Tag Archives | MSMEs

MoU to Boost Private Sector in Iraq

The United Nations Development Programme (UNDP) in Iraq and the Iraqi Ministry of Planning (MoP) have today signed a new Memorandum of Understanding (MoU) that will boost the private sector through micro, small and medium enterprises, create job opportunities and support an inclusive growth policy. The MoU provides a general framework for cooperation between the […]

New USAID-funded Business Accelerator in Iraq

The United States Agency for International Development (USAID) and Top Mountain have launched a Business Accelerator Project to assist micro, small, medium-sized businesses (MSMEs) in Iraq to provide immediate assistance to help their business recover, develop, and grow. In support of this effort, Top Mountain will distribute USAID-funded grants to 15 Iraqi businesses.  These grants […]

New Survey of Iraqi SMEs during COVID-19

New Survey of Small and Medium Enterprises Offers Insight into State of Iraq's Economy During COVID-19 Pandemic Measures taken to curb the spread of COVID-19 have led to reduced operating hours or the closure of many of Iraq's small and medium-sized enterprises (SMEs). The economic impact of the pandemic is expected to be severe. To […]

KAPITA launches Iraqi Angel Investor Network

KAPITA launches the first Iraqi dedicated Angel Network The Iraqi entrepreneurship ecosystem receives a major boost with the launch of the first Iraqi angel investors network KAPITA is launching Iraq's first Angel Investor Network - IAIN ( https://iraqangels.net/ ) that is dedicated to connecting startups with angel investors in order to develop the Iraqi entrepreneurship […]

Celebrating the Small: MSMEs in Iraq

In Iraq, a country most recognized for its oil production, it's the micro - small - and medium-enterprises (MSMEs) that bring life and colour to the streets. Despite being the 'small' players in business, the private sector (excluding oil) accounts for close to 60% of employment, with MSMEs active in the widest range of sectors […]

IBBC, World Bank introduce Free Training for Iraqi SMEs

You are invited to help IBBC and World Bank to introduce Iraqi SME's to FREE business training courses WHEN: 29th June, 6pm to 8pm Iraq time Please share this free business training initiative and the course registration with any SME in your network, however small, and encourage them to sign up. Arabic version for sharing with […]

Impact of COVID-19 on SMEs in Iraq

Small and Medium Enterprises (SMEs) have been heavily affected by the COVID-19 pandemic, due to the closures and reduced working hours recommended to curb the spread of the virus. To better understand the impact of COVID-19 on SMEs, IOM Iraq conducted a survey with 456 enterprises active in different sectors in urban areas of Iraq […]

Reflections on Investments in Iraq’s Tech Ecosystem

By Alice Bosley and Patricia Letayf, Co-Founders of Five One Labs. Reflections on Investments in Iraq’s Tech Ecosystem 2019 showed an exciting development for Iraq's entrepreneurial ecosystem: the investments in two Iraqi tech startups - e-commerce company Miswag, which received investment from Iraq Tech Ventures, and Lezzoo, the first Iraqi startup to join Silicon Valley’s […]

Govt Finance Schemes to Support SMEs, Innovation

Iraqi government’s finance schemes to support SMEs and business innovation To support small and medium private-sector projects, the Iraqi government, through the Central Bank of Iraq (CBI) and with the participation of a number of private and state-owned banks, has made available several types of loans. The loans are available to all Iraqis. According to […]

Start-Up Competition in Baghdad

By John Lee. Forty-five start-ups have presented their projects to a jury at a competition in Baghdad. They were selected from an initial list of 250 applicants, with a final 20 being chosen to participate in the Orange Corners incubation programme. Orange Corners Baghdad is an initiative of the Dutch Embassy in Baghdad, and is […]

Top Mountain, USAID launch Business Incubator

Top Mountain in partnership with USAID is launching a business incubator and employment program. The goal of the program is to promote economic growth and increase employment opportunities to support minorities from Ninewa targeted by ISIS. Program activities will focus on achieving three core objectives designed to support this goal. Firstly, outreach campaigns will be […]