It will target women empowerment through new job opportunities, initiatives to improve living conditions for all of Egyptian society including residents in rural areas and small enterprises in the formal economy
The Federation of Egyptian Chambers of Commerce (FEDCOC) is establishing a female-led committee in support of Egyptian businesswomen.
In an announcement, FEDCOC president Ibrahim Al-Arabi said that the committee will contribute to achieving a set of economic and social goals that are in line with Egypt’s vision for economic growth 2030.
It will target women empowerment through new job opportunities, initiatives to improve living conditions for all of Egyptian society including residents in rural areas and small enterprises in the formal economy.
The committee is set to be led by Dina Yaqout.
Al-Arabi explained that the women’s committee at the Ismailia Chamber of Commerce, which Yaqout headed, successfully developed small enterprises and providing training in project management. It also successfully provided easy financing opportunities for women to start their project.
The committee was behind the establishment of a general committee to support women and empower them economically at FEDCOC.
His decision to form the committee for women, Decision No 16 of 2021, stipulates that its members include Dina Fathy Talaat; Heba Faisal; Rania Al-Shimy; Nahla Ibrahim Rushdie; Lamis Sabri Kamal; Amal Mahmoud Ibrahim; Fatima Abdel Moneim Tawfik; Ruqayya Al-Hilaly; Nadia Abu Garma; and Dina Mustafa.
Yaqout said that the new committee’s work strategy will provide all training and financing opportunities for women’s projects across Egypt.
This will take place by providing all training opportunities necessary to start and manage micro, small, and medium enterprises (MSMEs), according to the needs of business owners.
She added that small Egyptian enterprises have promising opportunities, lacking mainly in meeting the requirements of the global markets and professionally.
This segment also lacks appropriate marketing, which is where the committee will develop public awareness for the project owners to implement.
She highlighted the Women’s Committee in the Ismailia Chamber of Commerce success in providing easy low-interest financing for over 40 new projects, in cooperation with the Nasser Social Bank.
Under Yaqout’s leadership, the committee also succeeded in bringing 25 small projects into the formal economy by providing concessional financing amounting to LE 20,000. The financing was provided for women to start new projects or develop small existing projects.
