Investment -

Egypt’s Deputy Prime Minister Inspects Key Industrial Developments in 10th of Ramadan and Badr Cities

Shahzaib4 months ago4 months ago03 mins

Kamel Al-Wazir, Egypt’s Deputy Prime Minister, toured key industrial factories in 10th of Ramadan and Badr cities. He inaugurated the Elsewedy Telecom Cables Factory, visited Utopia Pharmaceuticals, and reviewed Schneider Electric’s facility. These visits highlight Egypt’s commitment to boosting local production and export capacities in telecommunications, pharmaceuticals, and electrical industries.

Saudi AI Startup vminds.ai Secures Six-Figure Pre-Seed Funding to Launch Platform

Shahzaib4 months ago4 months ago01 mins

vminds.ai, a Saudi-based AI startup, has raised a six-figure pre-seed funding round to launch its platform for individuals and businesses. The company aggregates over 150 AI tools and is affiliated with Microsoft and NVIDIA. It aims to expand regionally and globally through partnerships and strategic growth initiatives.

Khazna Secures $16 Million in Funding to Expand Digital Financial Services in Egypt and Saudi Arabia

Shahzaib4 months ago4 months ago03 mins

Khazna, an Egyptian fintech startup, has raised $16 million in pre-Series B funding, bringing its total funding to over $63 million. The company provides financial services like salary advances and microloans to low-income workers. It plans to expand into Saudi Arabia and apply for a digital banking license in Egypt.

Foundation Ventures Secures $25 Million for New Fund to Boost Egypt’s Startup Ecosystem

Shahzaib4 months ago4 months ago03 mins

Foundation Ventures, a Cairo-based venture capital firm, has secured the first close of its $25 million fund, “FVFII.” The fund will support startups in Egypt and Africa, focusing on driving innovation, regional expansion, and global competitiveness. Investors include the Egyptian American Enterprise Fund and MSMEDA.

ITIDA and Concentrix Sign $1 Billion MoU to Expand Egypt’s Outsourcing Sector

Shahzaib4 months ago4 months ago02 mins

ITIDA and Concentrix have signed a $1 billion MoU to enhance Egypt’s outsourcing industry. The partnership aims to create 16,000 jobs, expand Concentrix’s workforce to 35,000 by 2028, and strengthen Egypt’s position as a global outsourcing hub. This expansion reflects Egypt’s growing role in the digital economy.

BrazzPR Secures $75K Funding for Wrkman through Digital Storytelling Campaign

Shahzaib4 months ago4 months ago02 mins

BrazzPR raised $75,000 in funding for Wrkman through a digital storytelling campaign that utilized influencer marketing. The campaign successfully grew Wrkman’s user base to over 10,000, showcasing the power of strategic digital marketing and storytelling in attracting investors and users for startups in the tech sector.

Insight Terra Secures $5.7M to Scale Climate Tech Platform

Shahzaib4 months ago4 months ago02 mins

Insight Terra, a South African climate tech platform, has secured $5.7 million in funding to scale its operations. The investment will support the expansion of its commercial and technical teams and enhance the platform’s capabilities in environmental risk management. Insight Terra focuses on providing actionable insights to mitigate environmental impacts.

Fincart Secures Pre-Seed Funding to Enhance E-Commerce Shipping Solutions

Shahzaib4 months ago4 months ago02 mins

Fincart, an Egyptian startup helping e-commerce SMBs with shipping and working capital, has secured an undisclosed pre-seed funding round led by Plus VC and other regional investors. The funds will enhance its tech platform and courier network, supporting the growing e-commerce markets in Africa and the Middle East.

Egypt and France Discuss Strengthening Bilateral Ties in ICT and AI

Shahzaib4 months ago4 months ago03 mins

Egypt’s Minister of Communications met with the French Ambassador to discuss attracting greater French investment in Egypt’s ICT sector, focusing on AI and digital outsourcing. The meeting also included plans for Egypt’s participation in the upcoming AI Summit and a French business forum, highlighting the country’s growing digital capabilities.

Nigeria’s FMCIDE and WIOCC Group Partner to Boost Digital Economy and Infrastructure

Shahzaib4 months ago4 months ago02 mins

Nigeria’s FMCIDE and WIOCC Group have formed a strategic partnership to boost Nigeria’s digital economy through investments in digital infrastructure and stakeholder engagement. The partnership focuses on improving broadband access, last-mile connectivity, and job creation, with WIOCC deploying advanced fibre and colocation facilities across the country.

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EDGE Group Signs MoU with Specialist Mechanical Engineers to Manufacture Land Vehicle Components in UAE

Qatar’s Ministry of Commerce and Industry Launches AI-Powered Virtual Assistants “Smart Assistant” and “Saif”

Tencent’s Level Infinite Partners with Invest Qatar to Boost Gaming Industry Growth

MENA Startups Surge with Funding, Acquisitions, and Strategic Growth in Q2 2025

Saudi Arabia Leverages AI to Drive Health and Fitness Transformation Under Vision 2030

Pakistan Establishes Pakistan Digital Assets Authority (PDAA) to Regulate Crypto and Modernize Digital Finance

Oman’s Ministry of Transport, Communications, and IT Welcomes 55 Startups to Second Nomu Programme Cohort

STM Sanchar Applies for Unified Telecom License in Nepal Amid Regulatory Developments

Morocco to Launch 5G Network in Six World Cup Host Cities with Ambitious National Rollout Plan

Nigeria to Boost Telecom Service Quality with Historic $1 Billion Network Investment by Q3 2025

Investment

Egypt’s Deputy Prime Minister Inspects Key Industrial Developments in 10th of Ramadan and Badr Cities

Saudi AI Startup vminds.ai Secures Six-Figure Pre-Seed Funding to Launch Platform

Khazna Secures $16 Million in Funding to Expand Digital Financial Services in Egypt and Saudi Arabia

Foundation Ventures Secures $25 Million for New Fund to Boost Egypt’s Startup Ecosystem

ITIDA and Concentrix Sign $1 Billion MoU to Expand Egypt’s Outsourcing Sector

BrazzPR Secures $75K Funding for Wrkman through Digital Storytelling Campaign

Insight Terra Secures $5.7M to Scale Climate Tech Platform

Fincart Secures Pre-Seed Funding to Enhance E-Commerce Shipping Solutions

Egypt and France Discuss Strengthening Bilateral Ties in ICT and AI

Nigeria’s FMCIDE and WIOCC Group Partner to Boost Digital Economy and Infrastructure