Egypt, Kuwait eye deeper ties as leaders discuss trade, Gaza reconstruction    Egypt issues commemorative stamps to celebrate historic Grand Egyptian Museum opening    Egypt, US, UN discuss worsening crisis in Sudan's Darfur region    Egypt advances phase II of $2m AfDB-funded Lake Victoria–Med corridor project    Oil prices drop slightly on Thursday    US cuts China tariffs to 47%    Gold price rise on Thursday    Egypt urges ceasefire in Sudan as EU denounces RSF brutality after El-Fasher's capture    Finance Ministry introduces new VAT facilitations to support taxpayers    Egypt to launch national health tourism platform in push to become Global Medical Hub by 2030    Al-Ahram Chemicals invests $10m to establish formaldehyde, derivatives complex in Sokhna    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    CBE governor attends graduation ceremony of Future Leaders programme at EBI    Kuwaiti PM arrives in Cairo for talks to bolster economic ties    Counting Down to Grandeur: Grand Egyptian Museum Opens Its Doors This 1st November    Egypt, Medipha sign MoU to expand pharmaceutical compounding, therapeutic nutrition    Egypt establishes high-level committee, insurance fund to address medical errors    In pictures: New gold, silver coins celebrate the Grand Egyptian Museum    Pakistan-Afghanistan talks fail over militant safe havens    Sisi expands national support fund to include diplomats who died on duty    Al-Sisi reaffirms Egypt's commitment to religious freedom in meeting with World Council of Churches    Health Ministry outlines medical readiness for Grand Egyptian Museum opening 1 Nov.    Egypt becomes regional hub for health investment, innovation: Abdel Ghaffar    Madinaty Golf Club to host 104th Egyptian Open    LG Electronics Egypt expands local manufacturing, deepens integration of local components    Egypt medics pull off complex rescue of Spanish tourist in Sneferu's Bent Pyramid    Egypt Open Junior and Ladies Golf Championship concludes    Al-Sisi reviews final preparations for Grand Egyptian Museum opening    Egypt's PM reviews efforts to remove Nile River encroachments    Al-Sisi: Cairo to host Gaza reconstruction conference in November    Egypt will never relinquish historical Nile water rights, PM says    Al-Sisi, Burhan discuss efforts to end Sudan war, address Nile Dam dispute in Cairo talks    Syria releases preliminary results of first post-Assad parliament vote    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



MSMEDA pumps EGP 36bn to finance 1.4 million small, micro projects within 7 years
MSMEDA provides marketing services free of charge to small projects during Turathna Exhibition
Hossam Mounir Published in Daily News Egypt on 09 - 10 - 2021

The Egyptian Cabinet has revealed that the Micro, Small, and Medium Enterprise Development Agency has funded more than 1.4 million small and micro projects during the past seven years.
This came in a report which monitored the efforts of the Egyptian state in providing the necessary funding for small and micro projects.
During this period, MSMEDA pumped about EGP 36bn whether in direct loans or finance for labour-intensive projects.
In the same context, MSMEDA revealed that it provided a variety of marketing services free of charge to owners of small projects within the activities of the Turathna Exhibition, which was organized by the Agency under the auspices of President Abdel Fattah Al-Sisi from 9 to 15 October.
The agency provides these services through a specialized business development unit that includes a number of experts and specialists to help project owners, who are participants or visitors to the exhibition, in marketing their products professionally.
Raafat Abbas, head of the central sector for non-financial services at the agency, said that all services provided by the Small Enterprise Development Unit at MSMEDA are free and aim to help business owners to market their products in modern and innovative ways, including providing appropriate trademarks for their projects, and consulting and promoting services, in addition to teaching them the basics of e-marketing. The unit also introduces MSMEDA's financial and non-financial activities and incentives provided by the SMEs law.
Abbas confirmed that the services provided by this unit come within the framework of MSMEDA's expansion in supporting project owners technically, as plans are currently being made to reach project owners in their locations in all governorates of the Republic, through a mobile unit for the development of small projects affiliated to the agency, which provides project owners with specialized services that help them marketing their products professionally.
The Agency is cooperating with a number of donors to provide these services during the current edition of Turathna Exhibition, namely the United Nations Development Program, the International Labor Organization, the United Nations Industrial Development Organization, and the Canadian Embassy in Cairo.

Clic here to read the story from its source.