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It’s a good time to be raising money for venture capital investment in Egypt, especially if it is a first-time fund.
GIZ Egypt has launched a €100 million ($120 million) funding programme called “VC University”.
The initiative is a collaboration between GIZ, Germany’s international development agency, and the Egyptian Micro, Small and Medium Enterprises Development Agency (MSMEDA), Endure Capital and Changelabs.
GIZ has been working in Egypt since 1956. Through their Cairo office, GIZ works on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ) to implement projects on behalf of other German ministries, the European Union and international organisations.
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BY: Emmanuel Adu-Gyamerah
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The African Cashew Alliance (ACA) has called on African governments to provide an enabling policy environment conducive for business to help position African cashew producers among the leaders in cashew production in the world.
This, ACA believes, is critical to help African countries involved in the cashew industry, fully take advantage of the booming market for cashew in Europe and the USA.
The Managing Director of ACA, Mr Ernest Mintah, while acknowledging the development in Ghana’s cashew sector with the inauguration of the Tree Crop Development Authority (TCDA), said it was not enough as an unwavering support was needed to make it become operational and to be able to fulfil its obligations.
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