Egypt launches National Initiative for Sustainable Entrepreneurs – Climate change – COP27

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MedWaves representative Giorgio Mosangini speaks during the National Initiative for Sustainable Entrepreneurs (NISE) in Support of the Green Economy on Tuesday, October 11, 2022. Photo courtesy of Cedare.

The initiative is being launched in partnership with the Center for Environment and Development for the Arab Region and Europe (CEDARE) and MedWaves (the UNEP/MAP Regional Activity Center for Sustainable Consumption and Production).

The initiative is aimed at all stakeholders in the field of entrepreneurship and sustainable economy in Egypt, who will receive extensive technical support and access to stimulating business connections.

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They also benefit from an excellent training program designed to enable them to pass on the know-how they have acquired to a broader base of entrepreneurs nationwide.

The training includes 140 entrepreneurs in Greater Cairo and Upper Egypt. The top 16 will benefit from an eight-month incubation period, which will ultimately qualify them to become a pioneer in sustainable entrepreneurship in Egypt.

The presentation was attended by Sylvie Fontain representing the European Union Delegation to Egypt, Giorgio Mosangini representing MedWaves, Hossam Allam representing CEDARE and Heba Sharawy representing the Ministry of the Environment.

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“NISE brings together multiple stakeholders (business support organizations, financial institutions, policymakers, etc.) with a common goal of fostering the creation of sustainable and circular businesses that address Egypt’s key environmental challenges,” Mosangini said.

In addition, Allam stated that they are “proud to launch NISE at a time when the Egyptian government, led by President Abdel Fattah El-Sisi, is focused on promoting sustainable entrepreneurship and is making significant progress in this direction “.

In her speech, Sharawy said: “The main objective of the project is to promote the transition to a green economy and sustainable management of marine resources. It also aims to create jobs and introduce environmental and sustainability standards for small and micro businesses in Egypt.”

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The NISE is being launched as part of Egypt’s SwitchMed Down the Nile project to support a sustainable economy and green and blue entrepreneurship. It is in line with Egypt’s efforts to promote medium, small and micro enterprises and Egypt Vision 2030.

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