The Arabian Cement Company (ACC) announced launching the second round of its social startup programme “Khaleeha Suessi”, in partnership with Nahdet El Mahrousa, with funds​ of EGP 1.7m. In the second phase, entrepreneurs will be provided funding of EGP 150,000 for each project in the fields​ of agriculture, food industries, renewable energy, and waste recycling. Alcantarilla added that in the first round, the ACC provided funding that reached EGP1.2m for six entrepreneurs. Alcantarilla pointed out that the results of Khaleeha Suessi’s first round kicked off in June2015, as the programme received 70 applications, out of which 15 were shortlisted for the validation phase. Furthermore,​ the first round included 24 hours of training on entrepreneurship offered to the 60 entrepreneurs involved.

Source: Daily News Egypt May 17, 2017 14:37 UTC