Nine of Egypt’s most promising young entrepreneurs were showcased at the Ye! Awards Egypt. More than 120 guests from across the country attended the event, organized by the SANAD Fund for MSME’s Technical Assistance Facility (TAF) and Child & Youth Finance International (CYFI) in collaboration NilePreneurs, the Central Bank of Egypt, and Nile University.
The Ye! Awards Egypt served to raise awareness of the unique needs of young entrepreneurs in Egypt and recognize the most outstanding new businesses in the country. Awards were presented for three categories:
In addition to the awards, two entrepreneurs received special recognition: Rania Ayman of Entreprenelle was named top female entrepreneur, and Ahmed El Rawy of ASKOVA Wind Energy was recognized for his entrepreneurship in green energy.
Ines Ebrecht, Chair of the SANAD TAF Committee, explained: “Access to finance is not an isolated constraint to the growth of small enterprises and the economy. We are therefore happy to have partnered with CYFI and the NilePreneurs program on making an important contribution to entrepreneurs’ ability to grow their business and network with one another through the Ye! Platform.”
Established in 2011, the SANAD Fund for MSMEs finances micro, small and medium enterprises and low-income households in the Middle East and North Africa via qualified local lenders. SANAD thereby fosters economic development and job creation – including youth employment – agriculture, affordable housing, and innovations in finance and financial technologies. SANAD’s investors include the KfW Development Bank and the European Union.