s Micro, Small, and Medium Enterprises Development Agency (MSMEDA) has signed a new EGP 300 million financing agreement with Aman Holding, part of Raya Holding’s portfolio, in a move aimed at boosting small and medium-sized enterprises across the country. The funding is set to reach businesses in all governorates, with a focus on supporting growth, jobs and formalisation.

The agreement was signed by Bassel Rahmy, CEO of MSMEDA, alongside Eng. Hazem Moghazi, Co-CEO of Business and Commercial Affairs at Aman Holding, and Ayman Basyouni, the company’s Chief Financial Officer. Senior officials from both sides attended the ceremony, signalling the weight behind this partnership.

Rahmy described the deal as part of MSMEDA’s wider strategy to work more closely with financial institutions in order to expand economic inclusion, particularly for women and young entrepreneurs. According to his remarks, the fresh capital will help business owners modernise operations, improve product quality and remain competitive in the long run. He also pointed to the importance of encouraging informal businesses to enter the formal economy, allowing them to benefit from incentives under Egypt’s SME Law 152/2020 and the more recent Law 6/2025, which offers tax advantages.

From my years covering startups in the region, I’ve seen how access to structured financing can be a real game changer. Many early-stage founders tell us at Arageek that navigating the leap from informal hustle to licensed operation can feel like a bit of a faff. That said, when the right incentives and funding lines are in place, the shift can be spot on for scaling sustainably.

Rahmy added that the partnership supports the state’s broader economic plan, particularly efforts to reduce imports and increase exports by strengthening local production capacity. In simple terms, if SMEs can produce better and more competitively, Egypt buys less from abroad and sells more overseas — well… that’s the idea, anyway.

For Aman Holding, the agreement fits into its expansion strategy in SME finance. Moghazi expressed pride in renewing cooperation with MSMEDA, saying the step underlines Aman’s commitment to Egypt’s business environment. He noted that Aman operates through a network of 233 branches nationwide and aims to deliver innovative financing solutions to enterprises of different sizes, with a strong focus on SMEs.

He also highlighted the shared ambition to empower youth and generate new jobs, contributing to what he described as Egypt’s comprehensive economic development. On the flip side, access to finance alone is not a silver bullet, I’m not a fan of pretending money solves everything, but it is definately a strong starting point when paired with regulatory support and sound business planning.

Aman Holding positions itself as one of Egypt’s integrated fintech groups, with activities spanning electronic payments, financial services, project finance and securitisation. The company says it provides more than 2,000 financial services, many tailored for citizens who do not hold traditional bank accounts. That focus on financial inclusion has been central to Egypt’s digital transformation narrative over the past few years.

For entrepreneurs watching this space, the takeaway is clear. Public-private cooperation in financing is not just ticking a policy box; it is becoming a core tool in shaping the next wave of SME growth. And believe it or not, in a market as dynamic as Egypt’s, these structured funding channels can be the difference between a small workshop staying small, or scaling into a national player.

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