ECONOMic resilience

Egypt to create fund to help late-stage technology startups

The government initiative has backing from the Sovereign Fund of Egypt and aims to address financing gaps at advanced stages of company growth

Jakub Porzycki/NurPhoto via Getty Images

The Nile Corniche

Egypt is exploring a new mechanism to finance late-stage startups, Investment and Foreign Trade Minister Mohamed Farid said.

The initiative, which involves the Sovereign Fund of Egypt, aims to address funding gaps at advanced stages of company growth...