Naguib Sawiris, eldest of the wealthy Sawiris brothers, announced on Twitter that he has invested in the startup site Shaghalni.com
Shaghalni allows job-hunters to post their work history and information, then have that information sent to prospective employers. The website is still in an under construction but functional state, allowing employees and employers to find each other. With help from Sawiris, it is anticipated that the website will be overhauled and the user experience improved upon soon.
Egypt’s unemployment rate was estimated at 12.8 percent in 2015.