Egypt is getting ready to receive new international funding worth $135 million to support its startup sector. This is part of the second phase of the Venture Capital Support Program, managed by the MSME Development Agency. This move aims to boost non-banking financial flows and energize the entrepreneurship ecosystem. The new funding breaks down into $120 million from the World Bank Group and $15 million from the African Development Bank. This really shows how much international financial institutions continue to trust the Egyptian market's ability to absorb venture capital investments and support startup growth.
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