Egypt
Business Analysis Economy

The Rise and Fall of Nigeria’s Economic Power: A Study of What Derailed Africa’s Former Giant

As recently as 2014, Nigeria held the prestigious position as Africa’s largest economy, boasting a Gross Domestic Product (GDP) of $568.5 billion. The nation surpassed South Africa that year, symbolizing a promising shift for the continent, with a powerhouse driven by a blend of oil wealth, an ambitious middle class, and significant strides in tech […]

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Economy Tech

Egypt Unveils Deloitte’s First Innovation Hub with $30 Million Investment to Boost Digital Services.

Cairo, Egypt – Egypt’s technology landscape reached a new milestone with the launch of the Deloitte Innovation Hub, marking Deloitte’s first digital services center dedicated to the export of advanced tech solutions from the country. Egypt’s Minister of Communications and Information Technology, Amr Talaat, officially inaugurated the hub, which is backed by a $30 million […]

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E-Commerce Economy

Pargo Secures $4 Million, Expands into Egypt to Tackle eCommerce Logistics Challenges in Africa

Pargo, a South African eCommerce logistics startup, has announced its expansion into Egypt, marking a significant step in its mission to create a seamless eCommerce delivery experience across Africa. This expansion follows a successful $4 million funding round, led by 3Capital Ventures (formerly affiliated with Allan Gray), Endeavor, SAAD Investment Holdings, and UW Ventures.  The […]

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Investors Venture Capital

Sawari Ventures Launches $200M Fund to Boost Startups in Egypt, Kenya, and West Africa

Egypt-based venture capital firm Sawari Ventures is gearing up to launch its second fund, Sawari Ventures II, in early 2025. With a target of raising $200 million, this fund aims to build on the success of the firm’s first fund and expand its reach into new sectors and regions, according to Launch Base Africa. The […]

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Technology

Egyptian fashion marketplace, TFK raises $2.6 million in seed funding

The Fashion Kingdom (TFK), an Egyptian e-commerce site for fashion, beauty, and home accessories, on July 26, secured $2.6 million in seed funding sponsored by CVentures, an Egyptian corporate venture capital firm. According to TFK, A15, an early-stage VC in the MENA area that has supported Esaal, Paymob, and Helios Investment Partners affiliate, TPay, made […]

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