{"id":603505,"date":"2019-04-24T04:00:19","date_gmt":"2019-04-24T04:00:19","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/24\/sawari-ventures-to-invest-c-usd-70-mn-in-north-africa-within-four-years\/"},"modified":"2019-04-24T04:00:19","modified_gmt":"2019-04-24T04:00:19","slug":"sawari-ventures-to-invest-c-usd-70-mn-in-north-africa-within-four-years","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/24\/sawari-ventures-to-invest-c-usd-70-mn-in-north-africa-within-four-years\/","title":{"rendered":"Sawari Ventures to invest c.USD 70 mn in North Africa within four years"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a><b> INVESTMENT WATCH- Sawari Ventures to deploy c.USD 70 mn across North Africa over four years: <\/b>Egyptian venture capital firm Sawari Ventures plans to invest close to USD 70 mn in high-growth tech and tech-enabled companies in Egypt, Tunisia and Morocco over the next four years, partner Wael Amin tells <a href=\"http:\/\/disrupt-africa.com\/2019\/04\/meet-the-investor-wael-amin-sawari-ventures\/\">Disrupt Africa<\/a>. Sawari <a href=\"https:\/\/enterprise.press\/stories\/2018\/12\/10\/sawari-ventures-nearing-close-on-egypt-focused-vc-fund-announces-close-of-usd-35-mn-north-african-fund\/\">raised its latest fund<\/a>, which closed with commitments of USD 35 mn in December, from institutions including the European Investment Bank, the UK\u2019s CDC, the French Development Agency\u2019s private-sector financing arm Proparco, the Dutch Good Growth Fund (DGGF), the National Bank of Egypt, Banque Misr and Banque du Caire.<\/p>\n<p><b>Amin sees strong investment prospects for the region<\/b>, with governments beginning to see the economic value of startups in driving job creation. While the startups themselves are powered by talented entrepreneurs and the promise of digital transformation looms large across the region, he says that what is really lacking is the capital that allows startups to innovate and grow. <b>Sawari likes: <\/b>finance, education, healthcare, energy and logistics.<\/p>\n<p class=\"web-image\"><a href=\"https:\/\/partechpartners.com\/news\/2018-was-monumental-year-african-tech-start-ups-us1163b-raised-equity\/\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/4\/1400.jpg?ssl=1\"><\/a><\/p>\n<p><b>Funding for startups in Egypt is growing at a notable rate, even when compared with regional leaders Kenya, Nigeria and South Africa,<\/b> according to <a href=\"https:\/\/partechpartners.com\/news\/2018-was-monumental-year-african-tech-start-ups-us1163b-raised-equity\/\">Partech Africa<\/a>\u2019s 2018 report. Total startup funding in Egypt in 2018 rang in at USD 67 mn, up from USD 36.9 mn in 2017. Last year saw 19 funding rounds close, up from 14 in 2017. Both the 2017 and 2018 reports note that Egypt is closing the funding gap with the regional leaders, which collectively have attracted 78% of startup funding invested in Africa in both years.<\/p>\n<p><b>Everybody loves fintech<\/b>, the report suggests \u2014 specifically plays on financial inclusion.<\/p>\n<p><b>You can read the full report <\/b><a href=\"http:\/\/enterprise.press\/wp-content\/uploads\/2019\/04\/Partech-2018-report.pdf\"><b>here (pdf)<\/b><\/a><b>. <\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>INVESTMENT WATCH- Sawari Ventures to deploy c.USD 70 mn across North Africa over four years: Egyptian venture capital firm Sawari Ventures plans to invest close to USD 70 mn in high-growth tech and tech-enabled companies in Egypt, Tunisia and Morocco over the next four years, partner Wael Amin tells Disrupt Africa. Sawari raised its latest [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":603506,"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":[7098,72,203,125,2069,444,2380,200],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-603505","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-africa","tag-enterpriseam","tag-entrepreneurship","tag-investment-watch","tag-north-africa","tag-sawari-ventures","tag-speed-round","tag-venture-capital","wpautop","entry"],"acf":{"mongo_id":"4861e5c9-f362-4589-8e62-481c7729c5c4","is_powered_by":true,"section_story_id":"d1b5c4d5-6675-4b57-a6f3-b0d73f4b3012","story_type":"1","photo_url":"https:\/\/ent.news\/2019\/4\/2785.jpg","photo_position":"above","related_issue":[603497],"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>Sawari Ventures to invest c.USD 70 mn in North Africa within four 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\/2019\/04\/24\/sawari-ventures-to-invest-c-usd-70-mn-in-north-africa-within-four-years\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sawari Ventures to invest c.USD 70 mn in North Africa within four years\" \/>\n<meta property=\"og:description\" content=\"INVESTMENT WATCH- Sawari Ventures to deploy c.USD 70 mn across North Africa over four years: Egyptian venture capital firm Sawari Ventures plans to invest close to USD 70 mn in high-growth tech and tech-enabled companies in Egypt, Tunisia and Morocco over the next four years, partner Wael Amin tells Disrupt Africa. 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Limited partners in the fund include the National Bank of Egypt and Banque du Caire,\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":605188,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/24\/tamer-azer-joins-sawari-ventures\/","url_meta":{"origin":603505,"position":2},"title":"Tamer Azer joins Sawari Ventures","author":"enterpriseam admin","date":"24 December 2018","format":false,"excerpt":"MOVES- Sawari Ventures has tapped Tamer Azer to join its team as a principal, the company announced in a press release. An entrepreneur and business policymaker, Azer joins Sawari Ventures from A15. The appointment comes after Sawari reached first close on its USD 35 mn North Africa fund, which will\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":653748,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/22\/sawari-ventures-is-launching-its-usd-200-mn-sawari-ventures-fund-ii\/","url_meta":{"origin":603505,"position":3},"title":"Sawari Ventures is launching its USD 200 mn Sawari Ventures Fund II","author":"enterpriseam admin","date":"22 October 2024","format":false,"excerpt":"The fund will target local and African startups and fintech players","rel":"","context":"In &quot;Startup watch&quot;","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1843.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":562494,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/26\/sawari-ventures-to-make-new-north-africa-investments-this-year\/","url_meta":{"origin":603505,"position":4},"title":"Sawari Ventures to make new North Africa investments this year","author":"enterpriseam admin","date":"26 May 2021","format":false,"excerpt":"Cairo-based venture capital firm Sawari Ventures plans to make new investments in Tunisia or Morocco this year, a source at Sawari told Enterprise, without specifying an amount or an exact date. The source spoke on condition of anonymity. Sawari has earmarked some EGP 250 mn from its EGP 1 bn\u2026","rel":"","context":"In &quot;Startup watch&quot;","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/5\/233.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":565366,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/05\/sawari-ventures-closes-egp-440-mn-egypt-tech-fund\/","url_meta":{"origin":603505,"position":5},"title":"Sawari Ventures closes EGP 440 mn Egypt tech fund","author":"enterpriseam admin","date":"5 April 2021","format":false,"excerpt":"Cairo-based VC firm Sawari Ventures has reached final close on its Egypt-focused tech fund, raising USD 28 mn (EGP 440 mn) from a handful of local and regional institutional investors, the company has announced in a statement (pdf). This fund, which is domiciled in Egypt, will invest in parallel with\u2026","rel":"","context":"In &quot;SPEED ROUND: INVESTMENT WATCH&quot;","block_context":{"text":"SPEED ROUND: INVESTMENT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/4\/335.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/603505","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=603505"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/603505\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/603497"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/603506"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=603505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=603505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=603505"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=603505"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=603505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}