Browsing: investment

Lifestyle estate living is on the rise in Africa, especially among the wealthy, according to the 2022 Africa Wealth Report.

The Nigerian tech startup scene has attracted the highest levels of tech startup funding across Africa, with fintech leading the way, according to Disrupt Africa, a startup-focused research platform.

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.

Tanzania sends a delegation to Doha seeking investment in the tourism and hospitality sectors and co-operation between tourism and hospitality-related businesses.

African tech investment is dominated by Nigeria, Egypt, Kenya and South Africa, according to a report by Disrupt Africa.

The Group 42 fund will operate as a private equity investor and will target high-growth markets.

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.