Orange Corners Egypt celebrates the graduation of the 100 startups from the cohort in the Delta Region
Over 50% women participation, Orange Corners ensures contributing to inclusive economic growth and job creation across 7 governorates in Upper Egypt and Delta.
Orange Corners, an initiative of the Kingdom of the Netherlands was launched in Egypt in 2021 to provide young aspiring entrepreneurs with training, networks, and facilities to start and grow innovative businesses that supports Egypt Vision 2030 and key UN SDGs.
Cairo, Egypt: In a powerful celebration of youth innovation and entrepreneurship, the Orange Corners Egypt programme, an initiative of the Kingdom of the Netherlands marked a new milestone with the graduation of this year's first cycle from its flagship Delta Cohort. Held at the Embassy of the Netherlands in Egypt in the presence of H.E. Peter Mollema, Ambassador of the Kingdom of the Netherlands and under the auspices of H.E. Dr. Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation, the event brought together government, development, and private sector leaders in support of Egypt's next generation of entrepreneurs.
Joined by key partners from the private sector, Nikolay Mladenov, Managing Director at Al Ahram Beverages Company; Abdallah Salam, President & CEO of Madinet Masr; and Paolo Vivona, Managing Director of ALEXBANK. The event honored the graduation of 100 startups, including 52 women-led ventures, from across Egypt's Delta region.
The 2025 Delta Cohort placed a special focus on vital sectors including, agri-food innovation, tech-based startups offering sustainable solutions, climate- and water-smart agriculture, as well as creative industries. The program ensures that more than 50% of participants are women, affirming its commitment to gender equity and inclusive economic growth.
Each cycle offers young entrepreneurs a comprehensive support system: business development training, mentorship, access to networks, and business coaching. In 2025 alone, the program is expected to support 130 startups, including 30 from Upper Egypt (Assiut and Luxor) and 100 from the Delta region (Alexandria, Beheira, Kafr El Sheikh, Dakahlia, and Menoufia). Each graduate is estimated to generate 2 to 5 additional job opportunities, potentially impacting over 3,000 individuals through direct and indirect employment.
Orange Corners program, launched in Egypt in 2021 as part of a global initiative by the Kingdom of the Netherlands, is implemented by Outreach Egypt, and in partnership with Al Ahram Beverages Company, Madinet Masr, and ALEXBANK. This public-private partnership empowers youth aged 18–35 in underserved regions by transforming ideas into scalable businesses. Aligned with Egypt Vision 2030 and five key UN Sustainable Development Goals (SDGs 4, 5, 8, 9, and 13), the program fosters inclusive growth, innovation, and sustainability recognizing Egypt's youth as a driving force behind the country's future.
H.E. Peter Mollema, Ambassador of the Kingdom of the Netherlands stated, 'At the heart of the partnership between the Netherlands and Egypt, there is a shared belief in the power of youth and entrepreneurship as drivers of inclusive economic growth. Through Orange Corners, we are proud to support the ambitions of young Egyptians, especially women who are building innovative businesses that contribute to a more sustainable, resilient, and prosperous future. The Delta cohort has shown us that there is plenty of talent and potential to be unlocked with Egyptian youth'
'We are proud to participate for the second time this year in celebrating the graduation of a new Orange Corners cohort. This is graduation is not just a ceremony, it's a turning point for the Delta region.' said Nikolay Mladenov, Managing Director at Al Ahram Beverages Company. 'For us at ABC, it's about empowering young people to turn their ideas into thriving, sustainable businesses that can transform their communities. By investing in local talent and innovation, especially in agriculture and food sectors, we are not only supporting inclusive growth but also ensuring a stronger, more resilient supply chain for the future of Egypt's economy. This commitment is also reflected in our operational approach, with over 96% of our raw materials locally sourced, we have invested in building the capabilities of our local partners, championing local resilience. We are especially proud to see so many women entrepreneurs taking the lead, a sign of a more inclusive, vibrant Delta innovation scene.'
The graduation ceremony stands as a testament to what's possible when public and private institutions unite around a shared purpose to empower Egypt's youth to drive grassroots innovation and unlock the full potential of the country's entrepreneurial landscape.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
34 minutes ago
- Zawya
Code Cracked: EGX's listed banks distressed-like valuations explained
Egyptian banks unanimously trade at Trailing Twelve Months (TTM) earnings multiples below 5x despite boasting solid return on average equity above 35% over the cycle and above 45% in 2024. At present, three out of eleven listed banks are members of the benchmark EGX30 index and their combined free float-adjusted MCAP weights in the EGX30 index is almost 30.0%. In descending order in terms of index weights, the three banks are 1) Commercial International Bank (CIB) at 26.4%, 2) Abu Dhabi Islamic Bank–Egypt (ADIB) at 1.8%, and 3) Credit Agricole–Egypt (CA-Egypt) at 1.5%. Why do low earnings multiples of Egyptian banks seem like a conundrum? First, it is not due to an indiscriminate macro risk – if that were the case, all sectors would have been trading at distressed valuation multiples. Yet, when we depict the TTM earnings multiples of the 50 most-actively traded companies, it is obvious that all commercial banks trade at the lower end of the spectrum in what seems as a 'sector-discount'. Second, if banks generate ROAE in excess of 35-45% and the long-term cost of equity (COE) is close to 20.0%, then banks should be trading at forward earnings multiples above 5x by virtue of the intrinsic earnings multiples model. Yet, Egyptian banks trade at trailing and forward earnings multiples way below the 5x, which is the multiple of a no-growth company in Egypt. So why are are the valuations of Egyptian banks penalised?
Zawya
an hour ago
- Zawya
The African Energy Chamber (AEC) Partners with Libya's Ministry of Oil and Gas to Advance Youth Empowerment Through Energy Jeel Initiative
The African Energy Chamber (AEC) ( – representing the voice of the African energy sector – has entered a strategic partnership with the Ministry of Oil and Gas of Libya to support the Energy Jeel Initiative. Designed to equip young Libyans with the skills, knowledge and leadership capabilities to actively participate in the future of the energy sector, the program forms part of Libya's vision to harness human capital for a just and inclusive energy transition across Africa. The collaboration will promote youth skills development, innovation, entrepreneurship and gender inclusion in the energy workforce, while strengthening Libya's integration into Africa's energy community. The AEC will work closely with the Ministry to facilitate on-the-job training and internships; host joint ventures, workshops and youth summits; provide visibility and endorsement through AEC platforms and publications; and enable access to Africa's vast energy networks. By investing in youth-led growth, the Energy Jeel Initiative will help address critical challenges in Africa's energy future – including energy poverty, workforce gaps and the need for greater regional collaboration. With over 600 million Africans lacking access to electricity and 900 million still reliant on traditional biomass for cooking, Africa's oil, gas and renewable energy resources pose a strong opportunity to drive industrialization. Building a skilled and inclusive workforce is key to cultivating this sustainable development. Libya's energy sector offers vast potential for both fossil fuel and renewable energy development. With significant oil and gas reserves, alongside world-class solar and wind resources, the country is uniquely positioned to play a major role in Africa's energy security and transition. Through the Energy Jeel Initiative, the Ministry of Oil and Gas aims to ensure that this development benefits all segments of society, particularly young people and women. The Energy Jeel Initiative also stands to benefit from Libya's renewed upstream momentum, with recent developments such as ExxonMobil's MoU with the country's National Oil Corporation signaling fresh investment and exploration activity. As global players re-engage with Libya's oil and gas sector, the Initiative will equip young professionals with the technical skills and industry knowledge they need to participate in and lead future projects. This alignment ensures Libya's youth are directly connected to the country's expanding role in Africa's energy landscape. 'The Chamber is committed to empowering Africa's youth to become active participants in the continent's energy future,' states NJ Ayuk, Executive Chairman, AEC, adding, 'Libya's Energy Jeel Initiative is a model for how African nations can prepare the next generation of leaders and innovators who will drive investment, create jobs and deliver real solutions to energy poverty.' As the Energy Jeel Initiative rolls out, the AEC and the Ministry will focus on creating opportunities that link Libyan youth with regional and global stakeholders, ensuring they are not only prepared for the jobs of today, but also equipped to lead Africa's energy sector into the future. Distributed by APO Group on behalf of African Energy Chamber.
Zawya
an hour ago
- Zawya
Ecodrisil launches Carbon Xpress solution to fast-track emission data capture and reporting
Dubai, UAE: Travanleo, a leading ESG and sustainability technology company with offices in the UAE and India, today announced the launch of Carbon Xpress, a purpose-built solution on its flagship platform Ecodrisil ESG Xpress, for enterprises that need to quickly capture, compute, and report greenhouse gas (GHG) emissions. Designed to simplify and accelerate emission disclosures, Carbon Xpress enables organizations to respond swiftly to RFPs, supplier qualification programs, investor queries, and climate-linked financing needs. The solution empowers teams to generate audit-ready carbon reports aligned with globally recognized standards without the complexity, manual effort, or delays typically involved in ESG processes. 'Many enterprises face urgent requests for carbon data, whether during bidding for large contracts, supplier assessments, or while securing green financing. Carbon Xpress addresses this very need with speed, accuracy, and compliance,' said Mr. Sandeep Nair, Global Business Head at Ecodrisil. He added 'With Carbon Xpress, we enable organizations to act decisively, present credible climate data, and build trust with stakeholders'. Powered by ESGAI® – Making Carbon Reporting Simpler and Smarter Carbon Xpress is powered by ESGAI®, Ecodrisil's natively integrated AI Co-pilot, which simplifies the entire lifecycle of carbon emission reporting, from data collection to validation and automated report curation and drafting. This ensures faster turnaround and higher confidence in disclosures, even under tight timelines. Key Features of Carbon Xpress Quick Data Onboarding: Guided workflows for rapid emission data collection from internal systems and value chain partners Automated Computation: Built-in emission factors and calculators across Scope 1, 2, and select Scope 3 categories Standards-Aligned Reports: Generate reports aligned with GHG Protocol, CDP, and other investor-preferred frameworks Export-Ready Outputs: Submission-ready documents tailored for RFPs, due diligence, or regulatory filings Early Momentum and Industry Use Cases Carbon Xpress is already seeing traction across sectors. Current implementations include: A global technology company headquartered in Europe, is using Carbon Xpress to generate Scope 1 and 2 emission disclosures as part of a high-value RFP submission. A leading chemical manufacturing group in the GCC region, integrating the solution to meet growing supplier evaluation and ESG scoring requirements from international buyers. Both companies selected Carbon Xpress for its ability to deliver rapid, standards-compliant reporting within tight timelines, with implementations currently underway. For more information, please visit: About Ecodrisil Ecodrisil ESG Xpress is an AI-powered integrated platform that simplifies and automates sustainability, ESG, and emissions management for enterprises at any stage of their journey. By unifying data, streamlining workflows, and replacing manual processes, it enables faster and more accurate ESG reporting and emissions reduction. The platform is trusted by 20+ organizations and built by Travanleo Info Solutions, a company with over a decade of expertise in Cloud, AI, and sustainability software.
