Egypt wins 3 seats in International Council for Small Business elections

2017-07-31 09:02:29

(MENAFN- Daily News Egypt) Egypt won three seats in the International Council of Small Business' board of directors elections held in the Argentinean capital Buenos Aires.

Ahmed Othman won the first vice president seat along with the membership of the executive office, while Amr Abu Al Azm won the vice president for micro finance seat, and Ahmed Shalabi won the vice president for special projects seat. The election also resulted in the winning of new members from Finland, the USA, Indonesia, China and Argentina.

According to Othman, the elections showed the world's appreciation of Egypt's efforts in the field of entrepreneurship, small and micro projects, in light of the development initiatives launched by the political leadership of the country last year with the aim to achieve sustainable development.

He asserted that the International Council for Small Business has agreed to hold the next board meeting in Egypt by next November, and also approved the establishment of the world's first university to graduate entrepreneurs in Egypt by 2020, and the second university will be established in South Korea by 2024.

Othman added that the council will launch a global project to finance entrepreneurs through modern financial techniques and interactive platforms during the first quarter of next year.

The council will also launch a package of training programs by the end of 2017 in six languages; Arabic, English, French, Spanish, Italian, and Korean.

He added that the Egyptian government pays great interest in entrepreneurship and small and medium enterprises, which appears in the establishment of the Small and Medium Enterprises Development Authority as well as the Egyptian Entrepreneurship Company.

The International Council of Small Business was established in 1956 and is located in Washington.

The council holds regular meetings and conferences to exchange knowledge and formulate policies and strategies on the development of small and micro enterprises globally.

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