Browsing: Innovation

Tech African Women (TAW) is a joint initiative by the United Nations Economic Commission for Africa (ECA), in partnership with tech venture firm Betacube. TAW seeks to support female-led idea stage startups from Ethiopia, Senegal, Tanzania and Tunisia.

Appetito, an Egyptian online grocery service and Purity, a Saudi-based IT infrastructure firm, have signed an MoU to expand the former’s services across the MENA region.

Egypt’s Convertedin has raised USD 3 million in a round featuring regional and international investors.

MENA unicorns set to emerge due to favorable regional conditions, according to a recent report by Saudi firm STV.

MENA startups raised USD 105 million in July, the lowest monthly amount recorded so far this year, according to regional startup investor and development platform Wamda.

Dubai Chambers welcomed 10 decision makers from Ethiopia’s private and public sectors to discuss closer cooperation between the two countries. The delegates aimed to explore Dubai’s advances in digital services, to discuss the creation of business partnerships and to sign agreements in support of the Digital Ethiopia 2025 Strategy.

Backed by local and international capital, Cartona seeks to “turbo charge” expansion.

The Nilepreneurs Initiative for Entrepreneurship, an Egyptian startup support program, has announced the launch of four new courses for business incubators to support startups.

Africa’s emerging markets are seeing increasing levels of investment, as investors seek out unique firms and engaging products and the continent exhibits huge potential.

MENA region startups have raised USD 1.8 billion in investment in the first half of 2022, according to a report by MAGNITT, fintech leads the way.