The Enterprise Development Authority finances projects for women with a value of 12.9 billion pounds over 8 years

The Micro, Small and Medium Enterprises Development Agency is participating in the 25th session of the Arab-African Investment and International Cooperation Conference and Exhibition, under the title “Civil Society and Sustainable Development”.

Sally Saada, head of the technical office at the Enterprise Development Authority, said during the conference that the agency pumped 12.9 billion pounds of funding to women’s projects during 8 years, during which 767,296 small and micro projects were established, providing more than 943,000 job opportunities, and more than 943,000 jobs were trained. 32 thousand women and girls on the basis of entrepreneurship, which helps to empower them economically.

She added that the various services provided by the Enterprise Development Authority to support the small projects sector in cooperation with development partners from banks, NGOs and financing companies, in addition to direct lending from 33 branches of the Authority in all governorates, as well as financing entrepreneurship projects, according to the venture capital mechanism, adding that the Agency is expanding In financing micro-projects, it focuses on group lending projects for women, breadwinners, and people of determination, in cooperation with NGOs.

And Saada continued, in a press statement, today, Friday, that the agency is working to provide a variety of technical services to develop the skills of citizens, especially youth and women, and help them set up new small projects and expand their existing projects.

It is noteworthy that the agency’s participation in the Arab-African Investment Conference and International Cooperation comes as an activation of the memorandum of understanding concluded between the Enterprise Development Authority and the Union of Arab Women Investors, with the aim of providing decent and sustainable job opportunities for young people, especially women-owned enterprises.

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