Egypt Edition 
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AI + Innovation (MENA) 
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Egypt leads startup activity in Africa
Egyptian startups raised a combined USD 304 mn between January and September
Local startup funding rose 219% m-o-m in September, but still lag behind regional startup scene
Saudi Arabia dominated regional startup funding in September
Gov’t to invite bids for USD 3 bn worth of PPP infrastructure projects by the end of the year. PLUS: Beltone to launch two new venture funds
The projects include 15 desalination plants with combined investments of USD 3 bn
US-based Sultan Ventures acquires homegrown startup investor Acasia Group
The acquisition creates a new US-MENA bridge
Flat6Labs plans to launch new USD 85 mn fund
The fund will focus on Egypt and Tunisia, as well as other African markets
My Morning Routine: Maha Mandour, founding partner of COREangels MEA
I don’t necessarily want to separate my work from my life — on the contrary, I enjoy mixing them together
Venture debt funding for local startups drop 86% in 2023
The country witnessed two venture debt transactions during the year
Coffee With: Karim Hussein, managing partner of Algebra Ventures
“Last year, we were sort of the only ones investing in startups. We had a view on what the true…
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