Browsing: investment

A delegation from Sierra Leone met with representatives of Qatar Chamber to explore economic opportunities as Qatar’s trade surplus soars.

According to startup and investment platform Wamda, MENA region startups raised USD 176 million across 42 deals in May.

The UAE’s Minister of Economy will lead a delegation to Morocco to explore how the two countries can strengthen economic ties.

Saudi Arabia has been invited to invest in the Djibouti International Free Trade Zone, which is strategically located along coastal trade routes valued at USD 2 trillion USD.

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.

Egypt’s Minister of Petroleum and Mineral Resources, Tarek El-Molla, recently announced that the country expects to see investments of between USD 7 billion and USD 8 billion in the country’s energy sector in the current fiscal year.

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.

Startups from across the MENA region raised USD 297 million through 29 deals in April of this year.

Zimbabwe’s participation in the UAE’s Expo 2020 has resulted in a significant rise in enquiries regarding investment opportunities.