Egypt Ventures’ Board of Directors have approved a new long term strategy for impact investments that can help Egypt reach the United Nations SDGs.
Egypt Ventures, an investment firm established in 2017 and seeded by Egypt’s Ministry of Investment and International cooperation, has just announced their new strategy which will focus their investments into startups that can help the country achieve the UN’s Sustainable Development Goals.
Chairman of Egypt Ventures, Dr. Shehab Marzban, announced the firm’s new move to impact investing, ensuring its key role as a catalyst for socioeconomic development to develop the entrepreneurship ecosystem, attract private investments and create jobs resulting in economic growth and social capital creation.
To date, Egypt Ventures has invested in over 100 startups including success stories such as Halan, PayNas and Wasla, as well as incubators and accelorators such as Falak Startups and Flat6Labs. Impressively, Egypt Ventures has a massive 8:1 ROI meaning for every EGP 1 million they’ve invested, they’ve seen returns of EGP 8 million.
In September 2015, the UN’s General Assembly adopted the 2030 Agenda for Sustainable Development that includes 17 Sustainable Development Goals (SDGs). Building on the principle of “leaving no one behind”, the new Agenda emphasizes a holistic approach to achieving sustainable development for all. The SDGs are as follows:
GOAL 1: No Poverty
GOAL 2: Zero Hunger
GOAL 3: Good Health and Well-being
GOAL 4: Quality Education
GOAL 5: Gender Equality
GOAL 6: Clean Water and Sanitation
GOAL 7: Affordable and Clean Energy
GOAL 8: Decent Work and Economic Growth
GOAL 9: Industry, Innovation and Infrastructure
GOAL 10: Reduced Inequality
GOAL 11: Sustainable Cities and Communities
GOAL 12: Responsible Consumption and Production
GOAL 13: Climate Action
GOAL 14: Life Below Water
GOAL 15: Life on Land
GOAL 16: Peace and Justice Strong Institutions
GOAL 17: Partnerships to achieve the Goal
Sign up for the daily Startup Digest.