Report from ArabNet -The Impact of the COVID 19 outbreak on the entrepreneurship ecosystem

This report, developed by Wamda and Arabnet aims to identify the extent of the impact of COVID-19 on the region’s entrepreneurship sector and the measures that can be taken to alleviate the financial stress on startups.

Only 12 Startups
have a runway of more than 12 months

of travel startups shut down

83% of respondents in Egypt
reported an overall negative impact of the pandemic

Half of the region’s startups
have also witnessed an impact to their latest funding round

Close to 50%
of startups that responded to the survey reported that they have a cash runway of less than 6 months