Venture capital investments in Egypt expected to cross $1bn in 2022 – The National
- Date: 14-Mar-2022
- Source: The National
- Sector:Financial Markets
- Country:Egypt
Venture capital investments in Egypt expected to cross $1bn in 2022 – The National
Venture capital investments in Egypt more than tripled annually in 2021 to $445 million and are expected to cross $1 billion this year, the American University of Cairo said.
“For the past five years, we’ve seen a point of inflection in investments in start-ups,” said Ayman Ismail, the Abdul Latif Jameel Endowed chair of entrepreneurship and associate professor at the AUC business school, during a webinar on Monday.
“The venture capital space has been booming substantially.”