{"id":543793,"date":"2022-02-17T03:56:04","date_gmt":"2022-02-17T03:56:04","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/17\/digital-africa-will-invest-in-200-african-startups-over-the-next-three-years\/"},"modified":"2022-02-17T03:56:04","modified_gmt":"2022-02-17T03:56:04","slug":"digital-africa-will-invest-in-200-african-startups-over-the-next-three-years","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/17\/digital-africa-will-invest-in-200-african-startups-over-the-next-three-years\/","title":{"rendered":"Digital Africa will invest in 200 African startups over the next three years"},"content":{"rendered":"<p><strong>France-backed initiative to fund 200 African startups by 2025:<\/strong> French government-backed initiative <a href=\"https:\/\/digital-africa.co\/en\/\">Digital Africa<\/a> will turn to a forprofit model to provide EUR 70 mn worth of seed and series A funding to 200 African startups by 2025, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-02-15\/france-backed-digital-africa-to-fund-200-african-tech-startups?srnd=premium-middle-east&sref=mmeFTDW1\">Bloomberg<\/a> reports. The initiative is looking at ticket sizes of between EUR 20k-200k for each startup in locations \u201cranging from Ivory Coast to Tunisia,\u201d according to a white paper seen by Bloomberg.<\/p>\n<p><strong>Other things we\u2019re keeping an eye on this morning:<\/strong><\/p>\n<ul>\n<li><strong>SMART POLICY- Hassan Allam Holding<\/strong> <a href=\"https:\/\/dailynewsegypt.com\/2022\/02\/15\/hassan-allam-holding-partners-with-crowdstrike-to-provide-cybersecurity-solutions\/\">agreed<\/a> to a <strong>USD 1 mn ins. policy against <\/strong><strong>cyberattacks<\/strong> with US cybersecurity firm <strong><a href=\"https:\/\/www.crowdstrike.com\/\">CrowdStrike<\/a><\/strong>.<\/li>\n<li>A subsidiary of <strong><a href=\"https:\/\/alkhorcontracting.com\/\">Al Khor General Maintenance & Contracting<\/a><\/strong> plans to <strong><a href=\"https:\/\/bit.ly\/3uZHu13\">invest<\/a><\/strong><strong><a href=\"https:\/\/bit.ly\/3uZHu13\">EUR 100 mn<\/a><\/strong> in a medical city in the new administrative capital.<\/li>\n<li><strong>CIB customers<\/strong> can <a href=\"https:\/\/ent.news\/2022\/2\/CIB-VDT-PR.pdf\">now use (pdf)<\/a> the <strong>Via Drive Thru <\/strong>app to place orders within Via\u2019s vendor network and receive their orders from their cars.<\/li>\n<li><strong>The National Authority for Military Production<\/strong>, El Maasara for Engineering Industries and Italy\u2019s <a href=\"https:\/\/landirenzo.com\/en\">Landi Renzo<\/a> are <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/339790991524661\">setting up<\/a> a JV to <strong>manufacture components to convert vehicles to run on natural gas<\/strong>.<\/li>\n<li><strong>IHS Egypt<\/strong> \u2014 a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fa89de59-3040-4a35-99d5-d7598551ac68\">joint venture<\/a> between IHS Towers and the government\u2019s digitization arm \u2014 <a href=\"https:\/\/www.alarabiya.net\/aswaq\/special-stories\/2022\/02\/15\/%D9%88%D8%B2%D9%8A%D8%B1-%D8%A7%D9%84%D8%A7%D8%AA%D8%B5%D8%A7%D9%84%D8%A7%D8%AA-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%8A-%D9%84%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9-%D8%A8%D9%86%D8%A7%D8%A1-5-%D8%A2%D9%84%D8%A7%D9%81-%D8%A8%D8%B1%D8%AC-%D8%AA%D8%B4%D8%A7%D8%B1%D9%83%D9%8A-%D8%A8%D9%805-%D9%85%D9%84%D9%8A%D8%A7%D8%B1%D8%A7%D8%AA-%D8%AC%D9%86%D9%8A%D9%87\">will spend<\/a><strong><a href=\"https:\/\/www.alarabiya.net\/aswaq\/special-stories\/2022\/02\/15\/%D9%88%D8%B2%D9%8A%D8%B1-%D8%A7%D9%84%D8%A7%D8%AA%D8%B5%D8%A7%D9%84%D8%A7%D8%AA-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%8A-%D9%84%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9-%D8%A8%D9%86%D8%A7%D8%A1-5-%D8%A2%D9%84%D8%A7%D9%81-%D8%A8%D8%B1%D8%AC-%D8%AA%D8%B4%D8%A7%D8%B1%D9%83%D9%8A-%D8%A8%D9%805-%D9%85%D9%84%D9%8A%D8%A7%D8%B1%D8%A7%D8%AA-%D8%AC%D9%86%D9%8A%D9%87\">EGP 5 bn<\/a><\/strong> installing <strong>5k telecom towers<\/strong> over the next three years.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>France-backed initiative to fund 200 African startups by 2025: French government-backed initiative Digital Africa will turn to a forprofit model to provide EUR 70 mn worth of seed and series A funding to 200 African startups by 2025, Bloomberg reports. The initiative is looking at ticket sizes of between EUR 20k-200k for each startup in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7209],"tags":[111,214,893,965,377,72,7192,890,966,967],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-543793","post","type-post","status-publish","format-standard","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-cit","tag-cit-ministry","tag-crowdstrike","tag-cybersecurity","tag-enterpriseam","tag-eu","tag-hassan-allam-holding","tag-ihs-egypt","tag-telecom-towers","wpautop","entry"],"acf":{"mongo_id":"890cba7e-b961-44f0-a71c-3747c59dd4f6","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[543767],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Digital Africa will invest in 200 African startups over the next three years - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/17\/digital-africa-will-invest-in-200-african-startups-over-the-next-three-years\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Digital Africa will invest in 200 African startups over the next three years\" \/>\n<meta property=\"og:description\" content=\"France-backed initiative to fund 200 African startups by 2025: French government-backed initiative Digital Africa will turn to a forprofit model to provide EUR 70 mn worth of seed and series A funding to 200 African startups by 2025, Bloomberg reports. 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