News
Sawari Ventures plans $150 million fund for Egyptian startups
Cairo-based leading VC firm Sawari Ventures has revealed its plans to initiate a new fund of $150 million for investing in Egyptian startups as the company is eyeing diverse sectors such as fintech, e...
TaskTracker Suite announced its participation at STEP Conference
TaskTracker Suite, a set of affordable, SMART, and user-friendly web and mobile applications, is participating in the STEP Conference 2024 Startup Basecamp, the largest fintech festival in Dubai.
Egypt’s M&A activity declines in 2023
According to the latest report by global law firm Baker McKenzie, based on LSEG data for globally announced M&A transactions, Egypt’s M&A in the second half of 2023 (H2 2023) experienced a 32%...
nybl and Basserah to merge together
Saudi technological leaders nybl, the science-based artificial intelligence (AI) pioneer, and Basserah, a specialist in the data and robotic-process automation domains, have announced the finalization...
Partech Africa II fund closes at $300M plus
Partech, the global technology investment firm, announces the final closing of its second Africa fund, Partech Africa II, at a hard cap of €280M ($300M+), opens a new office in Lagos and is looking to...
Step Conference kicks off with a new partner hosting model
The 12th edition of the Step Conference started on a positive note, and the Dubai-born brand will be “going global” through a leading partner hosting model for global event organisers to explore.
ENGIE launches venture studio to boost climate tech startups
ENGIE Factory, the venture-building arm of ENGIE Group, announced the launch of a venture studio to boost climate tech startups across the Middle East. The ENGIE Factory aims to be at the forefront of...
in5 startups experience 25% funding growth in 2023
Today, TECOM Group revealed that its incubator in5 has reported remarkable growth in 2023, with funding raised by startups since its inception increasing by 25% during the year.
PIESHIP raises undisclosed funding in the pre-seed investment round
Saudi-based company PIESHIP has closed an undisclosed pre-seed investment round by SEEDRA Ventures, Nama Ventures, and angel investors.