Egyptian Financial AI Startup MerQ Valued At USD 800 K After Latest Angel Round

Egypt-based Artificial Intelligence (AI) firm MerQ has closed a seed round from an individual angel investor Ahmed Kamal Selim. The

South Sudan Secures USD 500 Mn Financing Facility From Afreximbank

Cairo-based Pan-African financial institution Afreximbank has announced a USD 500 Mn investment in South Sudan. Afreximbank has made known that

World Bank Commits USD 200 Mn To Support Entrepreneurship In Egypt

World Bank has approved the allocation of USD 200 Mn to support entrepreneurs and small and medium-sized enterprises (SMEs) in

Egypt’s B2B Startup Brimore Raises USD 800K Seed Funding

Cairo-based consumer goods distribution network Brimore has raised USD 800K in a seed funding round co-led by Algebra Ventures and


Morocco-based VC Firm Outlierz Ventures Backs Five Startups In First Investment Set

An Africa-focused venture capital firm based in the Moroccan capital of Casablanca, known as Outlierz Ventures, has announced that it

Egypt Sets Up USD 57 Mn Facility For Fintechs

An approximated sum of 1 billion Egyptian pounds (USD 57 Mn) has been set up for Egypt’s fintech startups, as

Algebra Ventures Joins Forces With Ezdehar To Invest In MEA’s Upcoming Loyalty Solutions Provider: Dsquares​

Algebra Ventures, an Egypt-based VC firm has partnered with Ezdehar Management, an emerging growth equity investor in its investment in

Egypt’s Unemployment Rate Drops As Its Economy Regains Steam

Egypt’s unemployment rate has dropped to pre-revolution levels in the wake of the North African country’s economic rejuvenation alongside an

International Fund For Agricultural Development And Egypt Invests USD 81 Mn In Agribusinesses And Environment

The International Fund for Agricultural Development (IFAD) and Egypt have signed a financial pact to lessen poverty and improve food

Tunisia-Spain Relationship Strengthens With Recent USD 28 Mn SME Agreement

Recently, Tunisia and Spain underwent an agreement which involved USD 28.3 Mn aimed at rejuvenating and bolstering small businesses in