Egypt tops list of states inking financing deals for startups: minister

Egypt tops the list of countries signing financing deals for startups in the Middle East and North Africa with 27 percent of concluded deals and ranked second in terms of attracting investments to emerging companies in the technological domain, said Investment Minister Sahar Nasr on Sunday.

Egypt also jumped six places in the 2020 doing business report and 19 places in the enterprise startup index released by the World Bank, Sahar said during the sixth conference of bankers and businesspeople.

More than 600 chief executive officers from companies and banks, besides  businessmen are taking part in the conference.

Nasr noted that Egypt comes the first as an investment-magnet country in Africa for the second time in a row, according to the 2019 report by the Organisation for Economic Co-operation and Development.

Source: MENA