Qara, an Egyptian supply chain technology startup, has secured $2.6 million in funding to expand into Saudi Arabia. The platform ensures product authentication and traceability, benefiting over 50,000 users across multiple countries. This expansion aligns with Vision 2030 and highlights Qara’s role in driving innovation in the region.
Orange Egypt’s $52.7 million investment is driving a youth-focused tech revolution, funding over 40 startups, mostly from Egypt. This investment comes alongside the second phase of 5G licensing. With Egypt’s startup scene thriving, the country aims to solidify its position as Africa’s top entrepreneurial hub.
ITIDA and Flat6Labs have launched InvestIT, a program designed to support Egyptian tech startups at the seed and pre-Series A stages. Over six to eight months, 12 startups will receive personalized consultancy, training, and connections to investors, helping them become investment-ready and scale within Egypt’s growing digital economy.
Egypt has launched the InvestIT programme to support seed and pre-Series A tech startups. In collaboration with Flat6Labs, ITIDA, and TIEC, the programme offers consultancy, tools, and investor connections to help startups scale operations and enhance their competitiveness, fostering growth in Egypt’s digital economy.
Egypt launched the “Invest IT” program to boost investment readiness for tech startups, with government initiatives supporting skills development, international partnerships, and infrastructure. Despite a funding decline, Egypt remains a top MENA startup hub, with Invest IT fostering a resilient ecosystem for sustainable growth.
The fund aims to address the unique challenges and opportunities within the African tech ecosystem, which is experiencing rapid growth fueled by a young and expanding population.
The Information Technology Industry Development Agency (ITIDA) and Flat6Labs have launched the IT Invest program to support tech-enabled startups in Egypt. The initiative aims to equip seed and pre-Series A startups with training, resources, and networking opportunities to enhance their investment prospects and contribute to economic growth.
iACCEL GBI has partnered with AWS Activate to provide startups in the UAE with essential resources, including up to $25,000 in AWS credits. This collaboration will enable portfolio companies to build and scale their cloud infrastructure, enhancing their operational capabilities and supporting innovation within the region’s startup ecosystem.
Saudi Arabia’s Ministry of Communications and Information Technology has launched the Tech Talent Hub initiative to support technology startups and digital talent. This initiative aims to enhance the tech sector and digital economy by providing comprehensive HR services, enabling startups to maximize their potential in line with Saudi Vision 2030.
EdVentures, Nahdet Misr Group’s venture capital arm, has selected eight new startups to enhance its edtech portfolio. These firms specialize in innovative educational technologies, expanding EdVentures’ total to 22 companies and emphasizing its commitment to revolutionizing Egypt’s educational system.
