Scaleups in Africa
In Africa, the big 4 markets for tech ecosystems are consistently Nigeria, South Africa and Egypt, closely followed by Kenya. In the Middle East and North Africa (MENA) region, the rankings are Israel out front, United Arab Emirates and Saudi Arabia, followed by Egypt. Of course, if you include Turkey, then Egypt moves to 5th place.
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.
