Egyptian Prime
Minister Mustafa Madbouli underlined the role of the Micro Small and Medium
Enterprises Development Agency (MSMEDA) in achieving development targets in
Egypt, including disseminating the culture of entrepreneurship and creating new
jobs.
Madbouli made the
remarks during a meeting with MSMEDA CEO Basel Rahmi to follow up on the
agency’s efforts over the past period and its future plans.
Rahmi said the
agency managed to secure 319,100 jobs in the period from January 2023 to
February 2024 in addition to offering services to about 173,000 small and micro
projects.
As for the
non-financial services, Rahmi said the agency held 614 training courses on
entrepreneurship.
He added that the
agency managed to secure 141 million pounds as grants for infrastructure,
social development and training projects in the aforementioned period.
He highlighted the
agency’s efforts to empower women economically and socially, noting that 45
percent of the projects backed by the agency were set up by women.
He also reviewed the
agency’s efforts to fully digitize its services and activities.
Rahmi said the
agency contracted with eAswaaq Misr to managed the agency’s platform.
He added that the
agency is cooperating with development partners, like communications companies,
to establish an interactive national platform for MSMEs.
Source: The Egyptian
Gazette
