Italian credit line with the Micro, Small and Medium Enterprise Development Agency (formerly Social Fund for Development) – AID 6437
Total Funding: € 12.600.000
Place of Intervention: Egypt
Description: This initiative aims to make available to Egyptian MSMEs loans at subsidized interest rates through the local banking system for the purpose of acquiring machinery to cope with a technological update necessary for the sustainable development of their business. The priority, but not exclusive, sectors identified are agricultural mechanization and agri-food industry, leather, wood, marble, textile, packaging processing.
Implementation Partner: Micro, Small and Medium Enterprises Development Agency (MSMEDA)
Local Partner: Ministry of International Cooperation.
Duration: 24 years
SDGs: SDG 8, SDG 9.
Private sector development in Egypt – AID 10698
Total Funding: € 45.000.000
Place of Intervention: Egypt
Description: The project aims to contribute to the creation of a favourable environment for the development of the private sector, ensuring sustainable development and inclusive growth of the country's economy. To this end, the initiative will provide both financial services (credit line, technological updating) and non-financial services (training and development of human resources).
Implementation Partner: Ministry of Trade and Industry.
Local Partner: Ministry of International Cooperation.
Duration: 36 Months
SDGs: SDG 8, SDG 9.
Support for the development of the Tanning District “Robbiki Leather City – RLC” – AID 11128
Total Funding: € 6.000.000
Place of Intervention: Egypt (Robbiki Leather City – Badr City)
Description: The initiative provides support to the Egyptian government and tanners in the Robbiki Leather City and contributes to the development of production activities with modern and environmentally friendly techniques in line with international standard.
In particular, it provides the Cairo Investment Development Co. – CID (management company of ecological services) and the Leather Tanning Technology Centre - LTTC (training centre), set up within the Robbiki Leather City, with support for the organization of their service activities, through the supply of equipment and of specialized technical assistance provided by Italian experts.
Implementing partner: AICS Cairo.
Local Partner: Ministry of International Cooperation.
Duration: 24 months
SDGs: SDG 9, SDG 11, SDG 12.
Accelerating High Growth Entrepreneurship in Egypt – AID 12617
Total funding: € 5.000.000
Place of Intervention: Egypt
Description: This initiative aims to bridge key gaps in the high-growth entrepreneurship eco-system in Egypt through four activities: 1) improving investment readiness capabilities of start-ups and entrepreneurship support organizations (ESOs); 2) piloting an international linkages accelerator; 3) scaling up business angel investing; and 4) strengthening the venture capital sector by building capacity of local fund managers and investors.
Implementing Partner: World Bank
Local Partner: MSMEDA
Duration: 36 months
SDGs: SDG 8