Egypt: Entrepreneurship Development Project


Project Summary

Approval Date 20 Jul 2018
Signature Date 20 Jul 2018
Sovereign / Non-Sovereign Sovereign
Sector Multi-Sector
DAC Sector Code 43010
Commitment U.A 1,437,699.68
Status Implementation

Project General Description

The present intervention concerns the Entrepreneurship Development Project. It aims to empower and enable potential and existing entrepreneurs to establish, manage and operate successful innovation-driven businesses. The project is one of the three country projects linked to the Regional Platform for Entrepreneurship Development established in the Bank’s North Africa Resource Center, in addition to the Morocco and Tunisia entrepreneurship development projects. It will focus on three priority sectors, namely: (i) agribusiness; (ii) clean and green, and (iii) creative industries with a particular focus on handicrafts and performing arts. The Entrepreneurship Development Project will thus contribute to improving employability, creating jobs, improving competitiveness of the economy, and contributing to inclusive growth particularly in disenfranchised areas. It consists of the following three components: (i) Enhancement of Enabling Environment; (ii) Direct Support to Entrepreneurs; and (iii) Project Management, Monitoring and Evaluation.

Project Objectives

The project’s goal is to empower and enable potential and existing entrepreneurs, particularly youth and women, to establish, manage and operate successful innovation-driven businesses through enhancement and support of entrepreneurship ecosystem in Egypt. The objective of the Project is to enhance and support entrepreneurship ecosystem in Egypt to enable empowerment of existing and potential entrepreneurs particularly the youth and women to establish, manage and operate successful innovation-driven businesses in three (3) priority sectors namely: (i) agribusiness; (ii) clean and green / alternative energy; and (iii) creative industries in handicrafts and performing arts.

Beneficiaries

The project’s direct beneficiaries are owners and managers of potential and existing start-ups and early growth businesses requiring coaching, mentoring and tailored business development services as well as seed-funding. The project’s indirect beneficiaries will be members of the Egyptian entrepreneurship ecosystem at large that will benefit from spill-over effects from the project and the innovative products produced by project beneficiaries.

Participating Organization

Funding
Multi donor Trust Fund for Countries in Transition

Information

IATI identifier 46002-G-EG-KZ0-ZZZ-004
Last Update 31 Oct 2019

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Contact Details

Name Gehane El Sokkary
Email g.elsokkary@afdb.org

Geographic Location

Country Egypt