The 2 day Venture Capital summit will be held on Nov 14-15th 2023 and aims to increase foreign direct investment by bringing together leading global investors and regional VC funds
Sep 7th 2023, Cairo, Egypt: The 2023 Egypt VC Summit (2nd edition) follows on the success of the first edition last year, which hosted investors representing $24bn of capital in Cairo. The event is set to take place from Nov 14 – 15. Backed by GIZ Egypt, AfricaGrow, FMO, and EPEA, and implemented by Changelabs, the VC Summit aims to boost Egypt’s position as a regional VC hub and an investment gateway to Africa and the Middle East.
Andreas Ruepp, Head of the Financial Sector Development Project at GIZ Egypt said “Egypt enjoys a unique position at the center of not one, but two of the globe’s most exciting frontier markets: Africa & the Middle East. This event is built to accelerate investment into Egypt and beyond, as well as to build a strong network within the investment community.
This year’s edition will focus on 5 tracks: Family Offices, Impact Investing, Local Financial Institutions, Regulatory Policy, and Venture Capital. The unique event will bring together high profile investors from around the globe including large family offices and aims to showcase the investment opportunity in Egypt and the wider region, while honing in on startups that are set to be the region’s next unicorns. The 300+ guests can expect internationally renowned speakers, speed networking, an investor’s lounge, an investor reception, access to government leaders, and much more. The summit seeks to encourage further investment in the Egyptian VC sector, in turn fostering a fertile startup ecosystem and delivering sustainable economic growth.
Tobias Kauer, Investment Manager at DEG Impact for AfricaGrow, says “We’re seeing an uptick in interest from international investors in Africa and the Middle East. Egypt represents a large and accessible market that provides good access to both regions – this event was designed to increase investment into this frontier market while giving LPs a front row seat on one of the most exciting global investment opportunities”
The event expects to host 40+ foreign investors (including family offices, DFIs, and sovereign funds), 60+ regional venture capital firms, 20+ local LPs (including banks and family offices), and dozens of regional and International speakers, and will feature dedicated Legal and family office clinics as well as regulatory and banking roundtables.
Abdalla El Ebiary, Chairman of the Egyptian Private Equity and Venture Capital Association, added that “part of our role at EPEA is to promote investment in key sectors that build on Egypt’s unique competitive advantages and create employment and development opportunities across the PE & VC spectrum – we’re thrilled to join GIZ and partners to in promoting and supporting the 2nd edition of the Egypt VC Summit”
Registration is now open to investors at egyptvcsummit.com
About GIZ:
GIZ is dedicated to shaping a future worth living around the world. We have over 50 years of experience in a wide variety of areas, including economic development and employment promotion, energy and the environment, and peace and security. Our main commissioning party is the German Federal Ministry for Economic Cooperation and Development (BMZ).
About AfricaGrow:
AfricaGrow is a fund of funds domiciled in Germany, which aims to support small- and medium-sized enterprises (SMEs) and start-ups on the African continent by investing in pan-African regional and country-specific private equity and venture capital funds with proven track records and capacities. The Fund intends to have a catalytic effect on the emerging and dynamic African SME and start-up ecosystem, and thus contribute to the promotion of jobs and income, as well as strengthening sustainable economic growth. As a legally independent entity, AfricaGrow is a central instrument of the Compact with Africa (CwA) initiative, which was launched in 2017 under the 50 German G20 presidency. The Technical Assistance Facility is funded by the German Ministry for Economic Cooperation and Development (BMZ), while the fund is managed by Allianz Global Investors and advised by DEG Impact GmbH.
About FMO:
FMO is the Dutch development bank. We support sustainable private sector growth in developing and emerging markets by investing in businesses, projects and financial institutions. We create development impact by being additional in financing the private sector in low- and middle income countries.
About EPEA:
EPEA is a nonprofit association committed to supporting and developing the Private Equity and Venture Capital industry in Egypt and the surrounding region. The Association aims to foster private investment in Egypt, as well as to boost communication and knowledge sharing among the region’s private equity and venture capital networks.
About Changelabs:
Changelabs is a top rated Egyptian learning company focused on the Middle East and Africa. The company builds some of the region’s most innovative and cutting edge impact entrepreneurship programs and industry events for startups, scaleups, funds, and entrepreneurs focused on key financial and social outcomes.Changelabs works with major European development banks, governments, and regional private sector partners. Changelabs’ mission is to give impact entrepreneurs the tools they need to succeed while delivering lasting impact on the MENA region. Website: https://www.changelabs.me
