This achievement marks a 13% increase from the previous year and underscores the agency’s continued commitment to fostering economic growth and job creation
Rahmy highlighted that the partnership between MSMEDA and Foundation Ventures aims to provide much-needed financing for promising Egyptian startups across various sectors.
The agency has provided entrepreneurship training to 9,251 individuals, empowering them to start and grow their businesses.
The Micro, Small, and Medium Enterprises Development Agency (MSMEDA) CEO, Bassel Rahmy, announced that it has allocated EGP 25.6 billion over the past decade to boost industrial and production sectors in the region.
Bassel Rahmy, the CEO of the MSMEDA, emphasized the importance of the SME sector, which represents more than 80% of the Egyptian economy
