Egypt: Farid outlines financing tools to promote innovation, expand startups growth

▤ Summary

Egypt’s investment minister outlined new financing tools to support innovation and startup growth at the Startup Egypt event. The ministry and GAFI are working on updated legal and regulatory frameworks to make it easier for startups to operate and raise capital. The plan also includes broader use of convertible notes and the creation of a venture capital company with TSFE that will list on the Egyptian Exchange. The initiative aims to draw more indirect investment from banks, insurance companies, and pension funds into Egypt’s startup ecosystem.

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