Egypt
Egypt’s Intella Secures $12.5m to Expand Arabic AI Speech Technology Across MENA
Egypt’s Intella, a rising leader in Arabic speech intelligence, has just secured $12.5 million in an oversubscribed Series A funding round, boosting its mission...
Meet Munify: Egyptian Fintech that Secured $3m Seed Round to Ease Cross-Border Banking for Diaspora
Egyptian fintech startup Munify has raised $3 million in seed funding led by Silicon Valley accelerator Y Combinator, with participation from BYLD and Digital...
Foodics Announces Second Edition Internship Program to Train Egyptian Students in Restaurant, Tech and Management
In Cairo, Egypt, Foodics, the MENA region’s leading provider of restaurant management and fintech solutions, announces to return this summer with the second edition...
Cairo’s Foodtech Startup, Suplyd Secures $2 Million to Reinvent Egypt’s Restaurant Supply Chain
Cairo-based digital procurement startup Suplyd has secured $2 million in pre-Series A funding to expand its platform and strengthen Egypt’s food and beverage supply...
Market Strategy: Meta Acquires Egypt’s PlayAI to Strengthen Voice AI Capabilities in Global Generative AI Race
In a strategic move to consolidate its position in the generative AI ecosystem, Meta, formerly Facebook, has acquired Egyptian voice AI startup PlayAI, a...
Virtuosoft to create 5000 jobs in Africa by 2030. How local partnerships can recharge economic growth
Global IT solutions provider Virtuosoft is setting the stage for a transformative entry into Africa’s tech landscape with a bold pledge to create 5,000...
Egypt’s Flend Secures $3 Million to Drive Digital SME Lending Revolution. Another Score for Egypt’s Tech Image
To accelerate digital financial inclusion across Egypt, fintech startup Flend has raised $3 million in seed funding through a blended equity and debt round...
Egypt Accelerates Fintech Reforms with Major Push to Digitize Non-Banking Financial Services
Egypt’s Financial Regulatory Authority (FRA) has announced sweeping reforms to fast-track the digitization of non-banking financial services (NBFS), positioning the country as a rising...
Egypt’s MSMEDA Injects $45M into Alexandria to Boost Small Businesses and Job Creation
Egypt’s Micro, Small and Medium Enterprises Development Agency (MSMEDA) has disbursed over EGP 2.2 billion (USD 45 million) in funding to Alexandria since July...
Inside Egypt’s Clean-Tech Push: Opportunities Rise Amid Systemic Hurdles
Egypt’s clean-tech ecosystem is gaining global attention as the country harnesses its natural solar and wind advantages to power major renewable energy projects like...
“Not all ‘AI startups’ are AI startups,” experts debate as industry witness surge
The deployment of Artificial Intelligence (AI) and Machine Learning (ML) has continued to see an upward trajectory in the industry. Thanks to the recent multi-billion...
Sawari Ventures Launches $200M Fund to Power Africa’s Startup Growth
Egypt-based venture capital firm, Sawari Ventures, has announced plans to launch its second fund, valued at USD 200 million, by early 2025. This initiative aims...
