Africa 2017 Forum
The competition came as part of Young Entrepreneurs Day, which offered a chance for African start-ups to gain exposure.
Concluding today, the Africa 2017 Forum has put forward five recommendations.
A wrap-up for the most prominent business news of the day.
Omran said Egypt is qualified to achieve the biggest foreign investments in its history during the fiscal year 2017-2018.
According to the MOU, Attijariwafa will act as a domestic representative for Afreximbank through its branches located in 15 African countries.
Three Egyptian companies will be visiting Sudan next week in search of investment opportunities in the fields of construction and pharmaceutical Industries.
Egypt and Chad will establish a new trade road cross four African countries.
Investment Minister Sahar Nasr said that African states have applied economic reform programs that boosted growth and improved investment climate.
There are big investment opportunities in agriculture in the Common Market for Eastern and Southern Africa’s (COMESA) countries.
Sisi reviewed Egypt's economic reform program currently being implemented.
The loan will strengthen public finances, improve the investment climate and create jobs.
Beneficiaries of the loan must be exporters located in Egypt and the products must be of Egyptian origin.
The selected companies are working in the fields of agriculture, agribusiness, transport and logistics, and manufacturing.
The continent needs financial inclusion where commercial transactions surpass $10 billion.
The $1.15 billion loan supports Egyptian economic reforms aiming to create jobs.
President Abdel Fatah al-Sisi is anticipated to speak at 1:30 p.m.
Egypt will launch the first regional center for entrepreneurs in Africa, Sisi said.
The session is expected to showcase two ground-breaking innovations by two inspiring Africans.
Each company has received between LE 100,000 and LE 500,000 in funds.
"There is a big gap in capital venture investments and we need funds to boost the confidence of the ecosystem," Shehab Marzban said.
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