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A Brief Introduction to Egypt: 7 Graphs About Egypt

A Brief Introduction to Egypt: 7 Graphs About Egypt

By Ashok Raman 09 April 2024

Micro, small and medium enterprises contribute over 40% to Egypt’s economy and account for over 75% of the country’s total employment. Entrepreneurship clearly plays an important role in Egypt’s economy. With a population of over 110 million inhabitants, of which 76% are under the age of 40 - Egypt also boasts an enviable consumer-base of young, digitally savvy technocrats - attracting investors from within Egypt as well as from abroad. In this chapter, we cover Egypt’s economics, demographics, and macros along with some government policies that emphasize the importance of entrepreneurship in the country.

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Micro, Small and Medium Enterprises contribute over 40% to Egypt’s economy, and account for over 75% of the country’s total employment. Entrepreneurship is critical to Egypt’s future. Today, Egypt consistently ranks as a top 3 tech startup ecosystem in both the MENA and Africa regions, based on funds raised by local startups. In this special report, we speak to the most active investors in Egypt and cover some of the country’s most successful startups to give you an inside scoop on how they are navigating the current VC winter, inflationary pressures and currency devaluation woes.

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