Egypt’s New Tax-Free Zones Aim to Boost Tech Startups and Stem the Talent Exodus
Egypt is establishing tax-free zones to support tech startups and retain local entrepreneurs. Startups in the service sector, especially those in software exports and AI, can now set up headquarters in designated free zones.
Orange Egypt’s $52.7M Tech Investment Transforms Youth Innovation
Orange Egypt commits $52.7 million to technology innovation in Africa. Investment coincides with the second phase of 5G licensing in Egypt.
Egyptian Pharma Startup i’SUPPLY Raises Pre-Series A Funding
i’SUPPLY has raised a pre-Series A funding round, bringing its total funding to US$2.5 million. Notable investment funds such as Disruptech Ventures, OneStop Capital, Axian Investment CVC, and Egypt Ventures participated in the funding round.
Glint secures first close of its second venture fund to help Egyptian startups scale
Glint raised $3 million in the first close of its second venture fund with the support of the Wadi Degla Group. The firm aims to empower Egyptian entrepreneurs and startups to create disruptive, tech-based businesses.
