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AI + Innovation (MENA) 
Infrastructure 
UAE’s UDC to invest EGP 60 bn in a mixed-use development project. PLUS: NHMC is building a USD 300 mn medical and educational complex
UDC’s project will feature residential, administrative, entertainment, commercial, and hospitality units
Foreign direct investment in China hits lowest level since 1993
China’s crackdown on sharing information with int’l consultancies is partly to blame for driving investors away
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
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
Egypt Post wants to invest EGP 6 bn in listed and unlisted equities in 2024
Egypt Post hopes to see its profits rise 30% this year to EGP 5 bn
Egyptians Abroad Investment Company could kick off operations this year
The government has tapped investment firm Zilla Capital to manage the company’s assets
Wataniya closes in on three final offers
Good morning, wonderful people and welcome to the start of the week. We’re off to a slow start in local…
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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