IN-COUNTRY SEMINAR FOR EGYPT
Greening the Egyptian economy: EBSM looks for opportunities to tap into the job/ wealth creation potentials for Egyptian SMEs
On December 17th and 18th in Cairo, Egyptian policymakers, members of civil society, academia and the private sector rubbed shoulders to explore how a "greening" of industrial strategies for Egyptian SMEs, allied to strong policies for innovation, could become a motor for future employment. The two-day training seminar - organised by EBESM in close collaboration with Egypt’s IMC (Industrial Modernisation Centre) -provided an ideal forum for high-level knowledge-sharing and interactive discussions.
The workshop came at an opportune moment, since the fuel and electricity subsidy reforms implemented by the Government are creating significant economic incentives for 'greening' growth in Egypt.
To boost economic potential and the competitiveness of Egypt’s SMEs, participants identified and analysed concrete actions to create opportunity and eliminate hurdles for Small Businesses, in such promising sectors.
Taking into account the conclusions of the seminar, Egypt, under the proactive leadership of the IMC, decided to move immediately forward on this issue and to create a forum for SMEs to address challenges facing the greening of businesses, exchange of knowledge and information between SMEs, and between them and the Government.