EBRD extends $ 21.3 m loan to Red Sea wind energy farm in Egypt
The European Bank for Reconstruction and Development (EBRD) is supporting the development and sustainability of ...
NilePreneurs sponsored by CBE, ABE to promote entrepreneurship
NilePreneurs is a national initiative sponsored and funded by the Central Bank of Egypt (CBE) and the Agricultural Bank of Egypt (ABE) with an aim to promote entrepreneurship in Egypt through various services and programs as well as collaborating with banks, ministries, governmental institutions and international organizations.
The initiative is implemented by the Nile University.
Main purpose of the initiative:
- Unlocking youth potentials, especially those who are talented in managing projects, in addition to helping them to innovatively use capital and lead economic change.
- Increasing the number small and medium sized enterprises and promoting already established projects.
- Encouraging job creation, especially among the age group of 18 to 35.
- Promoting national industry in order to meet local market needs of products that are capable of replacing their imported counterparts in addition to tapping new markets at the international level.
- Encouraging technological transition and supporting mechanization concept.
Business development service centers:
Business development service centers are one of the pillars of NilePreneurs which focuses on supporting small and medium sized enterprises and entrepreneurship in addition to offering non-financial services to improve the business climate, empower youths to establish their own projects, spread financial and banking awareness, and communicate with banking and non-banking institutions to cater for financing needs of their projects.
Message:
Providing services, advisory support, and financial and non-financial solutions applicable to small and medium sized enterprises and entrepreneurs in accordance with the highest quality levels. This is meant to improve their financial and technical performance in the market and achieve their goals.
Transforming innovative ideas of youths into viable projects, and enabling young people wishing to establish private projects to choose the activity that suits their capabilities.
Supporting banks and the Medium, Small and Micro Enterprise Development Agency to achieve their main objectives with regard to backing and financing entrepreneurs and small and medium sized enterprises.
Diversifying the services offered to meet the needs of the target groups in addition to full coordination with governmental and non-governmental agencies and institutions.
Spreading in all Egyptian governorates with a unified work method, distinguished participation of banking and non-banking institutions, and the qualification of human cadres as a business development specialist at both scientific and practical levels.
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