The Egyptian government announced plans on Monday 11 November to increase investments in the entrepreneurship sector from USD 500 million (EGP 246 million) to USD 5 billion (EGP 246 billion) over an unspecified period of time. Prime Minister Mostafa Madbouly revealed this ambitious target during a recent meeting with representatives from ten leading entrepreneurial companies. The statement released by the Egyptian Cabinet did not clarify the identity of these companies. Recognizing the importance of entrepreneurship for Egypt’s youthful population, Madbouly highlighted the government’s commitment to supporting this promising sector. “Everyone acknowledges that this is a promising sector, a
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