Author: GAR STAFF

MNT-Halan raises USD 400 million in equity and debt financing from international and regional investors, with more to come.

Paymob and Khazenly will support merchants in fully digitizing their operations as the result of a new strategic partnership.

Qatar and Morocco have finished the second round of talks on a free trade agreement designed to encourage cooperation between businesses in the two countries.

MENA startups raised USD 3.94 billion in 2022 across 795 deals, according to startup platform Wamda. Smaller and later stage deals on the up.

Kenyan digital automotive commerce company Autochek has acquired Morocco’s KIFAL Auto for an undisclosed amount, as the company moves into the automotive market space in North Africa.

Wafeq raises funds from Raed Ventures and Wamda Capital to accelerate North Africa entry and GCC expansion. 

African startups have more than doubled the amount of debt they raised in 2022, defying an international slump in startup financing.

Matbakhi, a Saudi foodtech startup, raises USD 2.3 million. Matbakhi aims to support F&B brands in creating chef-driven food concepts.

Cathedis, a Moroccan logistics startup has received funding from Afrimobility and CDG Invest.

Tabby, the region’s leading shopping and financial services app, is valued at USD 660 million and targets further growth.