Qualiphi acquires Career Club to build the region’s Arabic-first career platform

Career services platform Qualiphi acquired Career Club from iCareer in a six-figure transaction to build the region’s first Arabic-first career services management ecosystem. This localized approach allows for deep customization to tackle regional hurdles, such as language barriers and a lack of soft skills, Co-founder and CEO Nevien Magdy tells EnterpriseAM.

The talent gap: The root issue isn’t just missing talent, but a lack of student “awareness of themselves, the job market, and companies”, Magdy points out. To bridge the gap, Qualiphi takes students on a “complete journey” — starting with self-assessments, moving through tailored courses and CV coaching, and concluding with employment. Employers also actively shape this pipeline by offering courses directly on the platform and hiring the top performers.

Expansion plans: Qualiphi already serves 500k students in Egypt and 7k in the Gulf across 40 public universities. This year, Qualiphi plans to onboard 15 new Egyptian universities and expand into two new Gulf countries, Magdy said. To help prepare the region’s massive workforce influx — including the 743k Egyptian graduates who entered the market in 2024 — Qualiphi is rolling out AI tools, including virtual interviews.

Hassan Allam’s SPAC is now Grova Venture Capital

Hassan Allam’s SPAC is changing its name: Hassan Allam Investments & Venture Capital — our friends at Hassan Allam Holding’s SPAC — has changed its name to Grova Venture Capital, after its extraordinary general assembly greenlit the move, according to a disclosure (pdf) to EGX.

… and raising its capital: The vehicle is raising its authorized capital to EGP 500 mn from EGP 50 mn and its issued capital to EGP 100 mn from EGP 10 mn by issuing 90 mn shares at a nominal value of EGP 1 a pop, it said in a separate disclosure (pdf). The funds will be used to partially fund acquisitions or inject capital into acquired companies, the disclosure says.

Tags: