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Egypt: A cooperation protocol to encourage financial inclusion and support for small investors

Media in Cairo, 6 January 2019
Bank Misr and Bay Nass, one of the companies of the Fikratak initiative, affiliated to the Ministry of Investment and International Cooperation, signed a cooperation protocol to provide an electronic platform to provide human resources management services and pay salaries through a card designed specifically for the people under the Ministry’s effective role in supporting entrepreneurs And empowering start-ups through your “business idea” platform for entrepreneurship.
The minister stressed in a press statement that the ministry is continuously working to support the integrated system of entrepreneurs, which is one of the priorities of the political leadership at this stage, noting that this protocol supports the small investor and is the beginning to support and empower young people in the next phase not only through funding But also through technical support, explaining that the MoI is keen on your idea of ​​your company and AVC to support start-ups.
The ministry focuses on three main axes: a supportive framework for entrepreneurship, transforming young people’s dreams into reality, and the idea of ​​a project on the ground, so the idea of ​​your company is to support start-ups. The initiative is based on partnership with entrepreneurs and their support for 100% with funding up to 500 thousand pounds, and one of the most prominent projects of the initiative in the first phase is the company “Bay NAS”.

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