Lack of financing hinders SMEs in Egypt

The main challenge facing small- and medium-sized enterprises (SME) in Egypt is obtaining required financing, according to banking experts at the first session of the SME Banking Conference for 2016 held on Monday. SMEs represent a fundamental pillar of the Egyptian economy, according to Hala El-Saeed, dean of the Faculty of Economics and Political Science. All sectors should be supported to push economic development, she said.