Silatech, Tanmeyah partner to support 305,000 young entrepreneurs in Egypt
The initiative will provide access to financing, financial literacy training, and business development support to help young Egyptians start and grow micro and small enterprises across key sectors.
It comes as the country continues to face high youth unemployment rates, despite efforts to create 800,000 new jobs annually.
Given that micro and small enterprises represent 98% of Egypt's private businesses, the initiative seeks to improve financial access and business continuity for young entrepreneurs.
A key element is the introduction of a Partial Loss Credit Guarantee Facility, which is expected to reduce lending risks and enable more youth to access funding.
The plan also includes a green financing product for businesses in agriculture and renewable energy, along with mobile branches to provide financial services in rural and remote areas.
Financial literacy training will be delivered through in-person sessions and digital channels to help youth build essential financial management skills.
In line with Egypt Vision 2030, the Youth Self-Employment Initiative supports national goals for employment and economic diversification.
The integration of green finance also aligns with the country's environmental objectives.
Silatech and Tanmeyah stated that this partnership aims to expand economic opportunities for youth and provide them with the resources needed to support their livelihoods.
© 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
3 hours ago
- Zawya
Enabel launches $7.6mln employment initiative for youth, women in Jordan
AMMAN — The Belgian development agency (Enabel) on Tuesday launched the Employment and Livelihood Programme (ELP) in Jordan, aiming to promote decent job opportunities and entrepreneurship in partnership with local and international institutions. Funded by the EU with a 6.5 million euro investment, the ELP aims to enhance economic participation by addressing structural employment barriers and strengthening the entrepreneurial ecosystem. The programme focuses on vulnerable groups, including youth, women, and Syrian refugees, aiming to create sustainable and inclusive economic opportunities aligned with local labour market demands, according to organisers. The launch event gathered representatives from government institutions, development partners and civil society. Enabel's Country Director in Jordan and Palestine Heidi De Pauw described the ELP as 'an inclusive, forward-looking programme built to last.' The agenda featured three sessions. The first, titled 'Equipping Youth, Syrian Refugees, and Women in Jordan with Demand-Driven Skills,' addressed the need to align vocational training with real-time labour market needs. Experts stressed that employability now requires more than technical skills; it demands a deeper understanding of sector-specific trends and behavioural competencies. The session also highlighted the importance of institutionalising work-based learning and strengthening sectoral organisations. The final session focused on promoting Syrian refugee economic participation through evidence-based policy and action. Targeting individuals aged 18 to 35, the programme aims for 35 per cent Syrian refugee participation and 50 per cent female engagement. Beyond direct support to individuals, ELP also works with small and medium-sized enterprises and public institutions to foster a more inclusive and resilient economic environment in Jordan. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
Zawya
3 hours ago
- Zawya
HyperPay raises the bar for regional fintech with three prestigious awards
In an era where digital transformation is reshaping how economies operate, HyperPay has become a major player in the Middle East and North Africa's (MENA) fintech scene, driving economic growth, financial inclusion, and innovation. Through its innovative approaches and bold leadership, the company has significantly influenced the future of payments in the region. Founded by Muhannad Ebwini, HyperPay has steadily grown from a payment service provider (PSP) into one of the region's most trusted digital payment platforms. Its main focus is creating intelligent, secure, and enterprise-ready financial infrastructure that enables both private and public sector clients to succeed in a growing digital-first world. This mission was recently recognized at the Fintech Summit Middle East 2025, where HyperPay was honored with three prestigious Peacock Awards, further strengthening its reputation as an industry leader. Among them was the coveted 'Next-Gen Fintech Disruptor' award, awarded to CEO and Founder Ebwini for his bold leadership and transformative influence on the region's financial ecosystems. HyperPay also received awards for 'Excellence in Digital Payment Infrastructure Innovation' and 'Innovation in B2B Payment Solutions,' marking a pivotal moment in the company's evolution from a local payment service provider (PSP) to a regional fintech powerhouse. The recognition of Ebwini as a next-generation fintech disruptor comes at a time when HyperPay is quickly forming partnerships and expanding its capabilities. His leadership has been essential in reaching milestones such as obtaining a license from the Saudi Central Bank (SAMA) to launch innovative digital payment solutions, aligning with Saudi Arabia's ambitious Vision 2030. The 'Excellence in Digital Payment Infrastructure Innovation' award recognizes HyperPay's dedication to creating scalable, secure, and advanced payment systems that serve a wide range of stakeholders, from government agencies to small and medium-sized businesses. Meanwhile, the 'Innovation in B2B Payment Solutions' award honors the company's enterprise-grade tools that simplify and secure complex transactions, helping enterprises succeed in today's changing business landscape. Peacock Awards recognition program honors outstanding industry leaders who have introduced innovative products, services, and solutions that positively impact their customers. The various award categories recognize significant contributions and innovations within the payments and digital banking sectors, emphasizing excellence in digital financial services, convenience, security, and market influence. For HyperPay, these awards not only recognize its achievements so far but also lay the foundation for future goals, such as expanding strategic partnerships, speeding up regional growth, and strengthening its commitment to innovative fintech. With smart, user-centered solutions, the company is setting new standards in the global fintech industry. For further information, please contact: Orient Planet Group (OPG) Email: media@ Website:
Zawya
3 hours ago
- Zawya
Egypt: REACAP approves $952,423 capital increase
Arab Finance: REACAP Financial Investments (REAC) has approved a capital increase of EGP 47.3 million through the distribution of bonus shares, according to a disclosure to the Egyptian Exchange. Accordingly, the company's issued and paid-up capital will increase from EGP 591.4 million to EGP 638.7 million. The decision was made during the company's extraordinary general assembly (EGM) held on June 30th, 2025. The increase will be distributed over 9.462 million shares at a nominal value of EGP 5 per share, bringing the total number of shares to 127.745 million. The capital hike is funded from distributable profits recorded in the previous fiscal year, with shareholders receiving 0.08 bonus shares for each original share held. Established in 1997, the company in which Naeem Holding owns a stake of 47.61% provides asset management services such as fund, wealth, and portfolio management, as well as direct investments in various sectors. Smart Village Real Estate Investment Company (SVREICO), a Subsidiary of REACAP Investments Company established in 2007, is a real estate private equity firm that primarily focuses on investing in high-end real estate facilities. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
