News

January 24, 2018 - Wamda
Egypt’s fintech startups are growing in number, value, and specialization

“The wave of innovation sweeping through the world of financial technology promises nothing short of revolution … It will change the nature of money, shake the foundations of central banking, and deliver nothing less than a democratic revolution for all who use financial services,” said Mark Carney, the Governor of Bank of England announcing the bank’s aim to boost and support the fintech revolution. His words further accentuate financial inclusion fintech is preaching, especially in emerging markets...

December 13, 2017 - venturesafrica
Meet the winner of the ‘Elevator Pitch’ at the Africa 2017 forum

The winning prize for the “elevator pitch” competition at the Africa 2017 Forum was awarded to Omar Sakr, founder and CEO of Nawah-Scientific. The prize is an entry to a training programme at Stanford Business School in California, the spiritual home of modern day entrepreneurs.
Minister of Higher Education and Scientific Research, Egypt, Khaled Abdel Ghaffar, presented this award during the forum which held in...

December 7, 2017 - Egypttoday
42 start-ups founded under ‘Fekretak Sherketak’ program egypt today

CAIRO – 7 December 2017: "A number of 42 entrepreneurial companies were established in 13 governorates under the Ministry of Investment’s start-up program 'Fekretak Sherketak'," chairman of Egypt Ventures Shehab Marzban said Thursday.
Speaking to Egypt Today, Marzban said that each company has received between LE 100,000 and LE 500,000 in funds, “which gives more hope in the investment climate in Egypt,” he added.

December 7, 2017 - Egypttoday
Entrepreneurship is driver for growth in Africa

"There is a big gap in capital venture investments and we need funds to boost the confidence of the ecosystem," Marzban said, highlighting the significance of angel investors and offering tax incentives for entrepreneurship investors.

Mazban also stressed on the need of building academic institutions to teach entrepreneurial skills and business growth.

December 7, 2017 - Newspapers.africanplanet
42 start-ups founded under ‘Fekretak Sherketak’ program

"A number of 42 entrepreneurial companies were established in 13 governorates under the Ministry of Investment’s start-up program 'Fekretak Sherketak'," chairman of Egypt Ventures Shehab Marzban said Thursday.
Speaking to Egypt Today, Marzban said that each company has received between LE 100,000 and LE 500,000 in funds, “which gives more hope in the investment climate in Egypt,” he added.

Weekly.ahram
Starting with ideas

The government together with the private sector and NGOs is helping the country’s young people start their own projects, writes Mai Samih.

Many NGOs have long been assisting young people in starting their own businesses. However, now the government has also stepped in, establishing a new initiative called Fekretak Sherketak.

September 13, 2017 - Enterprise.press
Investment Ministry launches “Fekretak Sherketak” startup initiative

The Investment and International Cooperation Ministry launched the “Fekretak Sherketak” startup initiative targeting entrepreneurs across Egypt. Teams can apply for the initiative, which is part of the Egypt Entrepreneurship program (EEP), at www.sherketak.com. EFG Hermes and the UNDP are backing the initiative.

12/09/2017 - Startupsceneme
Egypt's first government-led accelerator just launched, and it has a startup tour bus

Fekretak Sherketak, led by Egypt's Ministry of Investment and International Cooperation, is the country's newest part of its plan to support its booming entrepreneurship economy.

The Cairo Marriott was bustling with activity this morning as the nation’s most prominent investors, businesspeople and entrepreneurs gathered to hear Egypt's Minister of Investment and International Cooperation, Dr. Sahar Nasr...