Latest news with #El-Mashat
Zawya
21-04-2025
- Business
- Zawya
AfDB to support Egypt's private sector via $300mln
Cairo: The African Development Bank (AfDB) plans to inject direct investments worth $300 million into the private sector in Egypt during 2025, according to a press release. Rania El-Mashat, Minister of Planning, Economic Development and International Cooperation, highlighted that the financing will support small and medium-sized enterprises (SMEs) and large companies through project financing tools, corporate financing, and credit lines. El-Mashat outlined that the platform includes more than 90 financial and advisory services, which contribute to facilitating companies' entry into African markets and driving regional integration. She added that the AfDB's initiatives align with Egypt's development vision, noting that the state has competitive advantages in sectors, such as pharmaceuticals, smart agriculture, and renewable energy. The minister pointed out that enhancing logistics, information technology, and communication infrastructure would remove trade barriers and boost intra-African trade.
Zawya
28-01-2025
- Business
- Zawya
Egypt to bolster entrepreneurship ecosystem, accelerate economic growth
Cairo – Rania El-Mashat, Egypt's Minister of Planning, Economic Development, and International Cooperation, unveiled plans to back startups and enhance the entrepreneurship ecosystem. The Ministerial Group for Entrepreneurship reviewed ways to boost sustainable and accelerated economic growth while creating job opportunities. El-Mashat stated that the discussions would be reflected in the Startup Charter, which is currently being finalised to become a clear roadmap to improve investor confidence in the opportunities available for startups in Egypt. This aligns with the government's efforts to advance the National Structural Reform Programme, which aims at empowering the private sector and creating a favourable business environment. She stressed Egypt's commitment to supporting the entrepreneurship sector, particularly startups, amid the revolution in AI-based services. Egypt is one of the largest markets in the MEA region that offers competitive operational costs and possesses all the ingredients to become a regional hub for startups.
