USAID supports initiation of Egypt’s first women entrepreneurs network

CAIRO – 18 Novembre 2018: The U.S. Agency for International Development (USAID) has cooperated with a number of Egyptian organizations to launch the Women Entrepreneurs Network (WEN), the U.S. embassy in Cairo said in a Sunday press release.

This cooperation comes as an affirmation to the U.S. government’s support for entrepreneurship in Egypt in general and as part of the U.S. Embassy’s long-standing commitment to economic development in Egypt.

The United States Agency for International Development is an independent agency of the United States federal government that is primarily responsible for administering civilian foreign aid and development assistance.

“The Network will provide training in financial literacy, connections to online marketplaces, and assistance in general to Egyptian women who want to start and manage their own businesses,” the statement said.

It will act as a platform for women entrepreneurs, associations, service providers, and other stakeholders to ensure that more women across Egypt receive services essential to their entrepreneurial success, according to the statement.

Aspiring women entrepreneurs as they learn to create business plans and present their ideas to potential investors - Courtesy of the U.S. Embassy in Egypt

At the launch, which was attended by more than 200 women entrepreneurs, businesswomen, and actors in the entrepreneurial ecosystem, USAID/Egypt Mission Director Sherry F. Carlin said, “We are confident that the Women Entrepreneurs Network will be a dynamic force in helping members achieve success by creating linkages among relevant stakeholders and services.”

The Women Entrepreneurs Network is part of a comprehensive package of technical assistance from the American people that promotes job creation, economic recovery, private sector business growth, and a stronger trade and investment environment.