Book a free demo with us
Book Now
Egypt’s Startup Ecosystem Highlights from 2023

Egypt’s Startup Ecosystem Highlights from 2023

By Erika Masako Welch 19 March 2024

Embarking on an exciting journey into Egypt's burgeoning startup ecosystem reveals a landscape ripe with innovation and opportunity. Throughout 2023, the country witnessed a series of strategic initiatives and investments aimed at nurturing and accelerating the growth of its startup community. We can also see some highlights:

  1. In October 2023, the Cabinet of Egypt introduced a silver license for startup companies, which would help facilitate the entry of startups into Egypt, allowing entrepreneurs to begin their activities without complicated procedures.
  2. In June 2023, President Abdul Fattah El Sisi announced a five-year tax exemption for startups, to boost the country’s ecosystem and retain its talent.
  3. In June 2023, Egypt’s Prime Minister, Dr. Mostaf

Content Locked

Login or Register a FREE account to continue browsing our content

Related Report

Investing in Egypt’s Startup Ecosystem

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.

Did you check these out?

Related Contents

Subscribe To Our Newsletter

Stay up to date with the latest news, special reports, videos, infobytes, and features on the region's most notable entrepreneurial ecosystems

Subscribe to Our Newsletter

to keep up to date with Lucidity Insights' latest content