AfDB grants Egypt EGP 80 mn to support entrepreneurship

AfDB grants Egypt EGP 80 mn to support entrepreneurship: The African Development Bank (AfDB) has signed an EGP 80 mn grant agreement with Egypt to support entrepreneurship, especially in Upper Egypt and other impoverished regions, the Investment Ministry said in a statement. The grant will largely focus on supporting innovative ideas by youth and women, especially in the fields of renewable energy, agriculture and handicrafts. The bank had released its report detailing some of Egypt’s key macro indicators at the signing ceremony. Read AfDB’s 2018 report on Egypt (pdf).