The new leadership at the Micro, Small and Medium Enterprises Development Agency (MSMEDA) is focusing on making the system for supporting businesses and entrepreneurship much more efficient. They plan to do this by improving services, speeding up digital transformation, and expanding partnerships with government bodies and financial institutions. This approach will strengthen MSMEDA's role in achieving Egypt's economic development goals. These new directions were announced during the first meeting held by Mostafa Ismail Hassan, MSMEDA's new CEO, with the senior management committee. The meeting was also attended by Basil Rahmy, the former CEO. This follows the decision by Prime Minister Dr. Mostafa Madbouly to appoint Mr. Hassan as the agency's new chief. During the meeting, MSMEDA's leaders reviewed the key development and economic programs the agency oversees, along with the achievements made in supporting micro, small, and medium enterprises and entrepreneurship in the past period.
Related editorial

Corner, the Gen Z Social Map, Secures $7.5M to Power AI-Driven Discovery
Corner, a social mapping app popular with Gen Z, has successfully raised its total funding to $7.5 million. The company is leveraging this investment to enhance its platform, particularly by integrating artificial intelligence into its search engine. This allows Corner to provide personalized recommendations based on user reviews and in-app content, moving beyond traditional map services to offer a more tailored discovery experience.

GIZ Egypt Invites Companies to Help Innovate Funding for Technical Education
GIZ Egypt is inviting companies with expertise in public financial management, business model development, public-private partnerships, or sustainable finance to express their interest in an upcoming tender. The goal is to find innovative ways to fund technical education schools, making the sector more sustainable.

Uber Launches 'Mashwarha' Initiative to Boost Women's Economic Empowerment in Egypt
Uber is teaming up with Injaz Egypt for the first phase of its new 'Mashwarha' initiative. This program will offer comprehensive training to female driver-partners on the Uber platform, equipping them with practical skills to help them grow both personally and professionally. It's all about empowering women and fostering economic inclusion in Egypt!

Saudi Startups Raise $219 Million in H1 Funding, FinTech Leads the Pack
Even though Saudi startup funding dipped to $219 million in the first half of the year, the Kingdom held strong as the second-biggest venture capital market in the region. Early-stage investments kept things buzzing, and FinTech continued to be the top dog, grabbing a huge chunk of the funding.

