A detailed statement from the Ministerial Group for Entrepreneurship revealed that a total of 16 deals were executed between January and May 2025. Among these, 11 deals publicly disclosed their investment sizes, collectively amounting to $156 million. This represents an impressive 130% increase in investments compared to the same period in 2024. Additionally, two notable companies, "Nawy" and "MNT-Halan," successfully secured significant debt financing of $23 million and $49 million respectively.
Dr. Rania Al-Mashat, Minister of Planning and Economic
Development, International Cooperation, and head of the Ministerial Group for
Entrepreneurship, affirmed that the continuous activity in Egypt's startup
market reflects the government's ongoing efforts to improve the investment
climate and business environment. These efforts, coupled with structural
reforms ensuring macroeconomic stability, aim to make Egypt more conducive and
attractive for various types of companies.
She emphasized that startups and the broader investment
climate receive paramount attention from the Egyptian state, led by President
Abdel Fattah El-Sisi and various relevant entities. Dr. Al-Mashat added that
the Ministerial Group for Entrepreneurship is actively finalizing the Startup
Charter, alongside financing initiatives and facilitations designed to attract
venture capital investments.
Dr. Al-Mashat highlighted that the Egyptian government has
taken significant steps to empower startups and enhance their ability to
attract larger investments, notably through tax facilitations for companies
with revenues below EGP 20 million. She explained that the Ministerial Group
for Entrepreneurship adopts a comprehensive and integrated approach to support
Egyptian youth in this field. The Group's primary goal is to bolster startups
and the entrepreneurial environment, fostering sustainable, accelerated
economic growth rooted in competitiveness and knowledge, aligning with the
state's plan to position Egypt on the global entrepreneurship map.
In a related context, Egypt's startup market has recently
seen several exit and acquisition deals, most notably Dubizzle's acquisition of
the online car trading platform "Hatla2ee," and "Maxab -
Wasoko's" acquisition of "Fatura." The PropTech (Real Estate
Technology) sector attracted the largest volume of venture capital investment,
accounting for 33% of total investments. Meanwhile, the FinTech (Financial
Technology) sector led in the number of deals with five transactions, whose
announced value represented 32% of the total investment volume during the same period.
The government notably launched the Ministerial Group for Entrepreneurship with a clear mandate: to bolster the entrepreneurial environment and empower startups. This involves initiating new programs and proposals, offering direct support to startups, streamlining efforts across government bodies, and developing robust policies to champion entrepreneurship.