By Lucidity Insights Research Team • April 05, 2024
Why Egyptian Startups Might Do Better to Expand to Africa vs the GCC
Is the belief that the Middle East offers better opportunities for Egyptian startups still justified? Watch this video to explore why this bias against expanding into the rest of Africa may be misguided. We've talked to investors and entrepreneurs to gain their perspective on this matter.
%2Fuploads%2Fegypt-2024%2Fcover.jpg&w=3840&q=75)
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
%2Fuploads%2Fvideos%2F250428%2FMEA_PT_Top%252010_Jan_2025.jpg&w=3840&q=75)
VC funding in MEAPT surged 82% YoY in Jan 2025, hitting $1.39B. Fintech, cybersecurity, gaming & proptech led the top 10 funding rounds. Watch the full video.
%2Fuploads%2Fegypt-2024%2Fvideos%2FStartupEgypt05.jpg&w=3840&q=75)
Discover Egypt's entrepreneurial journey with incubators and accelerators driving startup growth. Explore key programs and their impact on the startup ecosystem.
%2Fuploads%2Fegypt-2024%2Fvideos%2FEgypt02_vid06.jpg&w=3840&q=75)
Egypt's startup ecosystem ranks 3rd in MENA, driven by young talent, fintech innovation, and Vision 2030, despite current economic challenges.
%2Fuploads%2Fegypt-2024%2Fvideos%2FEgypt02_vid04.jpg&w=3840&q=75)
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.
%2Fuploads%2Fegypt-2024%2Fvideos%2FEgypt02_vid03.jpg&w=3840&q=75)
Egypt’s currency crisis is impacting its thriving tech startup scene. Watch this video to explore the effects on Egypt's Startup Ecosystem.
%2Fuploads%2Fegypt-2024%2Fvideos%2FEgypt02_vid02.jpg&w=3840&q=75)
Egypt shifts from traditional sectors to tech. Discover how three unicorns drive growth and innovation by 2030 in our video.
%2Fuploads%2Fegypt-2024%2Fvideos%2Ftrailer.jpg&w=3840&q=75)
In 2023, Egypt's startup ecosystem faced setbacks despite a stellar 2022. Global VC winter, inflation, and currency devaluation posed challenges. Yet, optimism persists for 2024 investments.
