Browsing: Entrepreneurship

The Ocean impact-focused accelerator by OceanHub Africa has selected one South African and five Nigerian startups as its 2022 cohort.

MENA startups raised USD 173 million last month as investment levels continue to fall in 2022, according to WAMDA and Digital Digest.

Flat6Labs is one of the region’s most active VC firms. In this exclusive interview we talk with CEO Ramez El-Serafy about the company and the startup environment in Africa.

Further Ventures, a new investment company, will focus on fintech and supply chain startups as well as building digital assets.

Elevatus raises funds with support from Global Ventures, Wa’ed Ventures and the Oman Technology Fund Venture.

erad, a Saudi-based fintech, gains support from regional investors to provide growth capital for regional online businesses.

Endure Capital, an Egyptian venture capital firm, has completed the first close of its new fund that aims to invest in early-stage startups across Africa.

liwwa gains support from international and regional investors as smaller MENA markets see increasing activity.

MENA startups from across the region raised USD 378 million in August, a 260% increase in value, but the number of deals fell month-on-month. July saw investments of USD 105 million, the lowest amount in 2022.

Fintech accounts for 23% of VC investments in the region since 2020, according to the MENA Data Insight Report from GPCA.