dailynewsegypt.com
SME Development Agency re-loans EGP 54m to casual workers in Alexandria
EU delegation monitors activities of MSMEDA-EIB agreement
Hossam Mounir September 27, 2021 Comments Off

A
European Union (EU) delegation has visited several labour-intensive infrastructure projects carried out by Egypt’s Micro, Small and Medium Enterprise Development Agency (MSMEDA) in Alexandria.
The visit aims to monitor the activities of the agreement financed by the EU through a grant delegated to the European Investment Bank (EIB).
The delegation was headed by International Cooperation Officer at the EU mission in Egypt, Vera Morandini, and Head of Technical Support Team, Hartwig Behnfeld.
The delegation was received by Deputy-governor Jackleen Azer and a group of MSMEDA officials, presided by Head of Human and Community Development Central Sector Medhat Massoud, and Manager of MSMEDA Alexandria Branch Mohamed Salah.
“According to the agreement, EGP 54m has been allocated to casual workers to implement a number of projects in El Amerya district, namely substituting/renovating potable water networks, extending sewage lines, and establishing a market for peddlers. More than 64 thousand daily jobs will be created,” Massoud said.
“MSMEDA has selected these projects in coordination with Alexandria governorate to meet the requirements of inhabitants and develop these areas through using casual workers to upgrade their skills to be better enabled to find suitable employment opportunities. Projects of the agreement are currently implemented in 6 governorates: Alexandria, Assiut, Giza, Menoufeya, Port Said, and Sharqeya. The agreement is expected to generate around 321,000 daily jobs for casual workers,” Massoud added.
The agreement aims at improving the quality of life within the targeted governorates through upgrading infrastructure, generating daily jobs and creating the climate appropriate for the growth of small and micro enterprises.
Topics: SME Development
Hossam Mounir
MORE IN BUSINESS
MORE IN HOSSAM MOUNIR
Featured Video
Video| Egypt’s President Al-Sisi weighs in on freedom of expression, Islamic extremism
Editorial Pick
Egypt’s Sharm El-Sheikh to host UN climate summit COP27 in 2022
Opinion | Why is Egypt postponing the war against Ethiopia?
UNDP, Planning Ministry launch Egypt’s Human Development Report 2021
Al-Sisi ensures personal freedoms as Egypt launches National Strategy for Human Rights
Latest News
Egypt’s El Gouna Film Festival kicks off
30,000 gaming enthusiasts compete in 4th edition of Esports Summit in Egypt
‘Forever Is Now’: 5 facts you do not know about one of Egypt’s biggest cultural events in 2021
OPINION
Opinion | Ethiopia crises
Opinion| Can the United States ban Facebook?
Opinion| “Digital generation, our generation: Girls need access to digital devices and services.”
Opinion| Dublin Theatre Festival raises issues of environment and climate change
MORE OPINION
Receive our daily newsletter
Subscribe