Nigeria endorses El-Anany for UNESCO amid closer economic links with Egypt    Roche helps Egypt expand digital pathology and AI diagnostics    Egypt's residential property prices soar up to 30% in H1 2025    Cairo Capital Developments delivers first phase of Lake West 1    Al-Sisi meets US CENTCOM chief to discuss military ties, Gaza ceasefire    SCO partnership supports Egypt's modernization, regional stability: Chinese ambassador    New massacre of aid seekers in Gaza amid escalation, worsening starvation crisis    Golden View launches TO-GTHER mixed-use project in New Cairo    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt exports 175K tons of food in one week    Egyptian pound shows stability in Sunday trading    Egypt foils terrorist plot, kills two militants linked to Hasm group    Egypt, Somalia discuss closer environmental cooperation    Egypt's Health Minister reviews upgrades at Gustave Roussy Hospital    Giza Pyramids' interior lighting updated with new LED system    Sandoz Egypt introduces OMNITROPE 15mg biosimilar growth hormone for the treatment of short stature    Egypt's EHA, Huawei discuss enhanced digital health    Egypt's EDA explores pharma cooperation with Belarus    Egypt expresses condolences to Iraq over fire tragedy    Foreign, housing ministers discuss Egypt's role in African development push    Korea Culture Week in Egypt to blend K-Pop with traditional arts    Egypt, France FMs review Gaza ceasefire efforts, reconstruction    CIB finances Giza Pyramids Sound and Light Show redevelopment with EGP 963m loan    Egypt, Uruguay eager to expand trade across key sectors    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    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    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.



PM reviews MSMEDA strategy and performance, urges broader support for entrepreneurs, exporters
Published in Daily News Egypt on 20 - 07 - 2025

Prime Minister Mostafa Madbouly chaired a meeting on Sunday at the government headquarters in New Alamein City to follow up on key files and activities of the Micro, Small and Medium Enterprise Development Agency (MSMEDA). The meeting brought together Rania Al-Mashat, Minister of Planning, Economic Development and International Cooperation; Ahmed Kouchouk, Minister of Finance; Bassel Rahmy, CEO of MSMEDA; Hesham Goweid, Director General of the Banking Supervision Sector at the Central Bank of Egypt; alongside other senior officials.
At the outset, Madbouly underscored the pivotal role of MSMEDA in driving growth across multiple sectors, nurturing entrepreneurship and innovation, and supporting the competitiveness of Egyptian products. He stressed the need to sustain the agency's financial strength and to advance its work in line with an integrated strategic vision.
Al-Mashat outlined the ministry's coordination efforts with international financial institutions to reinforce MSMEDA's activities, while highlighting the importance of aligning the agency's exhibition initiatives with similar efforts led by other organisations to maximise impact.
For his part, the Minister of Finance emphasised the importance of modernising MSMEDA's operational model to boost efficiency and extend its reach. He called for expanding partnerships with international donors to launch new programmes and initiatives, especially those centred on entrepreneurship and export support.
He proposed a dedicated initiative to help exporters, which could in turn increase Egypt's export volumes and strengthen the market presence of companies with established brands.
Presenting MSMEDA's recent efforts, Basel Rahmy detailed measures taken in collaboration with relevant institutions to safeguard the agency's financial sustainability. He pointed to MSMEDA's contribution in supporting traditional and heritage crafts, providing marketing consultancy for exports, and drawing on global best practices.
Rahmy also highlighted institutional development steps adopted since early 2023, which have focused on improving spending efficiency by rationalising costs and boosting revenue.
Regarding performance indicators, Rahmy reported that direct lending accounted for 21% of MSMEDA-financed projects in 2025, up from 11% in 2024. Financing for medium-sized projects rose sharply to 11% in 2025, compared to 3% in 2024 and just 0.2% in 2023—leading to more job creation and greater export potential.
The share of financing channelled to productive sectors—including industry, agriculture, and livestock—climbed to 24% in 2025, up from 16% the previous year. Moreover, Upper Egypt continued to receive priority, with 55% of the agency's total financing directed there.
Rahmy also discussed preparations for the upcoming seventh edition of the "Torathna" (Our Heritage) exhibition, set to launch in early October, which expects around 1,200 exhibitors. Notably, at least 30% will be new participants, with representation balanced across all governorates. The exhibition also aims to increase the participation of women and projects newly integrated into the formal sector, while promoting financial inclusion.
Reflecting on the 2024 edition, Rahmy noted it featured 385 exhibitors from civil society organisations, 141 exhibitors from people with disabilities, and 331 individual participants. Women represented 74% of exhibitors, and the event attracted over 150,000 visitors.


Clic here to read the story from its source.