In a stride that amplifies its commitment to nurturing Egypt’s entrepreneurial landscape, the Egyptian Stock Exchange has unveiled its latest strategic endeavor — plans to launch a dedicated startup fund. This strategic move follows the recent establishment of a specialized exchange catering exclusively to startups, marking a momentous leap forward in fostering innovation and economic growth.
The inception of this visionary startup fund follows the announcement of plans to establish a startup-dedicated exchange in June. This initiative is poised to provide a powerful impetus to the burgeoning startup ecosystem within Egypt, solidifying the nation’s position as a conducive hub for innovation and growth.
Underlining the exchange’s dedication to offering a diverse array of investment opportunities, the startup fund seeks to attract both local and international investors keen on tapping into the potential of Egypt’s emergent companies. This strategic step not only bolsters the financial support available to startups but also signifies the stock exchange’s pivotal role in shaping the future of the Egyptian entrepreneurial landscape.
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As the Egyptian Stock Exchange’s commitment to fostering innovation continues to unfold, the introduction of the startup fund stands as a testament to the nation’s vision of propelling economic expansion through the empowerment of startups.
Egyptian Stock Exchange startup
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert.
As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard