Visa, CIB launch She's Next programme to empower women in Egypt

The initiative aims to support Egyptian women-owned small businesses by providing funding, customized coaching, and mentorship, the statement added.

Female entrepreneurs can apply through 26 October.

The top three winners will each receive $10,000, while the top five will get a one-year training programme.

In addition, the first 20 applicants will receive a one-year skills improvement programme from the United States Agency for International Development (USAID).

Visa's programme aims to empower women in Egypt and remove obstacles they face in launching businesses, as well as facilitate access to digital and other technologies.

The statement highlighted the challenges that Egyptian women entrepreneurs face, including unequal funding distribution, limited access to capital, weak digital infrastructure, and lack of mentorship.

"She’s Next underscores this vital digitalization shift, embraces the potential of women entrepreneurs and enables them to thrive with support and innovation," said Malak El-Baba, Visa's country manager for Egypt.