BDS Hubs at NilePreneurs offer EGP 3.85bn to 4,800 start-ups in 2022

The NilePreneurs Initiative, affiliated to the Central Bank of Egypt, has announced that its Business Development Services (BDS) Hubs offered about EGP 3.85bn in finance to more than 4,830 start-ups and small projects in 2022, an increase of EGP 2bn (111%).

Ahmed Hosni, Director of the BDS Hubs at NilePreneurs, said that last year witnessed a breakthrough in supporting micro, small, and medium enterprises, start-ups, innovators, and entrepreneurs through a diversified package of services. 

Non-financial services provided by BDS Hubs, starting with crystallizing project ideas, assisting in preparing feasibility studies, facilitating obtaining licenses and financing, as well as networking with investors and other services.

Hosni added that the BDS Hubs provided about 146,000 various services that reflected the actual needs of the target groups of youth and business owners, compared to 66,000 services in 2021, with a growth rate of 121%, bringing the total services provided by the business development centers and units since Its launch in July 2019 until the end of December 2022 provided about 254,000 services.