Latest news with #YourProject
Zawya
05-05-2025
- Business
- Zawya
Egypt: Mashrou'ak injects $638mln into local development projects since 2015
Egypt - The Ministry of Local Development announced on Sunday that the 'Mashrou'ak' (Your Project) initiative has financed 213,689 projects across Egypt since its launch in 2015, with total funding exceeding EGP 32.4bn. The programme has helped generate approximately 1.428 million job opportunities nationwide, establishing itself as a cornerstone of local economic support and sustainable development. This announcement comes as part of the government's broader efforts to promote economic empowerment—particularly among youth and women—and to support micro, small, and medium-sized enterprises (MSMEs) across all governorates. Mashrou'ak has continued to attract growing interest from young entrepreneurs, thanks to its streamlined procedures, technical support, and strong coordination with partner banks. The initiative has proven especially effective in reducing unemployment rates in underserved areas by turning innovative ideas into viable, income-generating ventures. Minya, Sohag, and Beni Suef have emerged as the top-performing governorates in terms of the number of projects financed. Minya alone has implemented 23,400 projects, with loans exceeding EGP 3.3bn and generating 157,400 jobs. Sohag followed closely with 23,200 projects backed by EGP 4.3bn in funding, creating 153,900 jobs. Beheira ranked third, with 19,200 projects financed through EGP 1.8bn in loans, resulting in 101,800 job opportunities. Minister of Local Development Manal Awad stated that the programme currently operates through 260 offices nationwide. These offices provide a range of services to applicants, including technical and administrative training, feasibility studies, and temporary licenses pending final approvals. Such support ensures that entrepreneurs can make full use of the services and launch sustainable businesses.
Daily News Egypt
05-05-2025
- Business
- Daily News Egypt
Mashrou'ak injects EGP 32.4bn into local development projects since 2015
The Ministry of Local Development announced on Sunday that the 'Mashrou'ak' (Your Project) initiative has financed 213,689 projects across Egypt since its launch in 2015, with total funding exceeding EGP 32.4bn. The programme has helped generate approximately 1.428 million job opportunities nationwide, establishing itself as a cornerstone of local economic support and sustainable development. This announcement comes as part of the government's broader efforts to promote economic empowerment—particularly among youth and women—and to support micro, small, and medium-sized enterprises (MSMEs) across all governorates. Mashrou'ak has continued to attract growing interest from young entrepreneurs, thanks to its streamlined procedures, technical support, and strong coordination with partner banks. The initiative has proven especially effective in reducing unemployment rates in underserved areas by turning innovative ideas into viable, income-generating ventures. Minya, Sohag, and Beni Suef have emerged as the top-performing governorates in terms of the number of projects financed. Minya alone has implemented 23,400 projects, with loans exceeding EGP 3.3bn and generating 157,400 jobs. Sohag followed closely with 23,200 projects backed by EGP 4.3bn in funding, creating 153,900 jobs. Beheira ranked third, with 19,200 projects financed through EGP 1.8bn in loans, resulting in 101,800 job opportunities. Minister of Local Development Manal Awad stated that the programme currently operates through 260 offices nationwide. These offices provide a range of services to applicants, including technical and administrative training, feasibility studies, and temporary licenses pending final approvals. Such support ensures that entrepreneurs can make full use of the services and launch sustainable businesses.
Zawya
09-04-2025
- Business
- Zawya
Egypt: Mashroo3k injects $626mln to fund over 213k projects since launch
Manal Awad, Minister of Local Development, announced that the national initiative for community, human, and local development—Mashroo3k (Your Project)—has financed 213,313 projects with total investments reaching EGP 32.1bn since its inception in 2015. The programme has played a key role in generating approximately 1.42 million job opportunities for youth across Egypt. Awad highlighted that Upper Egypt governorates have received the largest share of funding and the highest number of supported projects, reflecting the state's commitment to empowering youth and supporting small and medium-sized enterprises (SMEs) in the region. Minya topped the list with more than 23,300 projects financed through loans exceeding EGP 3.3bn, creating around 157,300 jobs. Sohag followed closely with approximately 23,100 projects and EGP 4.2bn in financing, resulting in 152,100 jobs. Beni Suef came next with 16,300 projects supported by over EGP 2bn in loans, generating 97,500 job opportunities. Assiut ranked fourth, with 14,500 projects receiving EGP 2.6bn, creating 107,300 jobs. In addition to Upper Egypt, the governorates of Sharqeya, Dakahleya, and Beheira have also shown strong engagement with the Mashroo3k initiative. Beheira alone implemented 19,200 projects with loans totaling EGP 1.7bn, providing over 101,600 jobs. Dakahleya saw 17,300 projects launched, backed by EGP 2.2bn in investments, leading to 105,500 jobs. Sharqeya supported around 16,800 projects with total funding of EGP 2.9bn, generating approximately 132,600 job opportunities. The minister emphasized that Mashroo3k continues to play a vital role in fostering entrepreneurship and supporting micro, small, and medium-sized enterprises (MSMEs) across the country. In addition to financial support, the programme offers banking facilities, streamlined procedures, technical consultations, and training programmes aimed at enhancing the skills of young entrepreneurs. Awad concluded by announcing the ministry's plan to expand the reach of Mashroo3k in the coming months through new credit facilities, reinforcing its role in job creation, economic development, and sustainable growth nationwide.
Daily News Egypt
08-04-2025
- Business
- Daily News Egypt
Mashroo3k injects EGP 32.1bn to fund over 213k projects since launch
Manal Awad, Minister of Local Development, announced that the national initiative for community, human, and local development—Mashroo3k (Your Project)—has financed 213,313 projects with total investments reaching EGP 32.1bn since its inception in 2015. The programme has played a key role in generating approximately 1.42 million job opportunities for youth across Egypt. Awad highlighted that Upper Egypt governorates have received the largest share of funding and the highest number of supported projects, reflecting the state's commitment to empowering youth and supporting small and medium-sized enterprises (SMEs) in the region. Minya topped the list with more than 23,300 projects financed through loans exceeding EGP 3.3bn, creating around 157,300 jobs. Sohag followed closely with approximately 23,100 projects and EGP 4.2bn in financing, resulting in 152,100 jobs. Beni Suef came next with 16,300 projects supported by over EGP 2bn in loans, generating 97,500 job opportunities. Assiut ranked fourth, with 14,500 projects receiving EGP 2.6bn, creating 107,300 jobs. In addition to Upper Egypt, the governorates of Sharqeya, Dakahleya, and Beheira have also shown strong engagement with the Mashroo3k initiative. Beheira alone implemented 19,200 projects with loans totaling EGP 1.7bn, providing over 101,600 jobs. Dakahleya saw 17,300 projects launched, backed by EGP 2.2bn in investments, leading to 105,500 jobs. Sharqeya supported around 16,800 projects with total funding of EGP 2.9bn, generating approximately 132,600 job opportunities. The minister emphasized that Mashroo3k continues to play a vital role in fostering entrepreneurship and supporting micro, small, and medium-sized enterprises (MSMEs) across the country. In addition to financial support, the programme offers banking facilities, streamlined procedures, technical consultations, and training programmes aimed at enhancing the skills of young entrepreneurs. Awad concluded by announcing the ministry's plan to expand the reach of Mashroo3k in the coming months through new credit facilities, reinforcing its role in job creation, economic development, and sustainable growth nationwide.
