What's Hot

    Tech African Women startup accelerator launches in Ethiopia

    August 17, 2022

    Appetito and Purity sign MoU

    August 16, 2022

    Afriguild strikes investment deal with Adaverse  

    August 15, 2022
    Gulf Africa ReviewGulf Africa Review
    • Industry
    • Infrastructure
      1. Airport
      2. Hospitality
      3. Ports
      4. Power
      5. Rail
      6. Roads
      7. Transport
      Featured

      Osun seeks to capitalise on infrastructure momentum

      Infrastructure May 21, 2018
      Recent

      Rotana enters Algerian market with new Oran resort

      August 11, 2022

      AD Ports Group and Hutchison Ports Sign MoU on Tanzanian projects

      August 3, 2022

      Mulk International to develop USD 500 million high-tech park in Zimbabwe

      July 22, 2022
    • Business & Trade
      1. Agri-Business
      2. Entrepreneurship
      3. FDI
      4. Legislative
      5. MEA
      6. Telecoms
      7. Properties
      Featured

      Analysts predict bullish future for Nigeria’s REITs market

      Business Business & Trade January 21, 2018
      Recent

      Abu Dhabi’s non-oil foreign trade climbs to USD 33 billion in H1 2022

      August 15, 2022

      AD Ports Group and Hutchison Ports Sign MoU on Tanzanian projects

      August 3, 2022

      Kenya and UAE begin talks on Comprehensive Economic Partnership Agreement

      July 29, 2022
    • Finance
      1. Banking
      2. Islamic finance
      Featured

      MENA startups raise USD105 million in July, the lowest amount in 2022

      Business FDI Finance Innovation August 8, 2022
      Recent

      MENA startups raise USD105 million in July, the lowest amount in 2022

      August 8, 2022

      IsDB: Islamic Development Bank Group announces USD 10.54 billion package to address food security

      August 1, 2022

      The United Bank for Africa Group expands to EMEA

      July 25, 2022
    • Innovation
    Gulf Africa ReviewGulf Africa Review
    Entrepreneurship

    NilePreneurs Initiative expands with support of regional and Egyptian banks

    July 26, 20223 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Nilepreneurs
    Nilepreneur's programs will target a wide range of business sectors.
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The NilePreneurs Initiative for Entrepreneurship, an Egyptian startup support program, has announced the launch of four new courses for business incubators to support startups.

    The courses will cover technology, digital transformation, climate change technology, local manufacturing, and the furniture industry and are open for applicants now. The courses will also cover developmental issues including gender and women’s economic empowerment. The NilePreneurs Initiative was created by the Central Bank of Egypt (CBE), along with the Housing and Development Bank, the Egyptian Export Development Bank, the Suez Canal Bank, and QNB-Group’s QNB Al-Ahly Bank.

    Economic and sustainable development

    The new courses are intended to support the creation of new startups, to deepen industry and to create jobs to contribute to Egypt’s economic growth while fostering sustainable development.

    According to Mohamed Abbas, Assistant Executive Director of NilePreneurs, the four courses reflect the program’s aim to achieve the UN’s SDGs while working to create added value for emerging, micro, and small projects in the national economy. In terms of SDGs, Abbas said the programs took into account women’s economic empowerment, decent work and economic growth, industry, innovation, and infrastructure, responsible consumption and production and climate action.

    According to Abbas, the courses cover a wide range of stages and fields, beginning at the pre-incubation stage with the aim of sponsoring innovative ideas, crystallizing them, and qualifying them for the next stages of the incubation programs.

    The various stages of the program aim to assist startup owners in establishing their businesses and providing innovative solutions to problems they might encounter. These solutions address technological solutions and electronic applications alongside various attempts to support local industry and better position it to compete internationally in order to increase its export capacity.

    NilePreneurs: Tailored support

    NilePreneurs’ business incubators specialize in a number of fields and industrial sectors and aim to support sustainable development and new and emerging companies providing new products and innovative ideas, according to Abbas. The various incubators will be offering courses for one-and-a-half months, until the end of August.

    The business incubator program provides a range of support including a pre-incubation phase which aims to support innovators in the first stage of establishing their companies and providing them with technical support and administrators needed to crystallize their ideas and turn them into an executable prototype.

    The Technology Applications Incubator, ‘LaunchSaaS’ focuses on providing support to emerging companies that provide technical solutions and provide a more sustainable future for projects, taking into account the environmental, social, governance, fintech, and digital transformation dimensions.

    The Engineering Business Incubator focuses on climate change technology and local manufacturing of products with the aim of promoting sustainable industries and encouraging investment in scientific research, innovation, and infrastructure in order to confront the risks of climate change.

    The Creative Design Incubator offers support to start-ups working in the field of furniture, home décor and handicrafts based on recycled and environmentally friendly materials, or traditional crafts and industries.

    African success in 2022

    African startups received over USD 1 billion in investment in the first half of 2022.

    Africa Egypt Nilepreneurs QNB Startups
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleThe United Bank for Africa Group expands to EMEA
    Next Article Egypt’s Cartona raises USD 12 million in Series A round

    Related Posts

    Business Innovation

    Tech African Women startup accelerator launches in Ethiopia

    August 17, 2022
    Business FDI Innovation

    Appetito and Purity sign MoU

    August 16, 2022
    Business Culture & Society Education

    Afriguild strikes investment deal with Adaverse  

    August 15, 2022
    Add A Comment

    Leave A Reply Cancel Reply

    LATEST STORIES

    Tech African Women startup accelerator launches in Ethiopia

    August 17, 2022

    Appetito and Purity sign MoU

    August 16, 2022

    Afriguild strikes investment deal with Adaverse  

    August 15, 2022

    Abu Dhabi’s non-oil foreign trade climbs to USD 33 billion in H1 2022

    August 15, 2022

    Convertedin raises USD 3 million in Seed round

    August 12, 2022
    • Business
      • Agri-Business
      • Entrepreneurship
      • FDI
      • Legislative
      • MEA
      • Properties
      • Telecoms
    • Infrastructure
      • Airport
      • Hospitality
      • Ports
      • Power
      • Rail
      • Roads
      • Transport
    • Finance
      • Banking
      • Islamic finance
    • Commodities
      • Agri commodities
      • Metals & minerals
      • Precious metals
    • Culture & Society
      • Education
      • Energy
    GAR logo
    © GulfAfricaReview.com 2014-2022, All Rights Reserved.

    Gulf Africa Review is a trade news and future networking platform for businesses leaders and trade organisations, established to first inform and secondly assist in facilitating the ongoing business and trade relations between the Gulf Cooperation Council countries and Sub-Saharan Africa. We aim to provide an apolitical voice for this channel of economic activity in a way that benefits both geographies by improving the availability of information about market events, developments and opportunities, while publicising the successes achieved by this ever-broadening regional relationship.

      Subscribe to our newsletter

      Type above and press Enter to search. Press Esc to cancel.