AUC signs MoU with Banque Misr to support women entrepreneurs

AUC signs MoU with Banque Misr to support women entrepreneurs

Cairo – The American University in Cairo (AUC) signed a Memorandum of Understanding (MoU) with Banque Misr to qualify and train women entrepreneurs and support them in establishing and scaling their small businesses. AUC President Ahmad Dallal and Banque Misr Chairman Mohamed El-Etreby signed the agreement in the presence of a distinguished group of representatives from Banque Misr, AUC, The Canadian Embassy in Egypt, United Nations Women in Egypt and the National Council for Women.

The MoU aims to support women’s entrepreneurship in line with Egypt’s strategy to support and finance start-ups and MSMEs and support women’s financial inclusion efforts. Through this agreement, the Center for Entrepreneurship and Innovation at AUC’s School of Business (AUC CEI) will nominate female entrepreneurs from the “Women’s Economic Empowerment - Entrepreneurship Support” project to Banque Misr. The bank will then provide the nominees with various banking services to facilitate their financial needs and awareness sessions on financial literacy and financial products to ensure the correct use of these products and services.

“We value our partnership with Banque Misr, as this collaboration not only catalyzes the economic empowerment of women but also solidifies AUC’s efforts to strategically collaborate with such reputable organizations. Our collaboration aims to spread