Browsing: Egypt
Algebra Ventures’ second fund completes its first close at USD 100 million and will make its final close in Q1 2023.
COP 27 represents a critical moment for Africa, according to South African Minister of Forestry and Fisheries and Environmental Affairs Barbara Creecy during pre-COP negotiations in DRC.
Egypt is undertaking a range of measures to hit its renewable power targets by 2035 with the support of regional and international bodies.
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.
CarLogik and 3atlana offer a range of services to vehicle owners in the UAE and Egypt respectively. The two auto-tech startups, have both announced successful funding rounds in the past two days.
International project developers and private equity firms have pledged to invest USD 32 billion in green hydrogen and ammonia projects in Egypt’s Suez Canal Economic Zone (SCZONE). This follows on from USD 10 billion pledged in May.
SubsBase, a subscription and recurring revenue management platform, closes its seed round with regional and international support.
African tech investment is dominated by Nigeria, Egypt, Kenya and South Africa, according to a report by Disrupt Africa.
Egyptian fintech firm Lucky has signed a partnership agreement with Egyptian on-demand warehousing and fulfillment platform, Khazenly. Lucky is a digital rewards app, users of which enter a points reward system to obtain discounts on purchases from over 20,000 local and international brands.
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.