CEO of Egypt’s Micro, Small, and Medium Enterprises Development Agency (MSMEDA) Nevine Gamea and Algeria’s Minister of Knowledge Economy, Startups and Micro-enterprises Yacine el-Mahdi met on Monday for co-operation talks.
Gamea is in Algiers for the Arab International SMEs Conference and Expo (SMEX ALGERIA).
The MSMEDA chief highlighted steps taken by the Egyptian government in response to directives from President Abdel Fattah El Sisi to create a legislative environment more favourable to developing the SME sector and more attractive to encourage young people to start their own enterprises or expand existing ones, a press release said on Monday.
These included the issuance of a special law for SMEs comprising a huge package of facilitations, advantages and tax exemptions, Gamea said.
Supporting entrepreneurship tops the MSMEDA agenda as a provider of proper and sustainable job opportunities, she added, noting that her agency is carrying out a flexible strategy to support youth startups, focusing on innovative ones.
MSMEDA is keen to work with regional partners to promote entrepreneurship, to exchange expertise, conclude agreements and protocols, and bolster trade exchange, in addition to achieving economic integration at regional level.