By Lucidity Insights Research Team • March 20, 2024
Investing in Egypt’s Startup Ecosystem in 2024
In 2023, despite a stellar 2022, Egypt's startup ecosystem faced setbacks. Challenges including the global VC winter, inflation, and currency devaluation emerged, yet optimism persists for 2024 investments.
Micro, Small, and Medium Enterprises (MSMEs) contribute over 40% to Egypt’s economy and account for over 75% of the country’s total employment. Entrepreneurship plays a critical role in Egypt’s future growth. 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.
To discover more about Egypt's resilient tech ecosystem, read or download the Special Report: 'Investing in Egypt’s Startup Ecosystem’.
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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.
Other Videos
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Discover Egypt's entrepreneurial journey with incubators and accelerators driving startup growth. Explore key programs and their impact on the startup ecosystem.
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Egypt's startup ecosystem ranks 3rd in MENA, driven by young talent, fintech innovation, and Vision 2030, despite current economic challenges.
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Discover the top investors fueling Egypt's vibrant startup scene. With over 160 VC firms and $2 billion in deals, explore the key players driving entrepreneurial success in Egypt.
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Egypt’s currency crisis is impacting its thriving tech startup scene. Watch this video to explore the effects on Egypt's Startup Ecosystem.
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Egypt shifts from traditional sectors to tech. Discover how three unicorns drive growth and innovation by 2030 in our video.
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Is the perception of the Middle East as a more favorable market for Egyptian entrepreneurs still valid? Watch this video to find out.
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Finding 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, 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, 2024
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