Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Tech startups in the UAE and Saudi Arabia face rising competition as international founders reshape the region’s landscape. Entrepreneurs are urged to demonstrate strong business models, adaptability, and market understanding to succeed. Key principles for success include motivation, intuition, courage, foresight, and inspiration to stay competitive and attract investment.
Bekia, an Egyptian startup, has developed a digital platform that incentivizes recycling by allowing users to exchange waste for goods and services. With over 75,000 users, the platform focuses on empowering women and improving waste management in underserved neighborhoods. Bekia aims to expand its green tech impact through key partnerships.
Flat6Labs has partnered with Tamwilcom to accelerate the growth of Moroccan startups, focusing on sectors like AgriTech, FinTech, and AI. This collaboration, supported by the IFC, offers funding, mentorship, and business development to boost Morocco’s entrepreneurial ecosystem and foster innovation, digital transformation, and economic growth.
Egypt has launched the Invest-IT program to support tech startups in their Seed and Pre-Series A stages. The initiative, led by ITIDA and Flat6Labs, aims to enhance investment readiness and help startups secure funding, expand operations, and drive innovation in sectors like AI, fintech, logistics, and smart energy.
TAMWILCOM and Flat6Labs have launched a new acceleration program for Moroccan startups, focusing on sectors like AgriTech, FinTech, and AI. The program aims to boost venture capital fundraising by preparing startups for investment readiness. This collaboration supports Morocco’s goal of becoming a technological innovation hub in North Africa.
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.