Minister of Planning and Economic Development and International Cooperation Rania Al-Mashat announced the expansion of the Orange Corners program to support startups in seven governorates.

Egypt is considering launching a unified financing initiative aiming to support over 5,000 startups, with 500 of these targeted companies attracting over $1 million each in investments.

The International Finance Corporation (IFC) is considering an equity investment of up to $6 million in Africa Seed Fund Co?peratief U.A. (Flat6Labs Africa) through its Startup Catalyst Program.

The Micro, Small, and Medium Enterprise Development Agency (MSMEDA) has announced a $3 million investment to enhance Egypt's entrepreneurship environment in collaboration with Foundation Ventures.

The Financial Regulatory Authority (FRA) has launched its first regulatory laboratory for the non-banking financial sector, designed to foster innovation among emerging companies offering smart digital solutions.

Egyptian Minister of Communications and Information Technology Amr Talaat inaugurated the Aswan Camp Series program at the Digital Egypt Creativity Center, Creativa, in Aswan Governorate.

Egypt's Minister of Communications and Information Technology Amr Talaat has officially launched the Invest IT program, designed to support emerging technology companies.

The CEO of the General Authority for Investment and Free Zones (GAFI) Hossam Heiba met with a delegation of startups affiliated with Endeavor, a global network supporting entrepreneurship, to explore investment opportunities in Egypt across sectors such as financial technology, electronic games, sustainability, and environmental protection.

Sawari Ventures, one of Egypt’s venture capital firms, is investing $30 million to launch two funds next year under its Sawari Ventures 2 initiative.

Egypt has been experiencing a significant rise in startup activity in recent years. These innovative ventures, often driven by young entrepreneurs, are emerging as key players in driving economic growth and technological advancement. However, despite their potential, Egyptian startups face a number of challenges that hinder their growth and development. To fully realize the potential of startups, it is essential to look into these challenges while exploring government policies and initiatives that can support their success.

DisrupTech, an Egyptian venture capital firm, is considering launching a $70 million fund to support startups by 2026.

The Egypt Proptech Challenge 2024, the country’s first competition for real estate technology, has announced the names of the winning startups to showcase cutting-edge solutions in the real estate sector.

Beltone Venture Capital, a subsidiary of Egypt's Beltone Financial Holding, is set to launch two new startup investment funds with a total target of $50 million, CEO Ali Mokhtar told Asharq Business.

EG Bank, in collaboration with the USAID-funded Egypt Business Program and DAI, has launched the Mint FinTech Accelerator.

Shell Egypt has reintroduced its Intilaaqah Egypt Program in collaboration with Flat6Labs Egypt, aiming to assist over 1,000 entrepreneurs across the country, as per a press release.

Connect Money, the rising banking-as-a-service fintech company, has secured $8 million in a seed funding round.

The Micro, Small, and Medium Enterprises Development Agency (MSMEDA) and Telecom Egypt have signed a memorandum of understanding (MoU) to support project owners, entrepreneurs, and startups and encourage startups to integrate into the formal sector.

Visa has shortlisted 22 startups from across Africa to take part in the second cohort of its Africa Fintech Accelerator program.

The proptech startup Birdnest has successfully closed a significant pre-Series A funding round, led by major investors including Beltone Venture Capital, a wholly-owned subsidiary of Beltone Holding, and CI Venture Capital.