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egyptian startups

ITIDA’s digital innovation hubs have trained 11k of local talent | ITIDA CEO

CEO of the Information Technology Industry Development Agency (ITIDA), Eng. Ahmed Elzaher, participated in the ninth edition of Techne Summit 2023, highlighting the agency’s commitment and initiatives dedicated to supporting Egypt’s young startups

GAFI studying possible “Silver Licenses” for startups

While Heiba did not disclose further details, the GAFI CEO stated that the authority will submit the silver licenses’ details to Egypt’s Cabinet of Ministers within the upcoming 2 months

Beltone Venture Capital acquires 20% of ariika in a Series A funding round

Ariika announced that it will use the fund raised to expand its regional presence across the MENA region starting with Saudi Arabia.

Egyptian startup and VC companies are leaders in funding within MEAPT region | MAGNiTT

Africa accounted for 51% of total MEAPT funding, and 26% of the region’s deals, however, funding and deals fell by 54% and 50% year-on-year respectively, the report wrote

ITIDA launches new program to upskill local accelerators and incubators

The Information Technology Industry Development Agency (ITIDA) and venture capital company 500 Global have launched a new boot camp centered on upskilling accelerators and incubators in Egypt