The Egyptian Cabinet revealed that the Micro, Small and Medium Enterprise Development Agency has funded more than 1.4 million small and micro projects over the past seven years.
This came in a report that monitored the Egyptian state’s efforts to provide the necessary funding for small and micro-projects.
During this period, MSMEDA injected around EGP 36 billion, either in direct loans or in financing of labor-intensive projects.
In the same context, MSMEDA revealed that it provides a variety of marketing services free of charge to owners of small projects as part of the activities of the Turathna Exhibition, which was organized by the Agency under the auspices of President Abdel Fattah. Al-Sisi from October 9 to 15.
The agency provides these services through a unit specializing in business development which includes many experts and specialists to help project leaders, participants or visitors to the show, to market their products in a professional manner.
Raafat Abbas, head of the agency’s central non-financial services sector, said all services provided by MSMEDA’s Small Business Development Unit are free and are aimed at helping business owners market their products. modern and innovative way, in particular by providing appropriate brands for their projects, and consultancy and promotion services, in addition to teaching them the basics of e-marketing. The unit also presents the financial and non-financial activities of MSMEDA and the incentives provided by the law on SMEs.
Abbas confirmed that the services provided by this unit are part of MSMEDA’s expansion in providing technical support to clients, as plans are currently underway to reach clients in their localities. in all the governorates of the Republic, through a mobile unit for the development of small projects affiliated with the agency, which provides project leaders with specialized services that help them market their products in a professional manner.
The Agency is cooperating with a number of donors to provide these services during the current edition of the Turathna exhibition, namely United Nations Development Program, International Labor Organization, United Nations for industrial development and the Canadian Embassy in Cairo.