Young Entrepreneurs Day
The competition came as part of Young Entrepreneurs Day, which offered a chance for African start-ups to gain exposure.
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.
Chairman of Heirs Holdings in Nigeria stressed on the importance of private sector involvement in economic growth.
Egyptian President Abdel Fatah al-Sisi is expected to attend a session on driving African entrepreneurship.
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