By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
DailynewsegyptDailynewsegypt
  • Home
  • Business
    BusinessShow More
    Suez Cement invests millions of dollars in environmental sustainability efforts
    Suez Cement invests millions of dollars in environmental sustainability efforts
    June 6, 2023
    As Egypt decides to establish tourist chambers, federation, what is in it for tourism industry?
    As Egypt decides to establish tourist chambers, federation, what is in it for tourism industry?
    June 6, 2023
    FRA extends deadline for electing Egyptian federation for securities’ board for 3 months
    FRA extends deadline for electing Egyptian federation for securities’ board for 3 months
    June 6, 2023
    New MoU signed to develop SMEs in industrial zone in East Port Said
    New MoU signed to develop SMEs in industrial zone in East Port Said
    June 6, 2023
    CI Capital records revenues of EGP 1.6bn in 1Q 2023
    CI Capital records revenues of EGP 1.6bn in 1Q 2023
    June 6, 2023
  • Politics
    PoliticsShow More
    Arab League calls on Security Council to shoulder its responsibilities, oblige Israel to end occupation
    Arab League calls on Security Council to shoulder its responsibilities, oblige Israel to end occupation
    June 5, 2023
    Institute of Diplomatic Studies holds training course for diplomats from South Sudan
    Institute of Diplomatic Studies holds training course for diplomats from South Sudan
    June 5, 2023
    Al-Sisi participates in African meeting on mediation in Russian-Ukrainian crisis
    Al-Sisi participates in African meeting on mediation in Russian-Ukrainian crisis
    June 5, 2023
    Washington, Riyadh call for new ceasefire agreement in Sudan
    Washington, Riyadh call for new ceasefire agreement in Sudan
    June 5, 2023
    Ugandan president says 54 peacekeepers killed in Somalia deadly attack
    Ugandan president says 54 peacekeepers killed in Somalia deadly attack
    June 5, 2023
  • Interviews
    InterviewsShow More
    EFG Finance to launch unified platform gathering all its financing services: Alaa Al-Afifi
    EFG Finance to launch unified platform gathering all its financing services: Alaa Al-Afifi
    May 31, 2023
    I changed my artistic path to create ‘state of wonder’: Tarek Lotfi
    I changed my artistic path to create ‘state of wonder’: Tarek Lotfi
    May 25, 2023
    I adore Ramadan drama, ‘Telt Al-Talata’ series achieved great success: Ghada Abdel Razek
    I adore Ramadan drama, ‘Telt Al-Talata’ series achieved great success: Ghada Abdel Razek
    May 8, 2023
    We aim to establish Egypt as nearshore centre for Software AG for MET region: Rami Kichli
    We aim to establish Egypt as nearshore centre for Software AG for MET region: Rami Kichli
    April 29, 2023
    Egypt-Spain relations witness remarkable development in recent years: Spanish ambassador in Cairo
    Egypt-Spain relations witness remarkable development in recent years: Spanish ambassador in Cairo
    April 18, 2023
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Reading: EU and EBRD advisory support launched in Alexandria for SMEs
Share
Notification
Latest News
Suez Cement invests millions of dollars in environmental sustainability efforts
Suez Cement invests millions of dollars in environmental sustainability efforts
Business
As Egypt decides to establish tourist chambers, federation, what is in it for tourism industry?
As Egypt decides to establish tourist chambers, federation, what is in it for tourism industry?
Tourism
FRA extends deadline for electing Egyptian federation for securities’ board for 3 months
FRA extends deadline for electing Egyptian federation for securities’ board for 3 months
Business
New MoU signed to develop SMEs in industrial zone in East Port Said
New MoU signed to develop SMEs in industrial zone in East Port Said
Business
CI Capital records revenues of EGP 1.6bn in 1Q 2023
CI Capital records revenues of EGP 1.6bn in 1Q 2023
Business
Aa
Aa
DailynewsegyptDailynewsegypt
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Have an existing account? Sign In
Follow US
  • Advertise
© 2023 DNE News. All Rights Reserved.
Dailynewsegypt > Blog > Business > EU and EBRD advisory support launched in Alexandria for SMEs
Business

EU and EBRD advisory support launched in Alexandria for SMEs

Sara Aggour
Last updated: 2014/03/18 at 2:35 PM
By Sara Aggour 2 Min Read
Share
SHARE

The European Union and the European Bank for Reconstruction and Development (EBRD) has launched its Small Business Support (SBS) initiative to assist small and medium enterprises (SMEs) in Alexandria. The event took place in the Bibliotheca Alexandria, with its director Ismail Serageldin giving a speech on the importance of SMEs.

The SBS programme has already encompassed more than 100 projects to give Egyptian businesses better access to business advice. The European Union is providing €2.4m to the programme.

“Developing the private sector through support for SMEs is one of the EBRD’s key objectives in Egypt,” observed Philip ter Woort, EBRD Director for Egypt. “In the current challenging economic environment, sound business advice has an important part to play in fostering a strong private sector for the country,”

SBS will help connect SMEs with the expertise that can transform their businesses through working with local consultants and international experts. SMEs will be provided with necessary skills, tools and know-how to innovate to attract finance and become the next generation of business leaders.

“With expertise in management, quality management, marketing, engineering and more, SBS helps enterprises to become fitter, more prosperous and more resilient,” an official statement issued by the EBRD read.

In February, at the MEDA Finance 2014 conference for banking and novel financial instruments, the managing director for the Southern and Eastern Mediterranean region at the EBRD Hildegard Gacek said the bank’s proprieties in Egypt are “quite large”.

“They are very significant, but the main target, and I’d like to emphasise this, is really to encourage and support the private sector,” Gacek added.

During the same event, Egyptian Exchange (EGX) chairman Mohamed Omran urged international financial institutions, such as the European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC), to seek out ownership stakes in small and medium sized enterprises (SMEs) in Egypt.

You Might Also Like

Suez Cement invests millions of dollars in environmental sustainability efforts

As Egypt decides to establish tourist chambers, federation, what is in it for tourism industry?

FRA extends deadline for electing Egyptian federation for securities’ board for 3 months

New MoU signed to develop SMEs in industrial zone in East Port Said

CI Capital records revenues of EGP 1.6bn in 1Q 2023

TAGGED: bank, Daily News, Daily News Egypt, DNE, EBRD, EU, european union, SMEs
Share this Article
Facebook Twitter Email Print
Previous Article Cairo University Egypt “Out of the ordinary attire” will not be allowed on campus: Cairo University president
Next Article Emaar plans Dubai, London listing for retail unit: Chairman
1 Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Ad image
Ad image

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe

Latest News

Suez Cement invests millions of dollars in environmental sustainability efforts
Suez Cement invests millions of dollars in environmental sustainability efforts
Business
As Egypt decides to establish tourist chambers, federation, what is in it for tourism industry?
As Egypt decides to establish tourist chambers, federation, what is in it for tourism industry?
Tourism
FRA extends deadline for electing Egyptian federation for securities’ board for 3 months
FRA extends deadline for electing Egyptian federation for securities’ board for 3 months
Business
New MoU signed to develop SMEs in industrial zone in East Port Said
New MoU signed to develop SMEs in industrial zone in East Port Said
Business
//
Egypt’s only independent daily newspaper in English. Discuss the country’s latest with the paper’s reporters, editors, and other readers.

Quick Link

  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

© 2023 DNE News. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?