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, education, healthcare, green technology, and deep tech.
The company believes the current economic climate offers favourable conditions for technology investments and expects that startups supported by Sawari Ventures could secure investments ranging from $350 million to $500 million over the upcoming five years.
Sawari aspires for Egypt to become a central investment hub in Africa and also for the wider region. The company has an impressive track record of investing in about 500 startups across the Arab world since its inception.
Around 35% of Sawari Ventures’ portfolio is designated for the fintech sector, concentrating on digitizing the Egyptian economy and reshaping trends in financial inclusivity.
