{"id":601346,"date":"2019-02-26T03:46:29","date_gmt":"2019-02-26T03:46:29","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/26\/the-egyptian-startup-scene-looks-to-africa\/"},"modified":"2019-02-26T03:46:29","modified_gmt":"2019-02-26T03:46:29","slug":"the-egyptian-startup-scene-looks-to-africa","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/26\/the-egyptian-startup-scene-looks-to-africa\/","title":{"rendered":"The Egyptian startup scene looks to Africa"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <b>The Egyptian startup scene looks to Africa: <\/b>Egyptian startups and venture capital funds are eager to expand into other African countries, <u><a href=\"https:\/\/www.wamda.com\/2019\/02\/egypts-growing-africa\">Yasmeen Nabil writes for Wamda.<\/a><\/u> Transportation startup Halan has begun operating in Sudan, smartphone manufacturer Silicon Industries Corporation is looking at multiple sub-Saharan countries, and Cairo-based incubator Flat6Labs is looking to expand in the coming years. \u201cI thought it would be a great pilot to test our implementation skills across the border,\u201d Halan CEO Mounir Nakhla said. \u201cSudan really is an extension of Egypt, so it was a normal progression.\u201d<\/p>\n<p><b>Technology the enabler: <\/b>Continental expansion is being driven by technology, which is making it increasingly easy for businesses to adapt their models to different countries and cultures. \u201cTechnology is enabling entrepreneurs to develop local solutions for local problems and to quickly grow their presence beyond their initial core market,\u201d Tarek Assaad, managing partner at Algebra Ventures, said.<\/p>\n<p><b>But diversity still presents challenges: <\/b>The huge diversity of language and culture on the continent can present considerable challenges for startups expanding south. \u201c[Startups] need to have strategies that can be adjusted to each country,\u201d Sergio Pimenta, VP at the International Finance Corporation, said. \u201cSometimes they don\u2019t know these countries or sometimes can feel less comfortable because of the diversity of the country.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Egyptian startup scene looks to Africa: Egyptian startups and venture capital funds are eager to expand into other African countries, Yasmeen Nabil writes for Wamda. Transportation startup Halan has begun operating in Sudan, smartphone manufacturer Silicon Industries Corporation is looking at multiple sub-Saharan countries, and Cairo-based incubator Flat6Labs is looking to expand in the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":601347,"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":[8572],"tags":[7098,398,72,203,697,2380,123],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-601346","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-africa","tag-algebra-ventures","tag-enterpriseam","tag-entrepreneurship","tag-flat6labs","tag-speed-round","tag-startups","wpautop","entry"],"acf":{"mongo_id":"a4fb7367-858c-48d7-84ac-c79947ee252b","is_powered_by":true,"section_story_id":"deafe355-48f5-449c-bed9-9c7d39d1be90","story_type":"1","photo_url":"https:\/\/ent.news\/2019\/2\/2825.jpg","photo_position":"above","related_issue":[601334],"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>The Egyptian startup scene looks to Africa - 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\/2019\/02\/26\/the-egyptian-startup-scene-looks-to-africa\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Egyptian startup scene looks to Africa\" \/>\n<meta property=\"og:description\" content=\"The Egyptian startup scene looks to Africa: Egyptian startups and venture capital funds are eager to expand into other African countries, Yasmeen Nabil writes for Wamda. 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