Egyptian Private Equity and Venture Capital Association and MSMEDA Egypt Sign MoU to Support Entrepreneurship in Egypt
- An MoU Signed Between MSMEDA Egypt and the Egyptian Private Equity and Venture Capital Association to Foster Egypt’s Entrepreneurship Ecosystem
- The training program aims to enhance institutional capabilities in direct investment and venture capital, with support from the World Bank and the Italian Agency for Development Cooperation.
- The collaboration seeks to increase investments in startups by training investors and strengthening partnerships between investors and fund managers.
Cairo, Egypt – In a step towards enhancing Egypt’s entrepreneurship ecosystem, MSMEDA Egypt has signed a Memorandum of Understanding (MoU) with the Egyptian Private Equity and Venture Capital Association to launch specialized support and training programs designed to strengthen investors’ capabilities in direct investment and venture capital.
Agreement Details and Its Role in Strengthening Direct Investment
According to Basil Rahmi, CEO of MSMEDA Egypt, the MoU includes the launch of a series of training programs tailored for investors and investment managers. These programs have been developed in collaboration with global experts and are supported by the World Bank and the Italian Agency for Development Cooperation.
The programs aim to:
- Train investors and fund managers to enhance their efficiency in dealing with startups.
- Strengthen partnerships between investors and investment managers to boost direct investment rates in Egypt.
- Create an attractive environment for investments in the startup and entrepreneurship sectors.
Supporting the State’s Vision to Boost Startups
During his speech at the summit where the agreement was announced, Basil Rahmi reaffirmed MSMEDA Egypt’s commitment to implementing the government’s strategy to support startups and small-scale entrepreneurs, in line with the directives of the Prime Minister.
He added that this collaboration is part of ongoing efforts to improve Egypt’s direct investment landscape by providing specialized training programs that help investors channel capital towards innovative startups, enhancing their growth potential and economic impact.
Implications of the Agreement on Egypt’s Entrepreneurship Ecosystem
This collaboration is expected to:
- Increase the volume of investments directed toward Egyptian startups.
- Enhance the efficiency of local investors in managing venture capital investments.
- Enable startups to access advanced financial and advisory support, improving their market success rates.
The MoU between MSMEDA Egypt and the Egyptian Private Equity and Venture Capital Association marks a significant step in stimulating Egypt’s entrepreneurship ecosystem. It opens new opportunities for both local and international investors to support startups in Egypt, reinforcing the country’s ability to achieve sustainable economic growth through investment in innovation and entrepreneurship.
