Egypt’s central bank has opened 2016 with two moves that could mean a lot to tech startups - or nothing at all.
In December 2015 the Central Bank of Egypt (CBE) changed its definition of SMEs and in early January this year it changed the rules around bank lending - stipulating that at least 20 percent of any bank’s loan book had to be to SMEs by the end of 2020 - as a stimulus package for 350,000 small and medium businesses.