Egypt's startup deals hit 129 companies securing over $1M: MoIC Minister

Mon, 08 Apr 2024 - 11:33 GMT

Minister of International Cooperation (MoIC), Rania Al-Mashat, said that during the graduation ceremony of 20 promising startup ventures from the sixth group of the Orange Corners program.

ITIDA Takes Center Stage in Fostering Egypt’s Tech Startups and Nurturing the Entrepreneurship Ecosystem, the CEO Pronounces

Mon, 09 Oct 2023 - 02:19 GMT

On the sidelines of the summit, ElZaher met with a group from the TIEC Innovation Ambassador (TIEC-IA) program. ITIDA’s CEO praised their efforts and stressed the importance of the role they play in realizing ITIDA’s goal of spreading the culture of entrepreneurship and innovation

MEAPT region startup financing drops by 64% in H1 2023

Wed, 12 Jul 2023 - 03:05 GMT

Regional funding reached its lowest recording during Q2 2023, contracting to $619 million compared to $1.26 million in Q1 2023

MENA IT Spending to Reach $178.1B in 2023, Egypt named regional tech hotspot

Mon, 19 Jun 2023 - 05:52 GMT

The report, titled "MENA Tech 2023: Mapping the Technology Landscape," analyzed various aspects of the MENA technology sector, covering areas such as FinTech, gaming, and overall technological trends

Increasing competition among startups as 'El Forsa with Lamees El-Hadidi' expands to Egypt's governorates

Sun, 18 Jun 2023 - 06:14 GMT

The new season, spanning 16 weeks, promises excitement and entertainment for viewers.

Rology acquires Saudi Arabia’s Arkan United

Mon, 05 Jun 2023 - 10:37 GMT

Rology was founded in 2017 as an on-demand teleradiology platform that connects hospitals and other healthcare providers with remote and readily available radiologists.

Axis obtaining CBE’s license for its open-loop mobile wallet

Wed, 17 May 2023 - 04:46 GMT

The digital payments platform for small businesses, axis, launched its services in partnership with Visa. This is after the platform obtained a license from the Central Bank of Egypt (CBE) for its open-loop mobile wallet.

Exits MENA obtains FRA’s securities promotion and underwriting license

Wed, 03 May 2023 - 10:35 GMT

Exits MENA is now authorized to offer listing and public offering services to its clients on the Egyptian Stock Exchange (EGX) and the SME platform, Nile Stock Exchange (NILEX) under law no. 95 of 1992.

Planning Ministry calls for green projects to finance after 18 won last year

Sun, 19 Mar 2023 - 12:26 GMT

Applying for the second round of the National Initiative for Green Smart Projects in Governorates is now open until the end of May, according to a Sunday statement by the Ministry of Planning.

IDSC: Egypt tops list of MENA countries sealing deals with startups in 2022

Sun, 05 Mar 2023 - 02:57 GMT

The Cabinet’s Information and Decision Support Center (IDSC), in an infographic report Sunday, pointed out that Egypt signed 160 agreements with emerging firms in 2022.

Egyptian president meets with representatives of 'unicorn startup companies' in Dubai

Mon, 13 Feb 2023 - 01:44 GMT

That was on the sidelines of UAE’s World Government Summit held in Dubai.

Orange Digital Center hosts Orange Venture Demo Day to Discuss the Expansion of Startups in Egypt

Mon, 19 Dec 2022 - 01:20 GMT

In the presence of Christel Heydemann, CEO of Orange Group, Jérôme Hénique, CEO of Orange Middle East and Africa, Yasser Shaker, CEO of Orange Egypt, and other Orange officials, Orange Venture Demo Day was held at Orange Digital Center

Investment volume in startups in Egypt slightly declined to $450M this year

Mon, 26 Sep 2022 - 07:15 GMT

The startups in Egypt is developing its performance and is aiming to increase it from the current size.

MCIT: Egypt targets upping foreign investments of startups to $850M by end of 2022

Tue, 26 Jul 2022 - 04:24 GMT

Talat's remarks were made at a meeting of the Lebanese-Egyptian Business Association (LEBA).

ITIDA opens door to registration for Start IT incubation program

Sun, 17 Apr 2022 - 02:44 GMT

The program is aimed at providing financial support and consulting services for young entrepreneurs and innovators, as well as start-ups that have initial business models, according to a statement released by ITIDA on Sunday.

Mashat: Egypt one of important markets for startups

Tue, 12 Apr 2022 - 01:23 GMT

The minister said her ministry's portfolio includes 36 projects in the field of digitalization and entrepreneurship, with a development funding of $1 billion.

Egyptian Gazette publishes FRA decision regarding investment of venture capital in start-ups

Wed, 06 Apr 2022 - 01:18 GMT

The first article of the decision, which was published in the Egyptian Gazette in its issue No. 81 of 2022, on Wednesday, stipulates that a new article No. 9 shall be added to the rules and procedures for dealing on securities not listed in the Egyptian Stock Exchange.

Egypt's startups raise $491m across 147 transactions hitting all-time-high volume of foreign investors

Mon, 28 Mar 2022 - 01:22 GMT

Egypt ranked first by the number of deals in Africa during 2021 and came in 3rd place in total funding where the local startups gripped 18% of total capital deployed across the whole continent.

WYF 2022 releases platforms it will offer in January with a focus on tech, art, entrepreneurship

Mon, 13 Dec 2021 - 11:16 GMT

The World Youth Forum 2022 has released the platforms it will organize in its fourth edition in January, where young people from various cultures are expected to share ideas.

Second cohort of ‘Google for Startups Accelerator: MENA’ welcomes 12 startups

Wed, 14 Jul 2021 - 03:47 GMT

The startups were selected based on criteria like the problem they are trying to solve and how it creates value for users, in addition to their willingness to use Machine Learning technology to solve business challenges and successfully scale in the long run.