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AI + Innovation (MENA) 
Infrastructure 
Gov’t waives the 5% development fee for zone-based phone makers selling locally
FinMin agreed to drop the 5% development fee for factories in the economic and private investment zones that had been…
Tactful AI targets USD 5-10 mn Series A after USD 1 mn pre-Series A
The Cairo- and Cambridge-based CX startup says Dstny’s R&D spending left it with a product that can compete with global…
How homegrown fashion brands are building design capacity
From the Italian Fashion Academy to self-taught illustration via skateboarding — two homegrown brands show what building design capacity in…
Homegrown brands are running on Shopify because local alternatives cannot yet be trusted to survive
Scaled businesses are on Shopify because the risk of switching outweighs the USD cost
Tactful AI’s Mohamed Elmasry on how a smart home idea became a customer experience business
“We built wonders thousands of years ago, and I believe we can do it again”
Linah Farms invests in solar startup NoorNation as it closes USD 1.05 mn seed round
The agribusiness group is going from client to shareholder after three solar pilots across its farm, school and hotel
MNT-Halan’s parent completes its EGP 4 bn injection into the Egyptian arm
Good morning, lovely people. The theme in today’s issue is money that isn’t where it needs to be: containers are…
EIB check takes TCV’s second fund to a USD 130 mn close
The mid-cap fund closed above its USD 120 mn target, but every investor in it is a development financier or…
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