Browsing: Innovation
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.
An exclusive interview with GrubTech co-founder and CEO on how they plan to transform the restaurant and cloud kitchen sectors in the UAE and Egypt.
According to startup and investment platform Wamda, MENA region startups raised USD 176 million across 42 deals in May.
Egypt’s DXwand has received USD 1 million in new funding to expand its operations across the MENA region.
Timbuktoo, the headquarters of the United Nations Development Programme’s (UNDP) new innovation financing hub will be based in Kigali, Rwanda.
Online used-car retailer Sylndr has announced the raising or USD 12.6 million in a pre-seed round led by RAED Ventures, with participation from Algebra Ventures, Global Founders Capital, 1984 Ventures and Nuwa Capital along with a series of regional angel investors.
Startups saw record levels of VC investments, according to reports by CB Insights, a leading technology insights firm, which reported global investments of USD 621 billion last year.
The Central African Republic’s move echoes that of El Salvador, which adopted Bitcoin as an official national currency last year. The Central African Republic is the first country in Africa to adopt the cryptocurrency as legal tender, and only the second state in the world to do so.