Investment Minister Mohamed Farid announced efforts to develop Egypt's startup financing ecosystem during the annual investors meeting of Development Partners International.
Investment and Foreign Trade Minister Mohamed Farid said Egypt is updating regulations for convertible securities and improving company valuation methodologies. The Sovereign Fund of Egypt is studying a new investment mechanism to support late-stage startups.
Farid made the remarks at the 2026 annual investors meeting of Development Partners International, an Africa-focused private equity firm that manages over $3.5bn in assets. The meeting was attended by DPI Managing Director Ismail Talaat and CEO Sofiane Lahmar.
Farid noted that securing funding during growth and expansion stages remains a challenge despite significant development in Egypt's entrepreneurship ecosystem. The proposed mechanism aims to bridge this gap, alongside developing an integrated data system for investments.
