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FINANCIAL NEWS
Cairo Angels boost USD 1.46mn of investments in 16 firms
15 Jun 2016
(MENAFN) Cairo Angels has invested more than USD 1.34mn in 15 companies among the past three years, which aims to invest in another firm to boost total investment to USD 1.46mn.
Meanwhile, the entrepreneurship ecosystem in the country increased well in the past period, encouraged by the proliferation of emerging firms, the increase in their numbers.
Moreover, organizations helping entrepreneurship activity in Egypt emerged with the need to support the increase and the diversity of the needs of emerging firms.
In addition, Cairo Angels started to appear to finance emerging firms that need financing for amounts of USD 28.08mn and up to USD 0.22mn.
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