Algeria Showcases Entrepreneurship Vision at Summer Davos Forum 2025
Algeria shared its progress on start-up support and economic reforms at the 2025 Summer Davos Forum, reinforcing its commitment to global innovation and entrepreneurship.
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Turkey Supports Nearly 100 Tech Startups to Showcase Innovations at Global Entrepreneurship Events
Turkey’s National Technology Initiative supports nearly 100 startups annually to attend major global tech events, fostering investor engagement, partnerships, and market expansion. Applications for the 2025–2026 round are open until July 1.
Visa Strengthens Commitment to Africa’s Fintech Sector with Investments in Konnect and PayTic
Visa has made strategic investments in Tunisian fintech Konnect and Moroccan startup PayTic, enhancing its commitment to Africa’s fintech ecosystem. These investments are part of Visa’s ongoing USD 1B initiative, empowering startups with funding and mentorship. Konnect offers instant payments via shareable links, while PayTic provides compliance tools for financial institutions.
Sadq Raises $1.46 Million in Pre-Series A Funding to Expand Digital Signature Solutions in Saudi Arabia
Sadq, a digital signature provider based in Riyadh, raised $1.46 million in a Pre-Series A round led by X by Unifonic. The funds will help the company scale its infrastructure, enhance security, and support the growing demand for paperless workflows in line with Saudi Arabia’s Vision 2030 digital transformation agenda.
Egypt Launches Invest-IT Program to Support Tech Startups and Boost Investment Readiness
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.
Algeria to Launch Specialized Investment Funds to Support Startup Growth and Diversification
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.
Vodafone Qatar Focuses on Growing Digital Economy with Heavy Investments and Partnerships
Vodafone Qatar is heavily investing in Qatar’s digital economy and telecommunications infrastructure to position the country as a hub for entrepreneurship. Through partnerships with companies like Snoonu and Samsung, Vodafone is supporting startups with resources and digital solutions, fostering innovation, and driving the resilience of Qatar’s economy.
Pakistan and Saudi Arabia Strengthen Digital Investment and Technology Partnerships at LEAP 2025
Pakistan and Saudi Arabia have agreed to enhance digital and technology partnerships, focusing on AI, cloud computing, and fintech. The collaboration aims to support Pakistani startups and SMEs in accessing the Saudi market, simplify licensing processes, and promote joint research and development initiatives to drive regional growth and innovation.
Taager Completes $6.75 Million Pre-Series B Funding Round to Expand Social E-Commerce in MENA
Taager, a leading social e-commerce platform in the MENA region, has raised $6.75 million in pre-Series B funding to expand its offerings. The funding will help the company scale its operations, provide better tools and insights for social sellers, and grow its presence across the MENA region.
Hub71 Welcomes 27 Startups to Cohort 16, Raising $145 Million in Funding
Hub71’s Cohort 16 welcomes 27 startups, collectively raising $145 million, with 63% headquartered outside the UAE. Startups from key sectors like FinTech, HealthTech, and ClimateTech are set to scale in Abu Dhabi. The initiative strengthens the UAE’s digital economy and reinforces its position as a global tech hub.