PM: Egypt’s Entrepreneurship Sector Attracts Over $2B in Investments During Past 4 YearsSource: www.export-egypt.com 5/18/2024, Location: Africa |
|
|
|
|
|
Prime Minister, Mostafa Madbouly, announced that the entrepreneurship sector in Egypt has attracted investments exceeding $2 billion over the past four years.
Emphasizing Egypt’s commitment to fostering entrepreneurship, Madbouly highlighted the establishment of a dedicated unit for entrepreneurship and emerging companies. This unit, led by the CEO of the General Authority for Investment and Free Zones (GAFI) under the Cabinet, acts as a unifying platform for various entities involved in entrepreneurship in Egypt, facilitating interactions between young individuals, entrepreneurs, and emerging companies. Madbouly explained that the unit’s responsibilities include the development of appropriate policies, laws, and regulations to support the growth of emerging companies in Egypt. Since its establishment, the unit has been actively working on defining startups and entrepreneurship projects to streamline the issuance of classification certificates and ensure that startup companies can fully benefit from the advantages outlined in Law No. 152 of 2020. Furthermore, the unit has developed an integrated platform that consolidates services and procedures from various government agencies, offering comprehensive information about the supportive work environment for entrepreneurship in Egypt. The launch of the initial version of this platform is imminent, providing entrepreneurs with improved access to essential resources and information. The government has restructured Egypt Ventures to address entrepreneurs’ financing challenges. Egypt Ventures is an investment platform that provides adequate funding for pioneering projects in Egypt. It has already invested in multiple startups and collaborates with governmental and non-governmental service providers to offer technical support and specialized consultations to entrepreneurs. |
|
|
Financials and Investment News in Egypt >> |
 |
|||||
|
Egypt >> 11/21/2024 - An International Monetary Fund (IMF) mission led by Ivanna Vladkova Hollar wrapped up in-person discussions with Egyptian authorities in Cairo regardi...
|
Egypt >> 11/21/2024 - The Engineering Export Council of Egypt (EEC) revealed that engineering industry exports increased by 25.6 percent from January to September, reaching...
|
|
Egypt >> 11/20/2024 - Prime Minister Dr. Mostafa Madbouly held a meeting this morning at the government headquarters in the New Administrative Capital with Mr. Chang Won Sa...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouly, with Mahmoud Esmat, Minister of Electricity and Renewable Energy Minister, and Sultan Al Jaber, UAE Ministe...
|
|
Egypt >> 11/20/2024 - Egypt and Australia have seen a significant surge in their bilateral trade relationship, with the trade volume increasing from $270 million in 2015 to...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouli chaired the Cabinet’s weekly meeting in the New Administrative Capital.
The Cabinet is set to add... |
| Egypt Oil & Gas 1 >> 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 73 | 74 | 75 | 76 | 77 | 78 | 79 | 80 | 81 | 82 | 83 | 84 | 85 | 86 | 87 | 88 | 89 | 90 | |
