EGYPT – TheAfrican Development Bank Group (AfDB) has signed a US$4.56 million grant that seeks to support entrepreneurial development in Egypt.
The grant was signed by Minister of Investment Sahar Nasr and AfDB’s country Manager of Egypt Malinne Blomberg aims at supporting empowering entrepreneurs across the country.
Sahar Nasr said that the fund will support creative ideas of researches especially from youth and women in across agriculture, renewable energy and creative industries including handicrafts.
According to a report by Egypt Today, the funds will also enable in provision of a national support platform for entrepreneurs and boosting connections with regional platforms.
This will be facilitated through network connections, promotions and events and developing the ability to attend Arabic training sessions related to entrepreneurship and start-ups online.
Nasr said that the ministry remains committed
“These programs will cover training on entrepreneurship and priority sectors with grants that amount to US$3,000 for each workshop to satisfy early development needs,” she said.
According to the
Minister of Higher Education Abdel Ghaffar said that the grant will be executed through the Academy of Scientific Research and Technology, connecting it to the AfDB.
Blomberg said that the bank’s remains committed
She added that the grant is based on clear energy and creativity as part promoting