Egypt

Egypt launches Govtech Innovation Lab to empower startups

Egypt’s Ministry of Communications and Information Technology has launched the “Govtech Innovation Lab” initiative to empower innovative startups interested in government technology and improve ...

Egyptian startup Pharmacy Marts raises bridge round led by Acasia Ventures

Early-stage venture capital firm Acasia Ventures announced the investment in a Cairo-based digital marketplace, Pharmacy Marts.

Fawry and PayMe to facilitate e-payments for Egyptian expatriates worldwide

Egypt’s Fawry has partnered with PayMe to empower expatriates in the Gulf region and worldwide to conduct financial transactions and pay bills electronically in Egypt from abroad through the Pay...

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...

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%...

Egyptian logistics startup Bosta attracts strategic investment

Egyptian logistics startup Bosta announced a strategic investment from leading firms Axian Group, Avanz Capital, and Beltone Holding. This substantial funding, combined with Bosta’s recent achie...

Endeavor Jordan successfully concludes ‘DealMakers’ event in Cairo

Endeavor Jordan successfully concluded the 8th edition of its flagship investor/entrepreneur networking event, ‘DealMakers.’ The event witnessed an outstanding turnout, boasting over 400 guests repres...

Valu partners with Bosta and PayTabs to transform last-mile delivery service

Valu, MENA’s leading universal financial technology powerhouse, announced its partnership with Bosta, the leading tech-enabled last-mile delivery service provider in Egypt and Saudi Arabia. PayTabs Eg...

Egyptian edtech Edura secures pre-seed funding

Edura, the Egypt-based educational technology startup, announced the successful completion of an undisclosed pre-seed funding round led by Smart Zone Startups Studio and angel investors.