The round includes $260 million in equity financing and $140 million through two securitized bond issuances secured within the past year.
Egypt received a total of $88 million in debt funding from 2018 to 2022, and accounted for more than 27% of total deals in the region.
Vodafone Egypt was consolidated from Dec. 8, contributing over 1.8 billion rand to group service revenue.
The increases in Uber services also included the Uber X Saver Service, so that the cost of the start of the trip became nine LE instead of LE7.80.
This marks its first investment in the Gulf Cooperation Council (GCC) but second in the MENA region after Egyptian fintech Paymob.
The initiative’s harvest report for the year 2022, that the initiative provided more than 2,000 job opportunities.
The list of the top VC destinations includes Nigeria, South Africa, Egypt and Kenya respectively. The four account for 70% of African VC market.
Baillie Gifford disclosed ownership of 18.75 million shares in Jumia, representing 9.39% of the company.
The state focuses on accelerating its strategic path towards the digital transformation strategy.
Aims to accelerate North Africa entry and GCC expansion.
Paymob’s gateway will process various methods of payments, including credit card, digital wallet and others on the X-ERA app.
Cloud- and cybersecurity-focused partnership set to benefit organisations across Egypt and improve citizens’ lives.
The subsea cable project aims to significantly increase the capacity, quality, and availability of internet connectivity between Africa and the world.
In a report published by the Egyptian Cabinet's Information and Decision Support Centre (IDSC), 95.9% of survey respondents use Facebook.
Egypt’s digital exports grew during the year 2021/2022 to reach $4.9bn, compared to $4.5bn in 2020/2021.
Mindsalike, emerging as the definitive networking platform for entrepreneurs and investors, hosted its 19th edition in Cairo.
A lawsuit previously filed in Egypt claimed that TikTok promotes clips of nudity, pornography, bullying, and violence in society.
The start-up recently obtained $100,000 from the American venture capital company Catalyst Fund.
The group’s decision to expand in the Egyptian market aims to achieve a real addition to the Egyptian technological scene.
NOMU has officially launched operations across the region, set to reinvent groceries for families and homegrown F&B professionals.