Nafham wins Stars of Business award for SMEs

The pioneer online educational platform in the Middle East “Nafham” won the Stars of Business award for the best distance learning project. The company was honored as the best online startup during the SME beyond Borders summit held in Egypt in September 2016.

Mostafa Farahat, GM and Co-Founder of Nafham, expressed his delight to receive the Stars of Business award, saying “We worked since the launch of Nafham in 2012 to improve the quality of education provided to the Arab students and the Egyptians students in particular. The award has crowned our efforts and the support offered by the summit, leading banking institution such as National Bank of Abu Dhabi (NBAD) and Etisalat Egypt. ”

He added “As we have become one of those companies which attract the attention of banking institutions and telecommunications companies, it is considered a great success for startups and entrepreneurship sector in Egypt and a mark of a promising relationship which would develop the Egyptian entrepreneurship climate if integrated with this growing sector and fulfilled its needs.”

Farahat expressed his delight to be one of the speakers at the SME Beyond Borders forum, held in Cairo, pointing out that the SMEs are one of the development factors in both the developing and developed countries. He added that the increase of companies with social impact in the region, such as “Nafham”, opens new horizons for cooperation between large enterprises and these startups that would accelerate development and provide new useful services to the community.

Farahat said that the main objective of “Nafham” is to develop school students in Egypt and Arab countries in general through educational videos, making it easier for students to receive information without getting bored. It also helps teachers to explain the educational materials in simple ways. It is the secret recipe of excellence which contributed to increase the number of students using “Nafham” to half a million students and receiving that important award.

It is to be noted that “the SME Beyond Borders summit was held in Cairo, on September 26, to support SMEs and shed light on its importance for the society and the local economy. The other speakers included Sahar Nasr, Minister of International Cooperation; Ahmed Ismail Hassan, Country CEO of NBAD-Egypt; Khaled Rabie, CBO of Etisalat Egypt; Ashraf Gamal El Din, CEO of Hawkamah, the Institute for Corporate Governance, at the Dubai International Financial Centre (DIFC); Lobna Helal, Deputy Governor of the Central Bank of Egypt (CBE), and Soha Soliman, Managing Director of Social Fund for Development (SFD).