Tag Archives: Egypt
Following a meeting with Egypt’s President Abdel Fattah El Sisi in Washington today, Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement:
“President Sisi and I discussed the progress of Egypt’s economic reform program supported by the IMF’s $12 billion Extended Fund Facility arrangement.
The new cycle of Innoventures has been launched after a successful third cycle which held a grand finale last December. The fourth cycle of the accelerator program ‘Startup Reactor’ is now accepting applications in partnership with VC4A and comes along with the launching of a new 30 million EGP venture capital fund.The program creates an environment to connect entrepreneurs, investors and mentors for a duration of six months. Participating investors and mentors will receive an equity stake in the ventures which they choose to support. Interested startups can apply for the program before the deadline of April 1st https://VC4A.com/innoventures/startup-reactor-4.
Last year e-commerce was seen as one of the most growing sectors globally. Reports from Middle East and North Africa region indicated that the sector has grown outrageously within the past three years. According to a study by MasterCard, the overall online shopping trends in UAE alone has been very high with about 83% of UAE locals shopping online prior to their study. In Africa, our report from last year indicated a growing number of online shops, and e-commerce platforms coupled with advanced technologies which provides more credibility and eliminates doubt on quality – as quality, and delivery were identified as some of the major reasons online shopping trends were on the low.
“In each market where wind energy is being developed, the state is a big player in the initial stages of industry development and is often the sponsor of pilot projects.”
NEW YORK /PRNewswire/ — Reportlinker.com announces that a new market research report is available in its catalogue:
By Simon Tesfamariam