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Meet our founder of the week: Gusto’s Youssef Elgarhy
Gusto is a local luxury food ingredient supplier
Partech closes USD 300 mn Africa-focused fund
The fund will invest in African tech startups with initial tickets of USD 1 mn-USD 15 mn in African startups
Traditional news media could be soon replaced by influencers on TikTok + YouTube. PLUS: Why are Gen Z so tense all the time?
Conventional media outlets are losing rapport with the emerging generation as they prefer people over household names
EKH wants in on the state’s privatization program. PLUS: Sawari Ventures USD 150 mn fund, Evolve gold investment fund, Fincart KSA HQ, Tamar ups production, Marakez loan
EKH also wants to set up electricity distribution stations under build-own-transfer agreements with the government
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
US recession worries recede
Analysts, fund managers no longer expect a US recession this year: Only a quarter of analysts and forecasters think the…
Meet our founder of the week: TUT FC’s Ali Elbeshbishy
TUT FC isn’t just driven by community — it’s also driven by technology
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