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AI + Innovation (MENA) 
Infrastructure 
MoneyHash secures USD 4.5 mn in seed funding. PLUS: Acacia invests in Kenyan startup Tappi, Saudi’s CoreVision acquires VeFund
MoneyHash plans to use the proceeds to invest in its technology and to expand its growth across the region
Aman Holding and Contact Financial plan GCC expansions in 2024. PLUS: GB Capital + Golden Coast sukuk news, new gold fund, Banknbox + SWFT, PayTabs
Aman Holding will start providing installment services in Saudi Arabia in the second half of the year
EGP strengthens on parallel and derivatives markets
Twelve-month NDFs saw the USD-EGP rate decline 11.5% throughout the day to 57.5 after the news of the ADQ sale…
How will we use the cash? Clearing the backlog, paying foreign partners top the list
Brace for a “modest” devaluation — if the IMF facility comes through, policymakers will have four years of runway when…
ADQ acquires development rights to Ras El Hekma for USD 24 bn, will invest a further USD 11 bn in “real estate and other prime projects”
Ras El Hekma will be transformed into a “next-generation city,” housing tourism, urban, commercial, and recreational spaces
Ether outperforms BTC amid ETF speculation
The second-largest digital asset has grown at a faster rate than the BTC so far this year, with Ether having…
Vodafone Egypt gets CBE approval to up stake in fintech platform Basata
Vodafone acquired its existing 10% stake in the firm in 2022
Africa was not immune to last year’s tech VC winter
Francophone countries, however, posted strong growth in value and volume of investments
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