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AI + Innovation (MENA) 
Infrastructure 
Edtech platform Almentor raises USD 10 mn in pre-series C round. PLUS: Acasia Ventures invests in Credable.
The money will be used to launch in Saudi Arabia and build out its B2C segment
With equity fundraising flowing to a crawl, are more mature startups eyeing securitized bonds?
Blnk and MNT-Halan recently raised capital by securitizing parts of their loan books.
Flat6Labs launches USD 95 mn Africa-wide seed fund
The fund will onboard two cohorts of 10-15 startups annually
Local startups are starting to get their deposits from SVB
Scores of Egyptian startups have money tied up with the bank
US to bail out SVB depositors, hand emergency loans to banks to avert financial crisis
All depositors will receive their money on Monday, regulators say.
EgyptAir to increase flights to China. PLUS: Green hydrogen, oil exploration and a new startup fund
EgyptAir relaunched flights to China last week.
What really happened at SVB?
This is the second largest bank failure in US history
Silicon Valley Bank collapse leaves dozens of local startups in the lurch
SVB clients are scrambling to find cash to meet payroll and other expenses.
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