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MENA Start-up Ecosystem Top 5 Performers 2022
According to Startup Genome’s MENA Startup Ecosystem Top 5 Performers 2022 list, Tel Aviv’s tech ecosystem sits at the top, followed by Dubai and Cairo.
While Cairo ranked 3rd in the MENA region, the Egyptian capital reigns 1st in North Africa.
The Egyptian tech ecosystem has generated US$ 8.3 billion worth of exits and startup valuations from the second half of 2020 to 2022.
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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.
