Service Providers News
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Founder of PraxiLabs Egypt chosen for finals of Africa Business Heroes
Khadija El Bedweihy will go up against founders from 6 African countries in November’s finale: Botswana, Egypt, Ghana, Kenya, Nigeria, Rwanda, Uganda.
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Ameer Sherif appoints a new CEO for Wuzzuf and Forasna
Ameer plans to move on to focus on VC, public policy as many Egyptian startups are attracting huge investments from global VCs every year.
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3 Egyptian banks to launch investment trust for fintech start-ups
The National Bank of Egypt, Banque Misr and Banque du Caire aim to launch a trust to support fintech start-ups with an overall EGP100bln capital.
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Flat6Labs closes $10M seed fund for Tunisian startups
In May, Flat6Labs completed the close of its Egypt-based fund — Flat6Labs Accelerator Company fund (FAC) — at $13 million.
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Egyptian MNT-Halan secures $120M investment
It has 4 million customers in Egypt, 1 million active users and it became the fastest growing lending service to people who are not served by banks.
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Heya Raeda 2021 to support female entrepreneurship
The Heya Raeda 2021 Program looks to support 300 female entrepreneurs in the early-stage.
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Vodafone Egypt, Microsoft ink MoU
The new platform, Begin, will act as a link between entrepreneurs and SMEs owners to find work and source talent in the Egyptian labor market.
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Egypt digital transformation
As Covid-19 imposes a new normal on world countries, Egypt raised investment allocations for the ICT sector by 300 percent in FY 2021/22.
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Egypt’s ITIDA and Atos sign agreement
With this agreement, Atos and ITIDA aim to accelerate the development of the digital sector in Egypt and create new employment opportunities locally.
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Egypt among 130 countries to reach deal to combat tax evasion
Under that OECD/G20 inclusive framework on BEPS, 139 countries and jurisdictions are implementing 15 Actions to tackle tax avoidance.
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edtech iSchool secures $160K investment
iSchool aims to help students master artificial intelligence (AI) programming, software development, robotics, big data, and multimedia.
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7 facts about DX4SW software initiative
Egypt’s Information Technology Industry Development Agency (ITIDA) launched a new initiative for Software companies in Egypt to go global.
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Almentor closes $6.5 mln Series B
In 2016, Almentor closed a $3.5 million seed round and two years ago raised $4.5 million Series A led by Egypt’s Sawari Ventures.
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EBRD President visits Egypt’s business accelerator, Falak Startups
Egyptian government’s efforts to catalyze digitization, innovation is in line with third pillar of EBRD’s new strategy: Al-Mashat.
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Paymob Closes Series A with $18.5m
Paymob was founded in 2015 by Islam Shawki, Alain El Hajj and Mostafa El-Menessy with a vision to revolutionize payments in Middle East and Africa.
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CABLEXX 2021 Kicks Off 5 April in Cairo
CABLEXX is the most exclusive event dedicated to deploying advanced infrastructure to accelerate digital transformation.
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Egypt Most Advanced In Fixed Broadband Subs
TE invested 12.7 billion Egyptian pounds ($ 790.3 million) in 2019 as a new shift in fixed broadband offerings to improve internet services.
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Egypt launches SMEs Business Bot to support sector amid pandemic
The planning ministry is expected to play a vital role through feeding the platform with various available initiatives.
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Project: Implementing fiber optic networks under 8 contracts
Cairo, Giza, etc.: Implementing the fiber optic networks projects of FTTX type (traditional & air blown fiber method) under 8 location contracts
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TPAY Mobile and Vodafone Egypt launch DCB for Google Play
Vodafone subscribers can make purchases from Google Play and charge the payments to their mobile bill or deduct them from their airtime balance.