Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Breadfast has raised $50 million in pre-Series C funding to expand across Egypt, strengthen supply chain infrastructure, and scale private label, omnichannel retail, and embedded financial services operations.
African startups raised $4.1 billion in 2025, driven largely by record debt financing and sector diversification beyond fintech. While funding shows structural recovery, a shrinking seed pipeline poses risks for future growth across the continent.
Orange Middle East and Africa awarded three start-ups at the Orange Summer Challenge 2025, recognising technology-driven solutions addressing environmental and societal challenges. The initiative supports young entrepreneurs through funding, mentoring, and innovation programmes aimed at advancing digital inclusion and sustainable development across Africa and the Middle East.
Saudi fintech CASHIN has raised USD 16 million in Series A funding to digitise financial and operational management for fuel stations. The AI-driven platform aims to improve efficiency, governance, and supply safety while supporting the digital transformation of Saudi Arabia’s energy and infrastructure ecosystem.
Web Summit Qatar 2026 opened with new funding commitments and entrepreneur incentives as the country advances its ambition to become a global tech hub. With 30,000 attendees from 127 countries, the summit highlighted growing investment, startup momentum, and digital innovation across fintech, AI, and emerging technologies.
Magnum Egypt, a graduate of TIEC’s StartIt incubation programme, has been acquired by AntX to expand research and development capabilities across robotics, automation, and IoT technologies. The move highlights growing momentum in Egypt’s startup ecosystem and the role of incubation programmes in supporting scalable technology innovation.
Saudi cybersecurity startup Solidrange has raised $2.4 million in seed funding to expand its AI-powered governance, risk, and compliance solutions and cybersecurity awareness platforms. The investment will support regional growth and product development as demand rises for locally built, regulation-ready cybersecurity technologies.
Oasis500 has launched Oasis Ventures III, a $20 million early-stage technology fund aimed at supporting startups in Jordan through capital investment and mentorship. The initiative builds on the accelerator’s track record of backing 193 startups and supports the country’s broader innovation and economic modernization goals.
Egypt has launched Egypt Innovate, an AI-powered national platform connecting startups, investors, and research institutions to streamline funding access and strengthen collaboration across the innovation ecosystem. The initiative supports Egypt’s transition toward a knowledge-based economy and aims to enhance investor engagement and entrepreneurial growth.
Egypt has launched a Startup Charter outlining a five-year roadmap to support entrepreneurship, enable up to 5,000 startups, and create 500,000 jobs. The initiative focuses on regulatory clarity, financing access, and international expansion to strengthen Egypt’s innovation ecosystem and accelerate technology-driven economic growth.