INNOVATION Archives

Egypt Ventures invests around 383m EGP in local startups

Egypt Ventures has invested more than 383 million EGP in more than 197 startups as the government was keen to support innovation. The company is the first VC with full investment by governmental capital and developmental partners. The announcement...

by WAYA staff - Mar 19, 2023

Money

DisrupTech Ventures to invest US$5m in new fintech startups

DisrupTech Ventures has recently announced it will allocate funding estimated at a range from US$4 to US$5m in four new Egyptian fintech...

by WAYA Staff - Jun 1, 2023

Startups

Dubai-based startup Tabby raises debt to US$350m

Dubai’s buy now, pay later firm Tabby has increased its debt facility to $350 million in a financing round led...

by WAYA Staff - Jun 1, 2023

Startups

Morocco-based DataPathology raises US$1m from Azur Innovation Fund

The Morocco-based healthtech startup DataPathology announced it raised US$1 million, led by Azur Innovation Fund. The startup’s mission is to address the lack of...

by WAYA Staff - May 31, 2023

Startups

US-based Manganum raises US$500K in 2nd round of seed funding from Mitgo

US-based Manganum announced that it has raised US$500K in the second round of seed funding from Mitgo, an innovation-focused global...

by WAYA Staff - May 31, 2023

Energy

Egypt’s KarmWater inaugurates Marsa Alam’s first solar-powered water desalination plant

KarmWater, the water solutions division of KarmSolar announced the inauguration of the first solar-powered water desalination plant in Marsa Alam, according to...

by WAYA Staff - May 30, 2023

Money

Saudi Arabia’s First Milling Co plans to raise US$266.4m from IPO

Saudi Arabia’s First Milling Company said that it planned to offer 30 percent of its share capital in an initial...

by WAYA Staff - May 30, 2023

Money

Dana Gas gets approval to increase foreign ownership in its shares to 100%

UAE-based energy firm Dana Gas has received regulatory approval to increase foreign ownership in its shares up to 100%, according...

by WAYA Staff - May 30, 2023

Startups

Morocco’s PrestaFreedom raises US$1.1m from Azur Innovation Fund

Morocco-based PrestaFreedom, a home services marketplace, announced it has secured US$1.1 million led by Morocco’s Azur Innovation Fund. PrestaFreedom plans to invest the fund in its...

by WAYA Staff - May 29, 2023

Startups

Egypt’s CardoO launches its first IoT-enabled smartwatch

The Egyptian startup CardoO, specialized in Internet of Things (IoT) devices, announced the launch of its first IoT-Enabled Smartwatch after it raised a...

by WAYA Staff - May 29, 2023

Markets

Two Chinese companies to build US$300m iron complex in SCZone

Egypt’s Suez Canal Economic Zone (SCZone) got an offer from two Chinese companies to build a US$300 million steel complex, according to...

by WAYA Staff - May 28, 2023

INNOVATION

Egypt Ventures invests around 383m EGP in local startups

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