National Impact Investment Fund in Egypt
The Fund would be an incubator to support emerging development projects, encourage investments that contribute to achieving development goals such as eliminating poverty, and provide job opportunities and renewable energy would be among the fund’s first activities.
The growth of startups would be spurred through offering competitive market incentives, supporting small investors via partnerships, and providing investors with technical trainings and with access to the foreign market and advanced technology. The Fund aimed to increase support to the private sector to participate in the development process, connecting development goals with investments that have social and environmental dimensions with a view to provide better services to citizens at lower costs.
The Fund would bear risks with small investors and would support them to expand their projects, noting that focus was given to the quality of investment and its impact on citizens as well as on ensuring that those who need support have access to it.