The local development fund has approved the implementation of 2,046 small and micro enterprises as of the current fiscal year 2015-16 at investments of EGP 13 million, Local Development Minister Ahmed Zaki Badr said Thursday.

The fund will provide EGP 11 million in loans and the borrowers will contribute with EGP 2.1 million, Badr said.

The livestock ranked first at 1,628 projects, followed by the foodstuffs outlets at 98 ones.