MENA Number of Deals in 2023
Egypt usually ranks 2nd behind the UAE, in terms of the number of deals inked in MENA, however 2023 has been a difficult year and Egypt ranked 3rd behind both the UAE and Saudi Arabia. Morocco was the only other country in MENA (excluding Israel) that had more than 10 deals inked in 2023, as the VC winter set in across the world.
Related Report
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.
