Sunday, September 28, 2025
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home Africa

World Bank Channels $200 million to Support Egyptian Startups, Women and Youths

Tech Gist Africa by Tech Gist Africa
04/24/2019
in Africa, Africa News, News
0 0
0
World Bank Channels $200 million to Support Egyptian Startups, Women and Youths

Photocredit: guardian.ng

0
SHARES
Share on FacebookShare on Twitter

The World Bank announced last week that it will support startups in Egypt with $200 million to help fund businesses and create job opportunities for youths and women. The program will also fund coaching opportunities for new businesses to build capacity and hone skill.

The program, dubbed “Catalyzing Entrepreneurship for Job Creation” will address the business challenges faced by women and youths. This is as a result of the difficulty SMEs face in accessing funds from financial institutions. The sum of $145 million will be provided for non-financial institutions to offer loans to small businesses.


See also: Resplash Initiative Seeks to Support Entrepreneurship In Africa


Small and medium enterprises make up more than 98% of businesses in Egypt and creates employment for the citizens. The World Bank has so far committed $6.69 billion in 16 projects to expand social protection and inclusion, develop digital strategies, improve competitiveness and provide infrastructure in developing parts of Egypt.

The Minister of Investment and International Cooperation & Representative on the World Bank’s Board of Governors in Egypt, Dr Sahar Nasr said that the partnership with the World Bank Group is aimed at empowering women and youths to become successful entrepreneurs. The investment will create more jobs and contribute to the economy of Egypt.

 

More on TechGist Africa:

  • SA’s Salt River High School Receives Computer Lab from Alumni
  • Samsung Postponed Release of the Galaxy Fold, Here’s Why
  • IMF and World Bank Launches Cryptocurrency Dubbed ‘Learning Coin’ to Study Blockchain Technology
  • World Economic Forum Brings Fourth Industrial Revolution Center to South Africa
  • MIT Inclusive Innovation Challenge 2019 Comes to Africa for the First Time

 

ShareTweet
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a leading online technology and digital media outlet, dedicated to providing latest tech news, product launch, startup news across Africa and sharing simple social media and digital marketing tips for startups, entrepreneurs and business owners.

Related Posts

Rulebase
Funding

Rulebase Secures $2.1M Pre-Seed Funding to Revolutionize Fintech Back-Office Automation

by Tech Gist Africa
09/26/2025
0

Rulebase, a Y Combinator-backed fintech startup, has raised $2.1 million in pre-seed funding to automate back-office operations in financial services....

Read more
SunCulture Kenya

SunCulture, a Kenyan climate-tech startup has secured a $5 million funding

09/26/2025
AGF Visa Foundation

AGF and Visa Foundation Unveil $2M Fund for Women Entrepreneurs in Africa

09/26/2025
Justyol Morocco

Justyol, a Moroccan e-commerce startup has raised $1 million in funding

09/26/2025
Mavryk Network UAE

Mavryk Network Secures $10M to Revolutionize UAE Real Estate with Blockchain Tokenization

09/26/2025
Next Post
South Africa

South African Government Finally Heeds to the Cries of FEDHASA, Regulates Airbnb

MIT’s Innovation Challenge 2019 Comes to Africa for the First Time, Osolo’s Katapult Future Fest 2019 to Feature Nigeria’s Publiseer and More

MIT's Innovation Challenge 2019 Comes to Africa for the First Time, Osolo’s Katapult Future Fest 2019 to Feature Nigeria’s Publiseer and More

Focus, Youth & Character: Clarisse Iribagiza

Focus, Youth & Character: Clarisse Iribagiza

No Result
View All Result

The Big 5

Food Security

How Technology is Advancing Global Food Security and Reducing Hunger

by Tech Gist Africa
09/26/2025
0

...

Nvidia Abu Dhabi Robotics Lab

Nvidia and Abu Dhabi Institute Launch Middle East’s First AI & Robotics Lab

by Tech Gist Africa
09/26/2025
0

...

MultiChoice

Canal+ has officially completed its $3.17 billion acquisition of South Africa’s MultiChoice Group

by Tech Gist Africa
09/26/2025
0

...

216 Capital & Plug and Play Accelerator

216 Capital & Plug and Play Launch Tunisian Accelerator to Bridge Local Startups to Global Stage

by Tech Gist Africa
09/26/2025
0

...

Funding

Groundbreaking UK Tender Aims to Map East Africa’s Start-Up Financing Landscape

by Tech Gist Africa
09/26/2025
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.