Author: GAR STAFF

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.

GBarena is a leading Middle Eastern esports platform and will expand across North Africa and the GCC.

Ghana’s Vice President, Dr. Mahamudu Bawumia, has expressed optimism that the gold-for-oil initiative is the correct course for the country.

Intersec, the world’s leading trade fair for safety, security and fire protection, will welcome 800 exhibitors from around the world.

Eni has announced the discovery of a “significant” offshore natural gas field off the coast of Egypt.

Astra Tech, a UAE-based technology group, has fully acquired BOTIM, the MENA region’s leading VoIP platform.

InvestSky aims to make investing “inclusive, intuitive, and informed”. Following a successful pre-seed round, the UAE company is launching its platform.