Brian Cook

88 South Terrace

12524 Fishkill

United States

Egypt leads African startup landscape with $329M raised in 2024

Egyptian startups raised $329 million through 78 funding rounds, reflecting a 21 percent year-over-year decline.

50 percent of the outstanding dues will be disbursed in cash over four fiscal years, starting this year, with annual payments of EGP 8 billion.

In July 2024, Minister of Petroleum and Mineral Resources Karim Badawi visited Volaris DS12 to oversee the drilling activities

Egypt has become the second country on the continent, after Nigeria, with the highest number of applicants for this award.

The ministry underlined that merely 0.3 percent of grants got rejected, mostly because of not submitting the necessary documents.

Events

boot Düsseldorf 18.01.2025

Agri Expo 20.01.2025

FRUIT LOGISTICA Berlin 05.02.2025

Cairo Fashion & Tex 13.02.2025

EGYPES 17.02.2025

STITCH & TEX 20.02.2025

Download the free 180 pages report