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See - Sada Elbalad
30-06-2025
- Business
- See - Sada Elbalad
Egypt's MSMEs Represent 97% of Private Sector
Ahmed Emam As Egypt marked the International Day of Micro, Small, and Medium Enterprises (MSMEs), Basil Rahmy, CEO of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), underscored the critical role of small businesses in driving Egypt's economy, revealing they represent over 97% of the private sector. According to the Cabinet's Information and Decision Support Center (IDSC), Rahmy highlighted MSMEDA's extensive experience spanning more than three decades in empowering small enterprises. 'Our agency started as the Social Fund for Development and was restructured as MSMEDA under Law No. 152 of 2020,' he noted, adding that Egypt's MSMEs are the backbone of the private sector and a cornerstone of sustainable development. Rahmy revealed that MSMEDA has provided services to over 2.3 million clients so far, offering a comprehensive support ecosystem that includes financial and non-financial assistance such as funding, training programs, feasibility studies, B2B networking, and participation in domestic and international exhibitions to help businesses access new markets. He emphasized that 'commitment and seriousness are the keys to any project's success,' especially among Egypt's youth, who constitute more than 40% of the workforce. 'Having an innovative idea, leveraging MSMEDA's expertise and services, and maintaining discipline in work and repayments are all crucial factors for growth and success,' Rahmy said. Although MSMEDA did not organize an event this year to mark MSME Day, Rahmy revealed plans for a major celebration in 2026. The event will showcase success stories of MSMEs supported over the past three to four years, with a special focus on productive, industrial, agricultural, and IT sectors. Rahmy also stressed MSMEDA's commitment to supporting young entrepreneurs, particularly those with innovative ideas in green economy fields and artificial intelligence. 'The future holds immense opportunities for businesses that adopt modern technologies and sustainable solutions, aligning with Egypt Vision 2030 and the Sustainable Development Goals,' he said. The agency enjoys strong support from the Egyptian government, led by the President, the Prime Minister, and a board of directors that includes seven cabinet ministers and five experts. This high-level backing ensures ongoing performance development and the expansion of support services across all governorates. In the same connections, he affirmed that innovation and digital transformation have become vital pillars for the future growth and sustainability of enterprises in Egypt. MSMEDA reaffirmed its commitment to fully supporting this vital sector, empowering entrepreneurs and small business owners as a driving force for comprehensive economic development, enhancing competitiveness, and creating sustainable job opportunities nationwide. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War News Flights suspended at Port Sudan Airport after Drone Attacks Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream News Shell Unveils Cost-Cutting, LNG Growth Plan Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean Arts & Culture "6 Ayam" Sets Streaming Date


Time of India
30-05-2025
- Politics
- Time of India
India's starring role in peacekeeping comes in for glowing praise
India plays a crucial role in supporting peacekeeping initiatives, particularly through its leadership in promoting accountability for crimes against peacekeepers, the UN's chief peacekeeping official underlined in a statement on May 30. During a press briefing, which coincided with the International Day of United Nations Peacekeepers, Under-Secretary-General for Peace Operations Jean-Pierre Lacroix played up India's significant contributions. He had traveled to New Delhi to participate in the inaugural Conference for Women Peacekeepers held on February 24-25. In response to a PTI inquiry regarding the conference, Lacroix expressed his eagerness to attend, highlighting India's status as a vital contributor of troops and police. He mentioned that India not only provides a considerable number of personnel but also actively supports various peacekeeping initiatives. "I would particularly point out India's leadership role in ensuring accountability for crimes committed against peacekeepers," he remarked. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Pensioners Can Buy These Electric Cars in Malaysia - See Prices Here! Electric Cars | Search Ads Search Now Undo The conference, themed 'Women in Peacekeeping: A Global South Perspective,' was organized by the Ministry of External Affairs in partnership with the Ministry of Defence and the Centre for United Nations Peacekeeping (CUNPK). It gathered women peacekeepers from 35 Troop Contributing Countries (TCCs) from the Global South to address the changing challenges in peacekeeping and underscore the essential contributions of women in promoting peace and security. Lacroix elaborated on the dual aspects of involving women in peacekeeping. "On one hand, increasing the number of women leads to more effective peacekeeping efforts, and on the other, it empowers women through their involvement in peacekeeping and political processes, ensuring they are integral to all peacebuilding endeavors," he explained. He stated that this is not an ideological issue but a practical necessity, asserting that full participation of women is essential for the success of peacekeeping missions. Live Events During the briefing, alongside Acting Military Adviser of the UN Major General Cheryl Pearce, Lacroix acknowledged the UN's progress in increasing the number of women peacekeepers, while also recognizing that there is still much work to be done. He pointed out ongoing challenges within formed military units, particularly due to limited resources from member states. He also noted the need for more senior female generals to apply for roles such as Force Commander and Deputy Force Commander. India ranks as the fourth largest contributor of uniformed personnel to UN Peacekeeping efforts, currently deploying over 5,300 military and police personnel across various missions, including those in Abyei, the Central African Republic, the Democratic Republic of the Congo, Lebanon, Somalia, South Sudan, and Western Sahara. Notably, India was the pioneer in sending an all-women Formed Police Unit to Liberia back in 2007. More recently, in January 2023, India dispatched an all-women's platoon of peacekeepers to the UN Mission in Abyei, marking the largest deployment of female peacekeepers in recent times. Furthermore, during its presidency of the UN Security Council in December 2022, India initiated a 'Group of Friends' aimed at enhancing accountability for crimes against peacekeepers. The country also unveiled a new database to track crimes against peacekeepers and monitor the progress in holding those responsible accountable.


Eyewitness News
29-05-2025
- Politics
- Eyewitness News
General Maphwanya: SANDF undeterred and committed to ensure peace prevails in Africa
JOHANNESBURG - The chief of the South African National Defence Force (SANDF) , General Rudzani Maphwanya, has reaffirmed the defence force's commitment to ensure peace and stability in war-ridden regions. He addressed the annual global commemoration of the International Day of United Nations (UN) Peacekeepers in De Brug Army Base in Bloemfontein on Thursday. Soldiers who died in various peacekeeping missions were honoured during a wreath-laying ceremony, with the most recent being the 14 soldiers who died in the east of the Democratic Republic of Congo (DRC). READ: SANDF to honour 14 soldiers who died in DRC on UN Peacekeeping Day General Maphwanya said their commitment to the mission would not be forgotten. " We extend our deepest condolences to the families, friends, and comrades of those who have made the ultimate sacrifice. Their courage and selfless commitment to peace remain an inspiration. As the chief of the South African National Defence Force and the entire members of the National Defence Force, we remain undeterred and committed to working with like-minded forces to ensure peace prevails in our continent."