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Why Egyptian Startups Might Do Better to Expand to Africa vs the GCC

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.

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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The Impact of Egypt’s Currency Devaluation on Local Startups

Egypt’s currency crisis is impacting its thriving tech startup scene. Watch this video to explore the effects on Egypt's Startup Ecosystem.

How Egyptian Unicorns Are Instrumental to the Country's Economic Growth

Egypt shifts from traditional sectors to tech. Discover how three unicorns drive growth and innovation by 2030 in our video.