Latest in Tag: MSMEDA Highlight
Latest in Tag: MSMEDA
MSMEs exempted from stamp tax, documentation fees, while custom duties on machinery, equipment reduced from 5% to 2%
The Micro, Small, and Medium Enterprises Development Agency (MSMEDA) provided EGP 3.7bn in funding to 124,000 small and micro businesses from January to November 2020, according to Minister of Trade and Industry, and MSMEDA Executive Director Nevine Gamea. The funding helped create a total of 195,000 job opportunities, Gamea said. She added that EGP 119m …
EGP 140m earmarked for range of environmental, health, kindergarten services and illiteracy eradication projects
The funding comes as part of the agreement’s activities, which the agency has implemented with funding from the European Union (EU), to address the root causes of irregular migration.
Agency aims to provide all forms of support to young entrepreneurs in light of state’s interest in MSMEs, says Nevine Gamea
The contract was signed by Minister of Trade and Industry and MSMEDA Executive Director Nevine Gamea and Banque Misr Chairperson Mohamed El Etreby.
The agreement aims to support integration of the informal sector into the formal sector.
Negotiations take place with vehicle manufacturing companies to enforce vehicle warranties following conversion to gas
“Torathna” exhibition periodically organised to improve country’s handicrafts sector
Agency and NGOs working in Qena partner up to provide EGP 11.45m finance to micro projects
Gamea explained that the agency is keen to meet with governors and leaders of the authorities working in the SMEs sector.
Agency is implementing state directives to provide financial, technical, training services to those returning from abroad, says Nevine Gamea
Projects provide nearly 30m job opportunities for daily workers nationwide, says Nevine Gamea
Agency partners with Ministry of Petroleum and Mineral Resources on project converting cars to dual-fuel system
Agency provided EGP 3.5bn in funding to about 240,000 micro projects between January 2019 and April 2020
Funding size is good, given negative economic effects of coronavirus, says Gamea
Finance expected to reach 216,000 projects over five years, providing 250,000 jobs, says Gamea
First contract worth EGP 500m will finance micro-projects, second project for financing women is worth EGP 120m, says Gamea
Agency’s move comes in cooperation with EU support to improve employment opportunities for Egypt’s youth
The guidance comes with the aim of helping project owners apply these measures to combat the coronavirus and limit its spread within their projects.
Agency offers soft loans up to EGP 1m to support small-sized enterprises: Gamea
Agency to pump new funds for activities currently booming due to spread of coronavirus
Agency allocates EGP 10m to convert vehicles to dual-fuel in cooperation with “Car Gas”
For his part, Hany Emad, head of the central sector for financing small projects in the MSMEDA, announced that the agency is fully prepared to provide additional funds and facilities for projects that need funding to deal with the effects of the crisis.
MSMEDA offers new facilities, advantages for industrial sector to support new Egyptian industrialists: Gamea
The agreement works through three development programmes that provide alternatives and employment opportunities for young people in Egypt to limit illegal migration.
World Bank contributes $200m to MSMEDA, including $50m for new venture capital
Gamea confirmed that the agency will continue to implement its strategy to support youth projects, and provide all aspects of financial, technical, and marketing support for these projects. She noted that the MSMEDA will continue to cooperate and coordinate with all ministries and state agencies involved in the small enterprise sector in order to advance this sector and expand its financing and participation in the country’s economy.
Makram kicks off “Survival Boats” campaign to fight illegal migration
The project’s finance granted by AFD