Ariika announced that it will use the fund raised to expand its regional presence across the MENA region starting with Saudi Arabia.
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
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
MENA’s ecommerce market was valued at $37 billion, with the report predicting that it will exceed $57 billion by 2026
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.
