NILE TECH

Egypt hatches $1 billion plan to nurture projected 5,000 startups

Egypt's young technology companies have been gaining traction, pulling in $238 million in venture capital over the past year and creating jobs

Ahmed Gomaa/Xinhua via Getty Images

Students and faculty at Al Ain University in Cairo created a robotic nurse to help medical teams during the COVID-19 pandemic

Egypt has rolled out a National Startup Charter, unveiling a $1 billion plan to turn young companies into engines of jobs and growth.

The five-year program is designed to back about 5,000 startups and create half a...