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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.
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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.
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Meet Egypt's Pioneering Accelerator & Incubator Ecosystem
By Staff Writer • January 30, 2025Is Egypt Becoming the Next Big Startup Hub in MENA?
By Staff Writer • November 26, 2024Finding Opportunities when Startups Navigate Currency Devaluation and Rising Inflation in Egypt - with Tarek at Algebra Ventures | The Perfect Pitch Podcast Ep7
By Staff Writer • June 24, 2024Top 10 Most Active Investors in Egypt's Thriving Startup Ecosystem
By Lucidity Insights Research Team • May 20, 2024The Impact of Egypt’s Currency Devaluation on Local Startups
By Lucidity Insights Research Team • April 21, 2024How Egyptian Unicorns Are Instrumental to the Country's Economic Growth
By Lucidity Insights Research Team • April 13, 2024Why Egyptian Startups Might Do Better to Expand to Africa vs the GCC
By Lucidity Insights Research Team • April 05, 2024A Founder’s Ability to be Transparent and Communicate with Investors is Everything - with Basil Moftah | The Perfect Pitch Podcast Ep4
By Staff Writer • March 21, 2024Investing in Egypt’s Startup Ecosystem in 2024
By Lucidity Insights Research Team • March 20, 2024
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Did you check these out?
IFC Considers $75M Investment in Helios V to Accelerate Digital Innovation
By Staff Writer • March 11, 2025CI Capital & Compass Unveil USD 59.2M Private Equity Fund for EGX Investments
By Staff Writer • March 07, 2025LoftyInc Alpha Fund Raises $43M to Back Top African Tech Startups
By Staff Writer • March 06, 2025Top African Countries by Startup Funding (vs Population vs Nominal GDP)
By Staff Writer • March 05, 2025EIB Commits $75M to Helios Fund V for Tech and Infrastructure Growth in Africa
By Staff Writer • March 03, 2025Fawry Expands Fintech Ecosystem with $1.6M Investment in Three Tech Firms
By Staff Writer • February 27, 2025Qme Raises $3M to Tackle Inefficient Queuing Systems in MENA
By Staff Writer • February 17, 2025Egypt-Born & Saudi-HQ Taager Raises $6.75M to Expand Social E-Commerce in MENA
By Staff Writer • February 12, 2025P1 Ventures Finalizes $50M Fund to Invest in AI & Fintech Startups
By Staff Writer • February 11, 2025MENA’s Khazna Secures $16M to Drive Regional Growth & Digital Banking Ambitions
By Staff Writer • February 06, 2025
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