The next stage will witness cooperation between the Kayan Foundation for Community Development and Enroot Company within the framework of dialogue to come up with proposals and ideas that will encourage start-ups and entrepreneurship, support investment and open new horizons to provide more job opportunities for young people.
The proposals aim to define the legal form of social entrepreneurship, the role of the state in developing this sector, and amend Law 152 of 2020 by adding mechanisms to stimulate local establishments in the public and private sectors in Upper Egypt and the least developed governorates, to allocate a percentage of their purchases from local entrepreneurs and cooperatives, and find mechanisms to develop a vision for a package of incentives necessary to support exports and exporters from Upper Egypt.
The Kayan Foundation has formed a working group to receive proposals, and it is scheduled to organize a group of round tables on the topics raised to listen to all stakeholders and partners concerned with this file in preparation for coming up with the best possible recommendations.