MSMEDA, AfDB discuss boosting cooperation in MSMEs

MSMEDA, AfDB discuss boosting cooperation in MSMEs

Basil Rahmi, CEO of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), received Abdourahmane Diaw, Country Manager of the African Development Bank (AfDB) in Egypt, to discuss strengthening ways of future cooperation between the agency and the bank, in the presence of Jihan Al-Sukkari, chief social economist at the Bank office in Egypt, and a number of development projects officials.

Rahmi stressed during the meeting that AfDB is one of the most important donors supporting the activities of the agency, with the aim of providing various aspects of technical and financial support to the small and micro enterprise sector. He noted that the previous cooperation between the agency and the bank witnessed great success, through the implementation of many projects that contributed to sustainable job opportunities and the necessary assistance and support to thousands of entrepreneurs, which enhanced their economic level.

He added that the projects implemented by the agency in cooperation with the Bank aimed at developing natural productive communities in rural areas, which led to a better use of the natural resources available in these areas and had an active role in the economic empowerment of small farmers.

Rahmi indicated that the meeting also discussed ways of future cooperation between