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.

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Egyptian President Al-Sisi shakes hands with OECD chief Mathias Cormann in Cairo during talks on economic reforms and investment.
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Al-Sisi meets OECD chief in Cairo to discuss reforms

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Egyptian President Abdel Fattah Al-Sisi met on Monday with OECD Secretary-General Mathias Cormann in Cairo to discuss strengthening economic cooperation and Egypt’s reform programme. The talks focused on boosting private sector participation and attracting investment. Cormann praised Egypt’s role in regional stability.

The Micro, Small and Medium Enterprise Development Agency (MSMEDA) is increasing cooperation with universities to equip young people with skills to start their own businesses. MSMEDA Chief Executive Bassel Rahmy made the remarks during a meeting with a student initiative. The efforts aim to promote entrepreneurship and self-employment.

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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.

Egypt's Finance Minister Ahmed Kouchouk announced that his ministry seeks to deepen ties with the Mostakbal Misr for Sustainable Development Authority to support economic growth and create sustainable jobs. The statement came during a meeting with executive director Bahaa El-Ghannam at the authority's headquarters.

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Hussein Eissa, Egypt's Deputy Prime Minister for Economic Affairs, took part in a joint Egyptian-American working session hosted by Motaz Zahran, Egypt's Ambassador to the United States. The meeting included Mohamed Farid Saleh, Minister of Investment and Foreign Trade, Samar El-Ahdal, Deputy Minister of Foreign Affairs for International Cooperation, and senior officials from the US Export-Import Bank (EXIM) and the US International Development Finance Corporation (DFC). Discussions aimed to strengthen economic and investment relations between the two countries.

Ahmed Rostom, Egypt's Minister of Planning and Economic Development, met with Abdel Aziz Al Mulla, Executive Director for Arab countries at the World Bank, and Hisham Seif, Alternate Executive Director, to explore ways to deepen cooperation between Egypt and the World Bank Group. The meeting supports Egypt's path toward comprehensive and sustainable development and the goals of Egypt Vision 2030. Discussions focused on development financing and employment programs.

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Egypt has signed a memorandum of understanding to develop and build a factory producing seawater desalination membranes using reverse osmosis technology. The deal involves the New Urban Communities Authority, CITIC Construction, and ANCOM. The initiative supports water security and reduces import dependency.

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