Egypt's executive director of the Micro, Small, and Medium Enterprise Development Agency (MSME) said that Egypt will ink a €45 million loan deal with European Union at the beginning of 2019. In press statements on the sidelines of Africa 2018 forum, Nevine Gamea said the deal underscores the EU's continued commitment to supporting small enterprises in Egypt. Egypt has also signed a 15-million-euro grant with the EU to support infrastructure development in six governorates, including Assiut, Giza, Sharqiya, and Port Said, Gamea added. She also said the MSME's CEO will now be appointed by the Prime Minister for a four-year term. Gamea said the MSME has achieved great success with the projects it has funded, adding that it bankrolled 160,000 projects over the past six months and created 305,000 jobs. Source: MENA