Original Story Published by: Rinchi for Tech In Africa
Photo Source: everipedia.org
(Above) Dr. Sagar Nasr, Egypt’s Minister of Investment and International Cooperation.
The World Bank supports youth and women entrepreneurship in Egypt through a $200 million investment. This investment will go to youth and women-led startups and increase their financial access.
The project is called Catalyzing Entrepreneurship for Job Creation and will channel US$245 million through non-bank financial institutions which will offer loans to small businesses led by youths and women in the country.
Dr. Sahar Nasr, Egypt’s Minister of Investment and International Cooperation:
“Our partnership with the World Bank Group aims to empower Egyptian women and youth to become successful entrepreneurs. This is an investment that offers many opportunities to improve the livelihoods of Egyptians through job creation and contributing a solid foundation for the country’s economy.”
Besides youth and women businesses, it also targets first-time borrowers and small businesses in the underserved regions across the country. The project also uncovers coaching opportunities to help them build the necessary skills and capacity to strive for success.
To read the full article, visit Tech In Africa.
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