Ramsco's Women Empowerment Initiative Recognized Among Top BRICS Businesswomen Practices for 2025    Egypt, Elsewedy review progress on Ain Sokhna phosphate complex    Gold prices end July with modest gains    Pakistan says successfully concluded 'landmark trade deal' with US    Egypt's FM, US envoy discuss Gaza ceasefire, Iran nuclear talks    Modon Holding posts AED 2.1bn net profit in H1 2025    Egypt's Electricity Ministry says new power cable for Giza area operational    Egypt's Al-Sisi, Italian defence minister discuss Gaza, security cooperation    Egypt's FM discusses Gaza, Nile dam with US senators    Aid airdrops intensify as famine deepens in Gaza amid mounting international criticism    Health minister showcases AI's impact on healthcare at Huawei Cloud Summit    On anti-trafficking day, Egypt's PM calls fight a 'moral and humanitarian duty'    Federal Reserve maintains interest rates    Egypt strengthens healthcare partnerships to enhance maternity, multiple sclerosis, and stroke care    Egypt keeps Gaza aid flowing, total tops 533,000 tons: minister    Indian Embassy to launch cultural festival in Assiut, film fest in Cairo    Egyptian aid convoy heads toward Gaza as humanitarian crisis deepens    Culture minister launches national plan to revive film industry, modernise cinematic assets    Rafah Crossing 'never been closed for one day' from Egypt: PM    I won't trade my identity to please market: Douzi    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt's EHA, Huawei discuss enhanced digital health    Egypt, Oman discuss environmental cooperation    Egypt's EDA explores pharma cooperation with Belarus    Foreign, housing ministers discuss Egypt's role in African development push    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    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 allocates EGP 1.61bn for financing over 76,000 initiatives in Aswan
Published in Daily News Egypt on 21 - 04 - 2024

Bassel Rahmi, the Chief Executive Officer of the Micro, Small, and Medium Enterprises Development Authority (MSMEDA), reiterated the sustained collaboration with Aswan to fulfil the government's vision of nurturing the small enterprise sector. He highlighted that, since 2014, MSMEDA has effectively allocated funds exceeding EGP 1.61 billion to over 76,000 ventures, thereby generating upwards of 102,000 employment opportunities for the local populace.
Ashraf Attia, the Governor of Aswan, welcomed MSMEDA's CEO and a cadre of the authority's executives to deliberate on the present and envisioned synergies aimed at empowering the small enterprise sector and advancing the industrial complexes within the region.
He elucidated that the dialogue encompassed the exploration of investment prospects for petite ventures and strategies to judiciously harness the governorate's natural endowments to spur the growth of the small enterprise sector. This was particularly focused on ventures linked to these resources, underscoring the imperative to evolve them to not only create additional job prospects but also to proffer superior local merchandise that could diminish reliance on imports.
Rahmi disclosed that the discussions also broached the subject of augmenting financial aid and backing for industrial ventures domiciled in the governorate, alongside a suite of services proffered by MSMEDA to industrial hubs situated in the Jinina and Shabak locales within the Nasr Al-Nuba centre and the Al-Alaqi industrial city. This initiative is poised to catalyze the enhancement of extant projects or the inception of novel ones.
Moreover, he accentuated MSMEDA's participation in the presidential "Decent Life" campaign within the governorate, with an infusion of EGP 244.9m that has advantaged 9,400 small and micro ventures, culminating in the creation of roughly 14,500 job openings across over 100 hamlets in the Kom Ombo, Adfo, and Nasr Al-Nuba districts.
Attia extolled the partnership with MSMEDA and the comprehensive financial and technical solutions rendered by the authority under the auspices of Law No. 152 of 2020, lauding its pivotal role in the maturation of small enterprises. He envisaged a concerted effort to streamline access to these amenities for all aspirants keen on founding or enhancing small ventures within the governorate, with an emphasis on the youth, academicians, and women, thereby fostering their economic and societal empowerment.
In conclusion, Attia affirmed the governorate's commitment to optimizing the exploitation of its resources to forge novel and auspicious investment avenues for entrepreneurs or those poised to embark on new ventures. He elucidated that the industrial precincts within the governorate are a tangible manifestation of the state's directive to stimulate and refine Egyptian products, intending to satisfy domestic market demands, amplify export capabilities, and penetrate international markets.


Clic here to read the story from its source.