Egypt’s EPEVCA, USAID sign MoU to boost direct investment

The Egyptian Private Equity and Venture Capital Association (EPEVCA) and the United States Agency for International Development (USAID) signed a MoU to enhance the efficiency of direct investment and venture capital in Egypt.

The MoU aims to improve Egypt’s investment environment, enhance the efficiency and capacity of direct investment and venture capital, and create a more investor-friendly ecosystem.

Under the MoU, the USAID-funded Business Egypt programme, implemented by DAI in collaboration with the EPEVCA, will develop a new strategic plan to guide the association’s long-term goals.

This will contribute to improving the efficiency and growth of Egypt’s investment climate. The partnership will focus on building the capacity of EPEVCA staff in the areas of risk capital and angel investing.

Additionally, a policy reform agenda will be developed to address the specific needs of the venture capital industry and create a more favorable investment environment, as per a statement by the Egyptian Cabinet.

By building capacity in strategic areas and identifying best practices, the collaboration will ensure that EPEVCA continues to play a pivotal role in shaping the direct investment and venture capital ecosystem in Egypt.

Attribution: The Egyptian Cabinet statement

Subediting: M. S. Salama