The European Union Delegation to Egypt

Support to implementation of strategies to foster Micro, Small and Medium Enterprises (MiSMESIS) development in Egypt

18/04/2018 - 12:54
Private Sector Development

The of the EU-funded project is to support the Ministry of Trade and Industry (MTI) and its key stakeholders in the elaboration and implementation of relevant strategies to foster SME and entrepreneurship development as well as to improve the business environment in Egypt.

Description:

  • Across the Egyptian's economy, SMEs represent 80% of Egypt's GDP, 75% of the private sector employment, and 99% of the non-agriculture employment.

  • Following the 2011 revolution, a consensus emerged on the need for more inclusive economic policies and improved social justice. The goal was set to achieve more inclusive economic growth and support employment growth, with the small and medium enterprise (SME) sector identifies as a key driver of such growth.

  • Within the above mentioned context, the EU has as one its key objectives to support the GoE in fostering economic recovery, equitable growth and job creation as well as boosting business environment with the final aim of reducing poverty, promoting social inclusion, and improving people's living conditions.

 

EU Contribution: € 2, 392,200 in grants

 

Objectives:

  • The of the EU-funded project is to support the Ministry of Trade and Industry (MTI) and its key stakeholders in the elaboration and implementation of relevant strategies to foster SME and entrepreneurship development as well as to improve the business environment in Egypt.

     

  • The project builds around four components or Key areas:

    1. Assisting in the MSME and Entrepreneurship National Strategy Implementation;

    2. Enhancing legislative and regulatory reform;

    3. Increasing access to effective and efficient to Business Development Services (BDSs);

    4. Improving the effectiveness of a pilot group of One-Stop-Shops and One-Single-Windows (SWS).

 

Implementation – Ongoing Activities

  • The MiSMESIS project is part of the EU funded Inclusive Economic Growth Programme. It is coordinated by the MTI's Policy support Unit and implemented by a consortium led by Eurecna. It is complementarity with a grant scheme, part of the same programme, which aims at supporting SME access to innovative BDSs, strengthens the analytical capacity of key non-governmental stakeholders on business reform issues as well as the role of SMEs in policy dialogue.

     

  • Some examples of ongoing activities can be found below.

 

Elaboration of Micro and Small and Medium Enterprise Development Agency (MSMEDA) Strategy

 

Elaboration of Micro and Small and Medium Enterprise Development Agency (MSMEDA) Strategy

On 31/7 and 1/8/2017, the MiSMESIS Project organized a two- day training on Monitoring and Evaluation techniques for 25 of the Ministry of Trade and Industry’s staff and interns.

The training successfully prepared the ground for a comprehensive Result-Based Management System for the MSME and Entrepreneurship National Strategy and for the implementation of the pillar 2 of the Industrial Development Strategy.