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egyptian startups

Beltone Venture Capital acquires 20% of ariika in a Series A funding round

Ariika announced that it will use the fund raised to expand its regional presence across the MENA region starting with Saudi Arabia.

Egyptian startup and VC companies are leaders in funding within MEAPT region | MAGNiTT

Africa accounted for 51% of total MEAPT funding, and 26% of the region’s deals, however, funding and deals fell by 54% and 50% year-on-year respectively, the report wrote

ITIDA launches new program to upskill local accelerators and incubators

The Information Technology Industry Development Agency (ITIDA) and venture capital company 500 Global have launched a new boot camp centered on upskilling accelerators and incubators in Egypt

Egypt named one of MENA’s top tech hotspots, regional IT spending to reach $178.1B in 2023

MENA’s ecommerce market was valued at $37 billion, with the report predicting that it will exceed $57 billion by 2026

Egypt’s PM issues decision to form a unit for startups’ regulations and policies

The decision stated that the unit will be chaired by the executive director of the General Authority for Investment and Free Zones (GAFI), and will have the discretion to hire experts for assistance in the assigned task.