Updates
Sawari Ventures, an investment company, has announced plans to launch a new fund with an investment target of approximately USD 150 M in Egyptian startups, as stated by CEO and co-founder Hani Al Sanbati. Sawari Ventures is targeting various sectors, including fintech, education, healthcare, green technology, and deep tech projects, anticipating sustained growth in these sectors within Egypt.
Projections suggest that startups supported by Sawari Ventures will attract investments ranging from USD 350 M to USD 500 M over the next five years. Al Sanbati underscored the company’s ambition for Egypt to emerge as a pivotal investment hub in Africa and the broader region, noting that Sawari has invested in approximately 500 startups since its establishment in the Arab world. Approximately 35% of Sawari Ventures’ portfolio is allocated to the fintech sector, with a focus on digitising the Egyptian economy and reshaping financial inclusivity trends.
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