Browsing: investment
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.
Saudi Arabia’s sovereign wealth fund, The Public Investment Fund (PIF) has launched the Saudi-Egyptian Investment Company (SEIC) in order to place investments across a wide range of sectors of the Egyptian economy, from infrastructure and real estate to pharmaceuticals.
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.