EPEAVC & USAID sign MoU to Boost Venture Capital Investment in Egypt

The Egyptian Private Equity and Venture Capital Association (EPEAVC) and the United States Agency for International Development (USAID) have signed a memorandum of understanding (MoU) aimed at boosting the efficiency of direct investment and venture capital in Egypt.

The MoU was signed by Ayman Soliman, President of EPEAVC, and Sean Jones, Director of the USAID Mission in Egypt, in a ceremony held at the General Authority for Investment and Free Zones overseen by the Egyptian Minister of Investment and Foreign Trade, Hassan El Khatib.

As part of the agreement, the USAID-supported Egypt Business project, in collaboration with EPEAVC, will develop a new strategic plan to strengthen the Egyptian investment ecosystem. This initiative includes building staff capacity in venture capital and angel investment, and identifying and implementing industry best practices.