Egypt gov’t forms ministerial cluster to boost entrepreneurship landscape

According to the statement, the cluster will be headed by Minister of Planning, Economic Development and International Cooperation Rania Al-Mashat and includes Minister of Communications and Information Technology (MCIT) Amr Talaat, Minister of Higher Education and Scientific Research Ayman Ashour, Minister of Finance Ahmed Kouchouk, Minister of Supply and Internal Trade Sherif Farouk, and Minister of Investment and Foreign Trade Ahmed ElKhatib.

Additionally, the cluster will also include the Chief Executive Officer (CEO) of the Micro Small and Medium Enterprises Development Agency, Bassel Rahmy, and representatives for the Ministry of Industry, the Central Bank of Egypt (CBE), and the Financial Regulatory Authority (FRA).

This cluster aims to support the entrepreneurship environment to achieve and accelerate sustainable economic growth. It also allows the boosting of the entrepreneurship environment and the creation of adequate job opportunities.

In addition, the cluster will establish and manage joint programmes to support startups that combine the resources and experiences of different ministries.

In July, Prime Minister Mostafa Madbouly issued a decree to establish a ministerial economic cluster, which includes the Governor of the Central Bank of Egypt Hassan Abdullah, Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat, Minister of Finance Ahmed Kouchouk, Minister of Supply and Internal Trade Sherif Farouk, and Minister of Investment and Foreign Trade Karim ElKhatib.