Tech equity deals in Egypt saw an incredible jump of 83 percent, closing the year with 86 deals worth $269 million
Egypt ranks first on Africa’s top countries by equity deals for tech startups in 2020, according to a recent infographic by the Egyptian cabinet’s Information and Decision Support Center (IDSC).
Egypt is followed by South Africa, Nigeria and Kenya.
Tech equity deals in Egypt saw an incredible jump of 83 percent, closing the year with 86 deals worth $269 million.
Egypt also acquired 28 percent of the investments directed to Africa’s FinTech sector, at about $21.8 million, as well as 50 percent of investments in logistics, mobility and educational technology.
The report only includes deals worth of more than $200,000 in African startups, excluding grants, prizes, loans, conventional debt, venture debt, non-equity/technical assistance, post-IPO, merger and acquisition deals.
