News

Egypt Committed to Boosting Innovation and Entrepreneurship: Ministry of Communications and Information

Egypt Committed to Boosting Innovation and Entrepreneurship: Ministry of Communications and Information

Egyptian entrepreneurs narrating their success stories during the ‘Boost you Business’ event, held this week in Cairo. Photo source: Mohamed Ezz

The Egyptian government has reaffirmed  its efforts to boost innovators, SMEs (small and medium entreprises) and entrepreneurs during the ‘Boot Your Business’ event held by Facebook in Cairo.

“The Ministry of IT has set a full strategy together with all bodies concerned to support innovators in all the Egyptian governorates and universities,” said Hossam Othman, advisor to CIT Minister on innovation and entrepreneurship, during the first event held by the Facebook MENA team in Cairo.

Entitled “Boosting Your Business”, the event is being held on the sidelines of a number of events held during the current US business delegation to Cairo.
The government, represented through the participation of the ministries of IT, investment, trade and Industry, has been finding ways to integrate a legal and business environment that will help absorb more small businesses and entrepreneurial ideas to the formal economy.

“Small local business owners are our friends, families and neighbours. They provide products and services that impact our lives and bring us together,’’ said Nashawa Ali, Facebook’s Head of Public Policy for MENA.

“In cities all over the world, local businesses create more than 60 per cent of new jobs,” she added.

Nashwa Ali

“We want to help local businesses grow so they can hire more people and make communities even stronger, we also want to ensure that people have access to digital training, so they can land new jobs.”

Ali told Egyptian Streets that depending on the technology is also very useful for small businesses owners in rural areas, where sellers depend on selling their products and reaching their customers through it.

She also added that Facebook has helped more than 1,500 women in Upper Egypt during a period of seven months through “She Means Business” initiative. The programme has empowered women in Upper Egypt to use technology in promoting their businesses.

Commenting on the to-be-issued law on e-commerce in Egypt, Ali said that she hopes the coming law will regulate the whole process and will consist of new incentives for small businesses.

Last April, Egypt has passed a new law on innovation, science, and creativity that allows universities students for the first time to register their projects as legal companies, according to Othman.

Cairo Tops the List for the Fastest Growing City in Tourism: WTTC
Ministry of Foreign Affairs Condemns Israeli Forces Assault, Detained Monk Freed

Subscribe to our newsletter


News

Nayrouz Talaat is an Egyptian journalist and a reporter for many years. She is currently an editor at The Egyptian Gazette newspaper, an ex-contributor to Aswat Masriya English section and Reuters alumni. Nayrouz also loves reading, walking, watching movies and capturing people's stories.

More in News

Egyptian Woman Becomes Country’s First Flight Attendant with Down Syndrome

Egyptian StreetsDecember 5, 2019

Egypt’s Climate Change Performance Recognized in CCPI Report

Egyptian StreetsDecember 5, 2019

Tunisia Becomes First Country in the MENA Region to Introduce Sex Ed in Schools

Egyptian StreetsDecember 3, 2019

Egyptian Shaabi Singer Shaaban Abdel Rahim Dies Aged 62

Egyptian StreetsDecember 3, 2019

Free Family Planning Services to Be Provided Nationwide This December

Egyptian StreetsDecember 1, 2019

World AIDS Day: 13,000 Living with HIV in Egypt Despite Efforts to Combat Infection

Egyptian StreetsDecember 1, 2019

Sudan Abolishes its Public Order Law in a Move Towards Women Empowerment

Egyptian StreetsNovember 29, 2019

Seven Women Appointed As Deputy Governors, Representing 40% of Latest Reshuffle

Egyptian StreetsNovember 28, 2019