|Approval Date||13 Apr 2009|
|Signature Date||17 Nov 2009|
|Planned Completion Date||31 May 2015|
|Last Disbursement Planned Date||01 Dec 2013|
|Sovereign / Non-Sovereign||Sovereign|
|DAC Sector Code||32130|
The Franchising Sector Support Program (FSSP) seeks to promote franchising in Egypt as an effective business strategy for private sector development and SME growth. This program will encourage the establishment and expansion of the local franchising concept, resulting in entrepreneurship development, economic growth, and job creation. The medium-term objective of the FSSP will be to establish solid local financial instruments and collaborative structures that address the current gaps in the franchising market. The project comprises two interlinked components: (i) debt financing through a senior loan of USD 40 million to the Government of Egypt (GoE), channelled through SFD to local financial institutions (FIs) and onward to franchisees; (ii) capacity building of local stakeholders (SFD, Egyptian Franchise Development Association, Financial Institutions, consultants, lawyers, judiciary), with specific support to the SFD’s Franchising Unit, and with subsequent support to franchisors to ensure that sound local and foreign franchise concepts.
The overall objective of this project is to address the constraints limiting the growth of the franchise market and establish franchise support mechanisms. Overall, the Franchising Program is an initiative with high development impact and high commercial visibility that is expected to create 375 franchise outlets, over 7,000 direct jobs (and a larger number of indirect jobs in the value chain), and will increase the number of SMEs operating in the formal sector. It will also bring technology transfers to SMEs, foster increased productivity and export potential, and thereby increase government revenues.
The main beneficiaries of the project are: the Government of the Arab Republic of Egypt, the Social Fund for Development (SFD), the Micro and Small Enterprises.
Fund for African Private Sector Assistance
Fonds Social pour le Développement (SFD)
|Last Update||31 Oct 2019|