UAE tech startups raised $872 million in Q1 2025, a 194% increase from the previous year, driven by late-stage investments in sectors like enterprise applications, fintech, and retail. Dubai remains the dominant hub for venture capital, while acquisitions and high-value deals indicate the region’s growing tech maturity.
Egypt’s Minister of Communications, Amr Talaat, met with Vodafone Egypt and Vodacom Group CEOs, along with a South African investment delegation, to discuss boosting investments in the ICT sector. Key topics included digital transformation, infrastructure, and collaboration with the private sector, aiming to attract foreign investments and promote technological growth.
Rentify has launched in the UAE, offering a tech-driven rental experience with AI-powered solutions, automated rent collection, and flexible payment options. The company secured $500,000 in funding and is already handling AED 1.5 billion in property value. It aims to streamline the rental process for both landlords and tenants.
The Ugandan government has partnered with Rowad Capital Commercial (RCC) to revitalise Uganda Telecommunications Corporation (UTel). RCC will take a 60% stake in UTel, with the government retaining 40%. This partnership aims to commercialise Uganda’s ICT National Backbone Infrastructure, attracting private sector clients and increasing revenue.
Finja has secured additional investment in its Series A round from Habib Bank Limited (HBL), joining previous investors. The investment will support Finja’s efforts to provide digital loans to Pakistan’s SMEs, a crucial sector for the country’s economy. HBL’s involvement strengthens Pakistan’s fintech landscape and digital financial inclusion.
Egypt will participate in 26 projects under the INTERREG NEXT MED programme, funded by the EU. The projects will focus on sectors such as SMEs, tourism, education, environmental sustainability, and climate change. The programme aims to promote smart, sustainable, and inclusive development across the Mediterranean Basin.
ORA Technologies has raised $1.9 million in pre-Series A funding, increasing its total capital to $4.4 million. The investment will fuel the growth of ORA Cash, Morocco’s first social mobile wallet, and KooulMaroc, a food delivery service. This marks a key step in advancing Morocco’s digital and financial services.
YORA Technologies has raised $1.9 million in a pre-Series A funding round, bringing its total capital to $4.4 million. The investment will support the growth of its food delivery service, Kooul, and accelerate the development of ORA Cash, a digital payment solution, advancing digital and financial inclusion in Morocco.
ORA Technologies has raised $4.4 million to scale its digital financial services in Morocco. The funding will support the growth of its ORA Cash mobile wallet and e-commerce platform, KooulMaroc. With 300,000+ downloads, ORA Technologies aims to improve digital accessibility and financial inclusion for Moroccan consumers.
ToumAI, a Moroccan AI startup, raised USD 1 million in pre-seed funding to enhance its AI-driven customer experience solutions tailored to African languages and cultural nuances. The funding will support the growth of its HolistiCX suite, market expansion, and team development. ToumAI aims to improve inclusivity in digital transformation.
