{
  "id": 16904140,
  "title": "Nahdet El Mahrousa and GIZ support 12 green scaleups with EGP 57.5 million",
  "url": "https://urgent.news/2026/10/28/nahdet-el-mahrousa-and-giz-support-12-green-scaleups-with-egp-57-5",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-28T11:44:52.000Z",
  "source": {
    "name": "Wamda",
    "slug": "wamda",
    "url": "http://wamda.com/2026/10/nahdet-el-mahrousa-giz-support-12-green-scaleups-egp-57-5-million"
  },
  "original_language": "en",
  "account": "Egyptian accelerator Nahdet El Mahrousa, in collaboration with Germany's GIZ, has concluded the GreenShift program by graduating 12 environmentally focused startups. The initiative provided a combined investment of EGP 57.5 million to support these businesses' expansion and production capabilities. The graduation ceremony took place during the GreenShift Summit in Cairo on October 27, 2026.\n\nThe program, implemented by Nahdet El Mahrousa and co-funded by the European Union and the German Federal Government, focuses on helping green businesses commercialize their sustainable solutions and scale their operations. The 12 successful startups span sectors such as climatetech, circular economy, recycling, sustainable materials, and waste management. Notable among them are TileGreen Tech, which converts hard-to-recycle plastic waste into durable building materials; Tilestic, which transforms single-use plastic waste into building tiles; and EGYMAG Biotechnology, which utilizes black soldier fly larvae to convert organic waste into protein, oil, and fertilizer.\n\nAt the summit, industry leaders, policymakers, investors, and entrepreneurs gathered to discuss strategies for scaling green businesses and driving sustainable economic growth. Dr. Mona Shehab, Director of the National Solid Waste Management Programme, highlighted the critical role of startups in Egypt's economy, stating that \"startups play an important role in building a stronger, more sustainable national economy by generating innovative ideas and creating new opportunities that contribute to economic growth and help advance the country’s future development plans.\"\n\nOne of the key challenges these startups face, according to Mostafa Ashraf, a private sector advisor at GIZ, is the high upfront cost of equipment. The GreenShift program addresses this issue by financing machinery, enabling companies to continue developing their operations and improving production processes. The 12 graduating businesses were among 1,353 applicants who underwent training and received a total of EGP 1.3 million in productive assets. Additionally, eight of the funded startups received support in completing licensing and formalization procedures.",
  "summary": "Egypt's Nahdet El Mahrousa and Germany's GIZ have marked the graduation of 12 green businesses from the GreenShift accelerator, which provided a combined EGP 57.5 million in investment to support their growth and production capacity. The graduation took place at the GreenShift Summit in Cairo on October 27, 2026. Implemented by Nahdet El Mahrousa in partnership with GIZ, and co-funded by the…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}