🇪🇬EgyptNorth Africa
Egypt launches Startup Egypt platform to boost entrepreneurship and investment
via Egypt Today3 min read
Egypt's Ministry of Investment and Foreign Trade has launched the “Startup Egypt” platform to support the country’s entrepreneurship ecosystem and accelerate startup growth. Minister of Investment and Foreign Trade Mohamed Farid stated that the platform will connect entrepreneurs and startups with government bodies, investors, and financing institutions. The ministry is also exploring the establishment of a venture capital company in partnership with The Sovereign Fund of Egypt to provide liquidity for startups, particularly during later growth stages. This proposed company aims to encourage major financial institutions like insurance companies, pension funds, and banks to increase their indirect investments in startups and offer flexible exit options through capital markets. Additionally, the Ministry of Investment and the General Authority for Investment and Free Zones are developing legislative and regulatory frameworks, including amendments to the Companies Law, to simplify business procedures, support modern financing tools, and facilitate shareholder agreements. Farid emphasized that expanding exports of digital services and products is crucial for Egyptian companies to compete globally, encouraging startups to use the local market as a launchpad for regional and international expansion. The “Startup Egypt” platform seeks to foster cooperation, dialogue, and knowledge exchange among entrepreneurs, investors, service providers, and supporting institutions to accelerate s
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This summary was AI-generated from a story originally published by Egypt Today.
Must ReadPresident Abdel Fattah El-Sisi and US President Donald Trump met on the sidelines of the G7 Summit in Évian, France, to discuss various issues. El-Sisi congratulated Trump on the upcoming 250th anniversary of US independence and reaffirmed Egypt's commitment to strengthening their strategic partnership, highlighting its role in regional peace. Trump welcomed this commitment and expressed interest in deepening bilateral ties. They agreed to intensify political consultations for regional peace and prosperity. Trump stated he would revisit the Grand Ethiopian Renaissance Dam GERD dispute, acknowledging it causes "tremendous problems for Egypt." He mentioned having previously secured a deal during his first term. El-Sisi emphasized the Nile River's importance for Egypt's national security, and Trump assured him of prioritizing a fair settlement. El-Sisi congratulated Trump on the Iran agreement, stressing its importance for ending war and de-escalation in the Middle East. He offered Egypt's support in coordination with partners for sustainable regional solutions. Trump praised Egypt's pivotal role and El-Sisi's efforts in Middle East negotiations and de-escalation, expressing a desire for continued coordination. El-Sisi also stressed that resolving the Palestinian cause is essential for lasting peace and stability in the Middle East. He hoped for concerted efforts to resolve regional conflicts, particularly the Palestinian cause, and reaffirmed Egypt's commitment to coordinating
Must ReadEgyptian President Abdel Fattah El-Sisi met with US President Donald Trump on the sidelines of the G7 Summit in Évian, France, on June 17, 2026. During their discussion, President El-Sisi underscored that resolving the Palestinian cause is crucial for achieving permanent peace and stability in the Middle East. He expressed hope for concerted efforts in the near future to resolve regional conflicts, prioritizing the Palestinian issue. El-Sisi also reiterated Egypt's commitment to coordinating with the US on implementing all aspects of Trump's peace plan for the Gaza Strip and efforts to restore calm and stability in the region. The talks also covered broader regional developments and the strategic relations between Egypt and the United States.
Must ReadUS President Donald Trump announced he would re-engage in the dispute over the Grand Ethiopian Renaissance Dam GERD during a meeting with Egyptian President Abdel Fattah El-Sisi at the G7 summit in Evian, France. Trump stated that the project is causing "tremendous problems for Egypt" and that the Nile River issue would be a key topic of discussion. He claimed to have previously settled a deal on the dispute during his first term, which was not maintained by a subsequent administration. The GERD, built by Ethiopia on the Blue Nile, has been a source of tension between Egypt and Ethiopia, with Egypt seeking a legally binding agreement for its filling and operation to ensure its water security. Egypt has previously accused Ethiopia of a "hasty and uncoordinated filling" of the dam.