Venture capital investments in Egypt expected to cross $1bn in 2022 – The National

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.”