Sisi boosts startups with 5-year tax exemption
Egypt’s President Abdel Fattah al-Sisi confirmed that startups be exempt from taxes for five years, stressing the…
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startup
Saudi Arabia’s Morni to invest $10 mln in Egypt to acquire mobility startups
Saudi Arabia-based mobility solutions platform Morni will invest $10 million in Egypt through a signed buy-side…
Egyptian fintech startup PayMint raises a seven-figure seed funding by AUR Fintech
Egypt-based fintech startup PayMint announced on Wednesday it had obtained a seed funding of seven figures from AUR…
Egypt’s startup Capiter raises $33 million to expand b2b e-commerce platform across MENA
Egyptian B2B e-commerce startup Capiter, which brings together manufacturers, brands, wholesalers and retailers on…
Egyptian virtual clinic app Doctor Online expects new round of funding in Q2
Egyptian virtual clinic app, Doctor Online will receive a new funding in the second quarter of the year, its…
Egyptian e-commerce startup Kemitt secures undisclosed six-figure funding from Saudi angel…
Egyptian e-commerce startup Kemitt announced on Thursday it had secured an undisclosed six-figure investment in a…
Startup funding increases 31% in Egypt during 2020
Egypt held the second-biggest share of venture capital investment in MENA last year, falling behind the UAE, which…
Amazon wants to invest in start-ups, but some are nervous about taking the money
Amazon came under fire in May when its newly released Echo Show looked almost identical to an existing…
Facebook has acquired a content rights startup called Source3 to help fight video pirates
Facebook has acquired a startup to help it crack down on users who share pirated videos and other content without…
Ex-Intel engineer to build new startup in Egypt before year-end
Intel Corporation’s ex managing director in Egypt and Levant is planning to create a new communications and…
AfDB 2023