Gold prices in Egypt on July 3    Egypt's Qalaa Holdings Q1 revenues climb 134%, winning over global challenges    Egypt introduces first beach for visually-impaired guests in Alexandria    Egypt's athlete Basma Emad wins bronze in weightlifting in Mediterranean Games    Gold prices in Egypt on July 3    Saudi citizens could enter Schengen countries visa-free    Egypt's Petrojet returns to Libyan oil sector after 11 years    Cemex, VeryNile sign deal for Egypt's Nile River    NATO remarks Egypt's role in maintaining stability in Middle East and Africa    Congo needs Egypt's expertise to diversify its economy – FPI official    Dostarlimab drug cures rectal cancer patient 100%, trials show    Egypt: A royal train turns into a new tourism attraction    For the first time John Legend to perform in Egypt    Egypt discovers newly treasure trove of ancient artifacts at Saqqara Necropolis    Noura Al-Mutair – first Gulf female boxer in World Championships    Liverpool fans: "You'll Never Walk Alone" to Cristiano Ronaldo    Egypt to play key role in integrating water, climate issues globally – World Bank official    Maha karara joins AAIB as Head of Corporate Communications, Sustainability    Egypt works on charting cooperation strategies with international institutions for 5 years: Al-Mashat    Over 2.4 million newborns examined for hearing impairment: Health Ministry    Netflix releases trailer of Arab adaption of 'Perfect Strangers' film    Balqees to headline concert celebrating launch of streaming giant LIVENow in MENA    Sawsan Badr to be honoured at Aswan Women Film Festival    MP Abdel Hady Al-Qasby calls government to facilitate and support NGOs    Al-Sisi follows up on 'Great Transfiguration Project' in St. Catherine    Cairo, London stress need to strengthen cooperation to face climate change    Foreigners account for 22.6% of Egypt's T-bills issuances in 1H 2021: CBE    Egypt's ambassador to Italy passes away    Egypt confirms readiness to help African countries face terrorism and extremism    An estimated 235 million people needed humanitarian assistance and protection in 2021, an increase of 40% compared to 2020: IOM Egypt    Egypt, DRC discuss water cooperation during WYF    Egypt, DR Congo discuss boosting bilateral cooperation during WYF    Cameroonian police probe assault on three Algerian journalists covering AFCON    Pharaohs start AFCON 2021 campaign with fierce clash against Nigeria    Foreign Ministry opens capacity building course for French-speaking African diplomats    Egypt's trade with Nile basin countries climbs 26% y-o-y in 9 months    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    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, Misr El Kheir cooperate to establish business incubators
Published in Daily News Egypt on 21 - 12 - 2021

The Medium, Small and Micro Enterprise Development Agency (MSMEDA) and Misr El Kheir Foundation have signed a memorandum of understanding (MoU) to establish new business incubators and launch programmes to raise the capabilities of young people and entrepreneurs nationwide, especially in Upper Egypt.
Tarek Shash, Executive Vice President of MSMEDA, said that the agency is coordinating with various concerned authorities to spread the idea and culture of self-employment among citizens, especially in the governorates of Upper Egypt. This is to help them develop their skills so that they can set up new small businesses or expand their existing projects by using the natural resources available in these governorates and exploiting them appropriately to provide well-made Egyptian products that meet the needs of their local communities.
Shash added that MSMEDA is currently cooperating with 23 public and private universities, as well as the Academy of Scientific Research and a number of ministries such as higher education, scientific research, education, technical education, youth, sports, manpower and other ministries and civil society organizations to implement free training programs that benefit thousands of citizens, especially young men and women, in various governorates. Mre than 7,000 young people benefited from these courses since the beginning of the year until October.
Raafat Abbas, head of the central sector for non-financial services at the Agency, stated that signing a MoU with the Misr El Kheir is the first cooperation of its kind between the agency and civil society institutions to spread the concept of self-employment, noting that in cooperation, it is possible to expand geographically in terms of various aspects of technical support to develop citizens' skills in various governorates, especially in Upper Egypt.
Abbas added that integrated training programs will be implemented during which participants will be familiarized with the foundations of establishing small enterprises and how to prepare feasibility studies and work plans, which will ensure the success and continuity of their businesses, in addition to developing the capabilities and skills of professionals that provide these training courses, and implementing programs to link and integrate innovation-based projects in supply chains, as well as programs to develop the skills of entrepreneurs and help them market their products locally and globally.
Mohamed Abdel Rahman, Deputy Managing Director of the Misr El Kheir, said that this cooperation is an expression of the consistency of the vision of the Misr El Kheir Foundation and MSMEDA regarding the aspect of investing in people and supporting the competitiveness of the Egyptian economy, depending on the provision of an appropriate environment to provide support for enterprises, especially financial services.
For his part, Saber Hassan, Head of the Education Sector at Misr El Kheir Foundation, said that the MoU supports the construction of business incubators in the governorates of Egypt and lays a foundation that ensures the sustainability of its services for various projects, pointing out that the Misr El Kheir Foundation is working to train and qualify cadres in partner NGOs and provide them with support on an ongoing basis, to implement programmes in a flexible and rapid manner.


Clic here to read the story from its source.