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AI + Innovation (MENA) 
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Egypt leads startup activity in Africa in 2024
Egyptian startups raised a combined USD 329 mn across 78 funding rounds during the year
Revised Labor Act to soon head to the House
PLUS: Cabinet approved a proposed mechanism to settle overdue payments owed under the export subsidy program
Entrepreneurship Ministerial Committee to release its start-up charter to support the sector in 1Q 2025. PLUS: UVAII Venture Studio, Electra + Elsewedy Electric, AT Lease, Kima, StrategizeIT, Air Arabia, G-Tec Education
The government wants to increase startup investments tenfold to USD 5 bn
Nowlun secures USD 1.7 mn in seed funding round to drive regional expansion
The startup aims to expand regionally, enhance its platform, and expand real-time cargo tracking
Baron to invest EGP 3 bn in five local hotels and Zanzibar expansion by 2026: PLUS: EFG Hermes + Maarif Education, Compass Capital + CI Capital, Green Coast, Edafa, Orascom Pyramids Entertainment, Bank NXT + Mindgate Solutions
The group is heading to Tanzania in 2025 with its first hotel outside Egypt that will house 150 suites
International investors are increasingly interested in MENA startups
The MENA region sees record growth in international investor participation, with Egypt and the UAE driving the growth
KSA’s Edafa Venture Capital acquires strategic stake in Egypt’s Taskedin
The fresh funds will help the startup expand in the Gulf and beyond
CI Capital taps Ahmed Issa as non-executive chairman
CI Capital has a new non-executive chairman at the helm: CI Capital has appointed Ahmed Issa as non-executive chair of…
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