Gender Parity in African Tech Startups
In 2023, 107 funded startups, or 26.3% of the total, included at least one female in their founding team. This marks a significant improvement compared to 2022, when only 20.2% of ventures had a female co-founder. While these signs of progress are encouraging, there remains a considerable journey towards achieving gender parity in funding. Notably, only 62 (15.3%) of the 406 funded startups are led by a female CEO.
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Investing in Egypt’s Startup Ecosystem
Micro, Small and Medium Enterprises contribute over 40% to Egypt’s economy, and account for over 75% of the country’s total employment. Entrepreneurship is critical to Egypt’s future. Today, Egypt consistently ranks as a top 3 tech startup ecosystem in both the MENA and Africa regions, based on funds raised by local startups. In this special report, we speak to the most active investors in Egypt and cover some of the country’s most successful startups to give you an inside scoop on how they are navigating the current VC winter, inflationary pressures and currency devaluation woes.
