Rédaction Africa Links 24 with MENA
Published on 2024-03-24 10:06:09
Micro, Small, and Medium Enterprises Development Agency (MSMEDA) CEO Basel Rahmy emphasizes the agency’s commitment to supporting female owners of small and micro-sized projects nationwide by providing both technical and financial services. In a statement issued on Saturday, March 23, 2024, Rahmy highlighted the agency’s collaboration with NGOs to reach as many women as possible, particularly in underserved areas like Upper Egypt and border governorates.
The MSMEDA is actively working with international partners to introduce modernized services aimed at empowering women in entrepreneurship and helping them enhance their existing projects or launch new ones. Rahmy stated that the agency has initiated several programs to increase the participation of women in micro-sized projects, aiming for a 40 percent female representation.
For female entrepreneurs seeking information on MSMEDA’s financial and technical services, Rahmy encouraged them to visit the agency’s branches in their governorate or contact the hotline at 16733. The MSMEDA has been instrumental in various aspects of the development process, including providing loans for small and micro enterprises, offering training programs on infrastructure and community development projects, delivering non-financial services for small businesses, and supporting the presidential initiative to revitalizing handicrafts and heritage to preserve Egyptian identity.
The agency’s efforts reflect a dedication to fostering gender equality in entrepreneurship and empowering women to contribute to economic development in Egypt. By offering tailored support and resources to female entrepreneurs, the MSMEDA aims to create a more inclusive and diverse business environment that taps into the potential of all segments of society.
Through strategic partnerships with NGOs and international organizations, the agency is able to leverage resources and expertise to maximize the impact of its programs for female entrepreneurs. By prioritizing the needs of women in underserved areas, such as Upper Egypt and border governorates, the MSMEDA ensures that opportunities for economic empowerment are accessible to all, regardless of geographic location or socioeconomic background.
Female entrepreneurs play a vital role in driving innovation, creating jobs, and stimulating economic growth. By focusing on supporting women-owned businesses, the MSMEDA not only contributes to economic development but also promotes social inclusion and gender equality. The agency’s holistic approach to empowering female entrepreneurs encompasses financial assistance, technical training, and access to markets, enabling women to realize their full potential and make meaningful contributions to the economy.
In conclusion, the MSMEDA’s commitment to supporting female entrepreneurs reflects a broader commitment to inclusive and sustainable economic development in Egypt. By empowering women to establish and grow their businesses, the agency contributes to building a more resilient and diverse economy that benefits all members of society.
Read Original article on Egypt Independent
