Often, Egypt is not sufficiently recognized for its business and entrepreneurship accomplishments despite its numerous agents of change that have built a reputation for themselves as entrepreneurial wizards both at home and internationally. It is undeniable that, for many years, the country’s economy and potential for innovation were stunted due to the 2011 political events, which not only halted Egypt’s tourism influx, but also led to the fall of the country’s foreign exchange reserves from US $36 billion in December 2010 to only $16.3 billion in January 2012. However, with a set of financial reforms, Egypt’s net foreign reserves reached $45.457 billion in January 2020, as per Egypt Independent. This significant improvement was fueled by the government’s success in securing a three-year International Monetary Fund loan of $12 billion in 2016, as part of efforts to revive the country’s ailing economy. Progressively, Egypt’s startup scene has also taken off, with a number of Egyptian startups routinely making Forbes’ and World Economic Forum’s lists of most successful startups in the Arab world. As such, Egyptian Streets chose the most influential and impactful companies and figures to have rattled the business, technology…
Top 15 Inspiring Egyptians of the Decade in Business and Entrepreneurship
March 21, 2020
