EGX closed in mixed notes on Sept. 15    Egypt's Sisi, Qatar's Emir condemn Israeli strikes, call for Gaza ceasefire    EHA launches national telemedicine platform with support from Egyptian doctors abroad    Madbouly reviews strategy to localize pharmaceutical industry, ensure drug supply    Al-Mashat tells S&P that Egypt working to reduce external debt, empower private sector    Cairo's real estate market shows resilient growth as economy stabilizes: JLL    Egypt's real estate market faces resale slowdown amid payment pressures    Egypt's Foreign Minister, Pakistani counterpart meet in Doha    Egypt condemns terrorist attack in northwest Pakistan    Emergency summit in Doha as Gaza toll rises, Israel targets Qatar    Egypt renews call for Middle East free of nuclear weapons، ahead of IAEA conference    Egypt's EDA, Korean pharma firms explore investment opportunities    Egypt advances plans to upgrade historic Cairo with Azbakeya, Ataba projects    Egyptian pound ends week lower against US dollar – CBE    Egypt hosts G20 meeting for 1st time outside member states    Lebanese Prime Minister visits Egypt's Grand Egyptian Museum    Egypt to tighten waste rules, cut rice straw fees to curb pollution    Egypt seeks Indian expertise to boost pharmaceutical industry    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt recovers collection of ancient artefacts from Netherlands    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Egyptian, Ugandan Presidents open business forum to boost trade    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt, Huawei explore healthcare digital transformation cooperation    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







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World Bank's IFC, Egypt spot over 100 start-ups to speed up Africa innovation
Published in Amwal Al Ghad on 08 - 12 - 2018

The World Bank's International Finance Corporation (IFC), and Egypt's Ministry of Investment and International Cooperation (MIIC) have selected more than 100 high-potential start-ups to take part in a new initiative for innovation in Africa.
The anticipated initiative is designed to spur innovation and job creation across the African continent.
The start-ups include Vezeeta, Avidbeam, and Next Protein. They and other selected companies will participate in Africa's Next Start-Ups programme, a joint IFC-MIIC effort that helps provide up-and-coming small businesses with funding and advice.
The programme connects such companies with potential investors, financial institutions, business leaders, and policymakers. It is designed to support the continent's budding start-up culture and create opportunities for entrepreneurs, who often struggle to secure growth capital and have few places to turn for guidance.
As part of the programme, the start-ups and other entrepreneurs will attend the Africa 2018 Forum in Sharm El Sheikh, Egypt.
"Africa is brimming with entrepreneurs whose drive and creativity have the potential to transform the industries in which they work," said Philippe Le Houérou, IFC's Chief Executive Officer. "With the right support, African start-ups can help create the high-quality jobs that are so urgently needed while reducing poverty and finding solutions to some of the continent's most urgent challenges."
More than 500 business from 35 African countries applied to be part of the programme. The companies selected represent those with the greatest potential to achieve a positive impact on their communities. They come from across the African continent—including Burkina Faso, Egypt, Ghana, Kenya, Morocco, Nigeria, and South Africa. They operate in a range of sectors, including education, health care, logistics, and software.
The initiative is part of IFC's advisory programme in the Middle East, which aims to boost access to finance, ease business regulations, support entrepreneurs, and help businesses improve governance. With over 56 active projects across 15 countries, IFC's advisory services are made possible with support from our development partners—Switzerland's State Secretariat for Economic Affairs (SECO) and the UK's Department for International Development (DFID).


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