Bassel Rahmy, Chief Executive of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), announced that 40 companies have applied for the Agency’s classification certificate dedicated to innovative start-ups, enabling them to benefit from a wide range of government services, incentives and supportive legislation. Rahmy said the move reflects growing interest among entrepreneurs in formalising their status to access state-backed facilitation measures designed to strengthen micro, small and medium enterprises (MSMEs). The certificate allows eligible companies to take advantage of incentives offered by various government entities under Egypt’s entrepreneurship support framework. Rahmy highlighted the extensive support mechanisms being introduced in line with the Start-ups Charter, announced on the sidelines of the RiseUp Summit. He stressed that the state is offering exceptional investment opportunities for young entrepreneurs, enabling them to expand operations and penetrate export markets.

Source: Daily News Egypt February 15, 2026 19:33 UTC