The Micro, Small, and Medium Enterprises Development Agency (MSMEDA) and Telecom Egypt have signed a Memorandum of Understanding (MoU) to support entrepreneurs and startups, aiming to enhance their capabilities, productivity, and competitiveness both domestically and internationally.
Signed by Basil Rahmi, CEO of MSMEDA, and Mohamed Nasr, Managing Director and CEO of Telecom Egypt, the agreement aims to integrate project owners and entrepreneurs into the formal sector by providing special packages for mobile phone lines and fixed internet services. This initiative is designed to improve their competitiveness in local and global markets under modern technological systems.
Under the MoU, Telecom Egypt will offer special mobile and fixed internet packages to project owners who regularize their status with MSMEDA. The company will also work to enhance the use of information and communication technology within the agency to better serve its beneficiaries, thereby providing better opportunities for project owners and entrepreneurs.
Rahmi emphasized MSMEDA’s commitment to collaborating with state entities and institutions to implement political leadership directives. These directives focus on providing comprehensive support to the SME sector to ensure its stability, growth, and active participation in economic development. Rahmi highlighted the agency’s efforts to implement the SME Development Law and expand the provision of various benefits and incentives to encourage informal projects to join the formal sector.
He noted that collaborating with one of Egypt’s largest telecommunications companies will provide additional support to startups, entrepreneurs, and existing projects. This will encourage them to embrace digital transformation and modern technology, enhancing their capabilities, boosting productivity, and improving competitiveness both locally and internationally.
Mohamed Nasr emphasized Telecom Egypt’s pivotal role in promoting entrepreneurship and supporting development efforts. The company’s technical expertise enables it to offer top-notch telecommunications and information technology services to companies and institutions. Telecom Egypt actively collaborates with entities supporting project owners, entrepreneurs, and startups, fostering an advanced technological environment.
Mohamed Abu Taleb, Deputy CEO for Commercial Affairs at Telecom Egypt, highlighted the company’s commitment to enhancing services for small, medium, and micro enterprises, thereby promoting entrepreneurship and economic development.
