$52mln increase in sales of firms benefiting from incubation, export support programmes since 2019: NilePreneurs

$52mln increase in sales of firms benefiting from incubation, export support programmes since 2019: NilePreneurs

Egypt - The NilePreneurs initiative, launched by the Central Bank of Egypt (CBE) and implemented by the Nile University, has announced about EGP 1bn increase in the sales of companies benefiting from the incubation and export support programmes offered by the initiative since its launch in 2019 until the end of 2022.

Heba Labib, Executive Director of the initiative, said in the initiative’s harvest report for the year 2022, that the initiative provided more than 2,000 job opportunities through the supported companies, and more than 150 businesswomen were supported as founding partners of startups, and small and medium enterprises, in addition to training and networking more than 1000 companies with investors and industry experts, the initiative has also helped more than 260 companies achieve digital transformation.

She added that the initiative’s incubation programs have contributed to supporting creative solutions in strategic national sectors, such as information technology, artificial intelligence, and creative industries. These sectors contribute to achieving sustainable development throughout Egypt, and have also achieved significant impacts on environmental sustainability by supporting projects concerned with reducing greenhouse gases and waste. and air, water and soil pollutants.

She pointed out that the initiative worked with SMEs to develop various industries in Egypt in various