Algeria is launching new specialized investment funds to support the growth of startups in various sectors, including energy, AI, and ICT. With a target of 20,000 startups by 2029, the government is collaborating with international institutions to enable local startups to expand into African and Arab markets.
ThruHQ’s research reveals that 80% of Egyptian B2B companies are “digital ghosts,” missing out on an estimated $3.5 to $4.5 billion in annual market opportunities. Despite this, Egypt’s cost-effective tech talent and growing digital demand position the country for significant B2B digital growth, with companies needing stronger online engagement.
Presight has partnered with Microsoft to launch the Presight AI-Startup Accelerator, aiming to empower AI startups with cutting-edge technology, mentorship, and funding. The collaboration will help startups refine AI-powered products, optimize strategies, and integrate into global markets, driving innovation and scalability within the UAE and beyond.
The TIEC and Flat6Labs have selected startups for the Invest IT program, designed to support Egypt-based startups in becoming investment-ready. The program provides training, mentorship, and investor connections to help startups secure funding. It is divided into two phases: Preparation and Investor Engagement, aimed at fostering growth and investment opportunities.
StartUp Bahrain has partnered with ordable/ to enhance the digital growth of SMEs in Bahrain. The collaboration combines StartUp Bahrain’s ecosystem expertise with ordable/’s business management platform, offering tools like POS systems, digital menus, and e-commerce solutions to streamline operations and support local entrepreneurs.
Mylo, a fintech company from B.TECH, has received approval from Egypt’s Financial Regulatory Authority (FRA) to offer fully digital onboarding services. This service eliminates the need for in-person KYC verifications, providing instant access to financial services. Mylo is expanding nationwide, with services available in key Egyptian cities.
LoftyInc Capital Management has secured $43 million for its LoftyInc Alpha Fund to support emerging tech startups across Africa, focusing on key markets such as Nigeria, Egypt, and Kenya. The fund will invest in health tech, deep tech, and AI sectors, with at least 30% allocated to East and North Africa.
Rashit Makhat, Director of Scalo Technologies, outlines six essential strategies for startups in the UAE and MENA region to scale successfully and achieve global recognition. Focusing on deep market understanding, niche differentiation, strong teams, agility, technology investment, and adaptability will help startups thrive in a competitive, dynamic landscape.
StartUp Bahrain Pitch recently spotlighted the kingdom’s top entrepreneurial talent, showcasing startups like DOO and Cardue. DOO, led by Ali Mohsin, took first place with its AI-powered customer experience platform. The event, supported by key industry stakeholders, highlighted Bahrain’s innovation-driven startup ecosystem and potential for future growth.
Ninja, a Saudi-based quick commerce firm, is in talks for a funding round at a valuation over $1 billion, with Riyad Capital leading the deal. The company, preparing for an IPO by 2027, operates in multiple Gulf countries and aims to expand further within the region’s growing e-commerce market.
