MSMEDA signs agreement with Outreach Egypt for entrepreneur support

The Medium, Small, and Micro Enterprise Development Agency (MSMEDA) has signed a cooperation agreement with Outreach Egypt, implementer of the Netherlands-backed Orange Corners Egypt initiative. The partnership seeks to provide integrated non-financial support services to entrepreneurs and boost Egypt's economic competitiveness. The signing took place at the Dutch Embassy in Cairo.

Bassel Rahmy, CEO of MSMEDA, and Heba El-Refai, General Manager of Outreach Egypt, signed the agreement in the presence of Peter Mollema. Senior officials from both organizations attended the ceremony at the Dutch Embassy in Cairo.

Rahmy stated that the agreement reflects MSMEDA’s commitment to advancing Egypt’s entrepreneurship ecosystem and supporting government efforts to empower small and medium-sized enterprises, in coordination with international partners. He noted that the partnership with Outreach Egypt integrates local efforts with international expertise through the Orange Corners programme, which offers advisory support to hundreds of entrepreneurs focusing on innovative and sustainable models. This aligns with directives from Mostafa Madbouly, who chairs MSMEDA, to prioritize non-financial services.

Ambassador Mollema described Orange Corners as a flagship Dutch initiative driving inclusive economic development. He highlighted that more than 50% of supported entrepreneurs are women, with emphasis on underserved areas like Upper Egypt and the Nile Delta.

Dalia El Nazer, Programme Manager of Orange Corners Egypt, said the collaboration will enhance access to support systems, unlock sustainable growth pathways, and deliver impact in Upper Egypt and the Delta.

Relaterte artikler

Bassel Rahmy, CEO of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), met with Amr Abdel Moneim, CEO of the Upper Egypt Development Authority, to bolster institutional cooperation and economic development in Upper Egypt governorates. Discussions centered on fostering an environment for new micro, small, and medium enterprises (SMEs) and enhancing existing projects through financing, technical, training, and marketing support.

Rapportert av AI

Basel Rahmy, CEO of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), affirmed the agency's intensified coordination with stakeholders to provide comprehensive support for innovators and start-ups. He made these remarks during an extended meeting at MSMEDA headquarters with 15 entrepreneurs and innovators. The support encompasses financing, technical assistance, and help with necessary documentation and approvals.

Egypt's economy grew over 5% in the first quarter of the current fiscal year, leading to coordination with the EU on future development grants. Planning Minister Rania Al-Mashat met EU Ambassador Angelina Eichhorst to discuss reforms and funding.

Rapportert av AI

Prime Minister Mostafa Madbouly witnessed the signing of a Memorandum of Understanding on Tuesday between Egypt and Sweden to boost bilateral cooperation in health and medicine. The MoU was inked by Egypt's Ministry of Health and Population and Sweden's Ministry of Health and Social Affairs, focusing on exchanging expertise and advancing healthcare systems.

 

 

 

Dette nettstedet bruker informasjonskapsler

Vi bruker informasjonskapsler for analyse for å forbedre nettstedet vårt. Les vår personvernerklæring for mer informasjon.
Avvis