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
MENA’s ecommerce market was valued at $37 billion, with the report predicting that it will exceed $57 billion by 2026
OneOrder offers a one-stop shop for those in the HoReCa (hotels, restaurants, and catering) industries to solve supply chain pain points
Stepping up to the plate is Majid El Ghazouli, Capiter’s CFO, who will act as interim CEO until the Nouh brothers “return and allay the concerns of employees, suppliers, creditors and stakeholders.”
