The Central Bank provides training programs on entrepreneurship for youth centers

The Central Bank provides training programs on entrepreneurship for youth centers
The Central Bank provides training programs on entrepreneurship for youth centers

Dr. Ahmed Hosni, Director of the Business Development Services Centers Program, affiliated with the Nile Pioneers Initiative funded by Egyptian Central BankAnd implemented by Nile National University, that the initiative provided during the last period training programs for a number of youth centers on entrepreneurship in cooperation with Ministry of Youth and Sports.

In his statements on the occasion of the celebration of the conclusion of the training program for the Business Incubator of the Banking Institute, Ahmed Hosni said that the initiative aims during the next phase to expand the Nile Pioneers centers for business development services within the youth centers of the Ministry of Youth and Sports, which number 4,250 centers spread across the governorates.

He added that the necessary training has been provided to more than 30 business development specialists, as a start for introducing and raising awareness of how to provide business development center services in a way that serves young people and facilitates them to implement their ideas and turn them into actual projects on the ground.

The director of the Business Development Services Centers Program emphasized that the idea of ​​waiting for a government job or even in the private sector is no longer feasible now, and young people must search for their own project and achieve their individual ambitions, noting that the unemployment rate in Egypt is more concentrated in the age group between 15 and 30 Years old, which is the young group who must search for the realization of their dreams by establishing his own factory, company, or project.

He pointed out that the “Egypt Projects” platform has a database on a large number of projects for young people who wish to search for ideas for their own projects, stressing that the work environment in Egypt is ready and suitable for the success of small and medium enterprises, pointing out that Egypt’s ranking in the field of entrepreneurship has improved. In recent years, out of 137 countries ranked 76th, there are opportunities for further improvement.

The Director of the Business Development Centers Program at the Nile Pioneers Initiative said that the initiative supports young people and entrepreneurs in all stages of any project, whether from the pre-start stage, and includes the formation of the idea, identifying the required skills, then the stage of studying the surrounding risks, then the stage of feasibility studies, the extraction of licenses and records, and then construction. Also, the matter does not stop there, but rather extends to the stage of marketing, networking and expansions.

Dr. Ahmed Hosni stressed the need for young people to absorb technology and its importance in any project in order to be able to compete and develop its business and products, and also to withstand competition in the market.

He pointed out that there are more than 89 business development specialists affiliated with the Nile Pioneers Initiative, spread in various governorates of Egypt through 28 centers within the banking system that provide all the services that young people and entrepreneurs need in crystallizing their ideas and transforming them into projects.

He stressed the importance of the new approach taken by the Nile Pioneers Initiative, in not waiting for young people to graduate from the university level, as the initiative addresses future youth in universities, and provides training and educational opportunities for them on the importance of private work and innovation.

It is worth noting that the Ministry of Youth and Sports, represented by the “Central Administration for Projects and Youth Training”, met two weeks ago with representatives of the Central Bank of Egypt to discuss mechanisms to support small and medium enterprises, within the framework of the “Nile Pioneers” initiative, which aims to establish and equip miniature units of centers. Business development inside youth centers to provide non-financial services to young people wishing to set up a private project, in addition to transferring requests for services that are not provided by the smaller units to the major business development centers in Egyptian banks. The project aims to establish 15 miniature units for business development centers within youth centers.

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