The event is sponsored by Banque Du Caire, and is one of the biggest angel investors gathering in the region.
The Middle East Angel Investment Network, also known as MAIN, an umbrella organisation of MENA’s biggest network of angel investors, is happy to announce its partnership with Banque du Caire as the exclusive banking sponsor for Angel Oasis 2019, the largest gathering of angel and early-stage investors in MENA. The event will be held in ElGouna, Egypt on October 31.
“We are delighted to enter this strategic partnership with Banque du Caire, one of the strongest financial institutions in Egypt with a strong track record and a powerful vision for the future. This partnership will have an immediate positive impact on the level of smart capital invested in MENA startups,” says Aly ElShakalany, President of MAIN.
With Banque du Caire’s prominent position in being a pioneering force supporting small and medium entreprises (SMEs) in Egypt, the partnership aims to continue leading the way by promoting startups and investments in some of the many high growth businesses in Egypt. The bank aims to provide a variety of innovative techniques for startups to establish their banking services, adding to their full-time commitment to customer dedication.
“Banque du Caire posted significant result in financing SMEs and Micro finance business segment, as the business grew by 54% by the end of September 2019. The small, medium and micro-finance loans portfolio represents around 17.6% of Banque du Caire’s total credit portfolio as of September 2019. In accordance to CBE’s directive, Banque du Caire targets to reach 20% before the end of 2019,” says Tarek Fayed, Chairman and CEO of Banque du Caire.
The Angel Oasis 2019 will feature an array of top-notch panel discussions that cover the various sectors in the industry, such as Transport-tech, Fin-tech and Clean-tech. Highlights of the event includes the unpacking of some of the biggest exits in the region from an investor’s perspective, and a series of interactive training workshops.
“Startup entrepreneurship plays a significant role in economic growth because of innovations, new jobs, and bringing competitive dynamics into the business environment. We are happy to be part of this special event being the largest gathering for the key players in the startup ecosystem, leveraging on our expertise in serving early stage startups, we aim to be the best banking partner for entrepreneurs and small businesses,” says Nader Saad, Head of SME Banking Group.
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