Syrian proptech Miftah raises pre-seed round
Miftah raises pre-seed funding to launch a verified, data-driven real estate platform aimed at improving transparency in سوريا’s property market.
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Saudi Arabia firm EGDC now owns 5% stake in Capcom
Saudi Arabia’s EGDC acquires a 5% stake in Capcom, increasing the Kingdom’s presence in global gaming as part of a broader investment strategy in digital entertainment.
Saudi Arabia’s Infobrim secures angel funding at $3.5M valuation
Saudi AI startup Infobrim has raised angel funding at a $3.5 million valuation to expand its AI-powered business intelligence platform, supporting enterprise analytics and digital transformation initiatives aligned with Saudi Arabia’s Vision 2030.
World Bank initiative aims to boost digital economy in three African countries
The broader WARDIP programme was launched in November 2023 to expand internet access and promote a single digital market in West Africa. Its first phase is currently supporting The Gambia, Guinea, Guinea-Bissau and Mauritania.
Abu Dhabi’s Shorooq Joins Global Giants in $1.03bn Bet on “Causal AI”
By backing Yann LeCun’s venture, Shorooq is ensuring that the UAE’s AI strategy (anchored by initiatives like Falcon LLM) stays ahead of the curve. This investment likely signals future collaborations to bring AMI Labs’ “Causal AI” to the Gulf’s industrial, energy, and logistics sectors, where understanding the physical world is more valuable than just generating text.
Sawiris Eyes West Africa: Orascom Group Explores Landmark Investments in Togo
Orascom Group, led by Naguib Sawiris, is exploring investment opportunities in Togo following high-level talks in Lomé. Backed by a $170 million expansion fund, the Egyptian conglomerate is evaluating projects in infrastructure, tech, and construction. The move signals growing international investor confidence in Togo’s economic prospects and potential for large-scale job creation.
Wider Consulting to Invest $14.3M in Egypt and Saudi Arabia to Scale 50 Startups
Wider Consulting is deploying $14.3 million to launch 50 startups in Egypt and Saudi Arabia by 2026, focusing on sector-specific tech solutions and long-term stock market listings for its portfolio companies.
Alibaba launches $1.5m grant programme for African startups, including Tunisia
Alibaba and the Jack Ma Foundation launch a $1.5 million Africa’s Business Heroes grant programme to support startups across sectors including fintech, health, agriculture and emerging technologies.
Morocco’s Weego secures $1.1M to expand mobility tech across Africa
Morocco-based startup Weego has raised $1.1 million to expand its multimodal mobility platform across Africa, aiming to improve urban transport efficiency through integrated digital solutions.
Weego Raises $1.1 Million to Modernize Multimodal Transport in Morocco
Weego raises $1.1 million from Azur Innovation Fund to expand its multimodal transport platform in Morocco and beyond, connecting public and private transport, improving urban mobility, and offering solutions for businesses.