Egypt's CBE issues EGP5b FRN T-bonds    EHA launches national telemedicine platform with support from Egyptian doctors abroad    Madbouly reviews strategy to localize pharmaceutical industry, ensure drug supply    Egypt's real estate market faces resale slowdown amid payment pressures    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 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's FM heads to Doha for talks on Israel escalation    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    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



AfDB provides EGP 10m grant to support Egypt's entrepreneurship ecosystem
Egypt's position in GII is advancing due to recent legislative reforms, says Blomberg
Hagar Omran Published in Daily News Egypt on 29 - 07 - 2019

The Ministry of Investment and International Cooperation signed EGP 10m grant agreement with the African Development Bank (AfDB) on Sunday, to promote entrepreneurship ecosystem in Egypt, as part of the ministry's Fekretk Sherketk (Your idea is your company) initiative.
The grant agreement aims to back the ministry's entrepreneurship support centre through expanding its services, according to a statement by the ministry, noting that the center's activities include building capacity of the entrepreneurs and raising awareness of the innovative financial instruments especially for women outside Cairo.
The new cooperation with the AfDB will play an important role in developing the entrepreneurship activities through offering the needed legislative assistance to the entrepreneurs, Minister of Investment Sahar Nasr said, asserting her ministry's keenness on adopting policies that support different kinds of projects with all sizes.
"Supporting startups is a priority for us. All the international statistics assert that the small and medium enterprises offer many job opportunities for youth and women," Nasr mentioned.
Egypt is keen to have an integrated platform for supporting youth in Africa, she said, noting that the New Investment Law encourages entrepreneurs.
AfDB launched an initiative to support entrepreneurs throughout the region and provide grants to support innovations and startups in 2016, Malinne Blomberg, country manager of Egypt at AfDB, said, praising Egypt's efforts in supporting entrepreneurs and legislative reforms that has been adopted to improve the business and investment environment.
Egypt's position in the Global Innovation Index (GII) is advancing due to the recent legislative reforms, Blomberg said, adding that Fekretk Sherketk is a good hub for offering services to entrepreneurs.

Clic here to read the story from its source.