Egypt’s Startup Ecosystem Highlights from 2023
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:
- 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.
- 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.
- In June 2023, Egypt’s Prime Minister, Dr. Mostaf
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