El Sisi approves EUR 4 mn AfDB grant to support entrepreneurship

President Abdel Fattah El Sisi approved yesterday a EUR 4 mn grant for Egypt from a multi-donor trust fund signed with the African Development Bank (AfDB) in February, Egypt Today reports. The funds will go to Tanmia Wa Tatweer, Egypt’s Entrepreneurship Development Project, which is managed by the AfDB. It is intended to support innovation by women and young people in the areas of agribusiness, renewable energy and the creative industries, and will target some 480 startups of which 50% are owned by women.