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Endeavor Egypt Welcomes Dalia Ibrahim to the Board of Directors
Endeavor Egypt welcomes renowned publishing, education entrepreneur, and expert Dalia Ibrahim to its Board of Directors.
Dalia Ibrahim is the Chief Executive Officer (CEO) of Nahdet Misr Publishing House, an affiliate of Nahdet Misr Publishing Group, the pioneering education and publishing group that over the course of the past 80+ years has evolved into a regional icon of knowledge and globally-recognized provider of cultural development to all peoples of the Arab region, operating through six different entities.
Dalia is also the Founder and CEO of EdVentures, the MENA region’s first corporate venture capital (CVC) specializing in education, culture, and innovative learning solutions.
She is the recipient of the prestigious Arab League’s award: the Arab Women and Social Responsibility Award for the year 2020 to recognize her 25+ year legacy of professional successes coupled with a deep social responsibility.
Under the Chairmanship of Ayman Ismail, Partner and Chairman of the Board of DMG, Dalia joins Ahmed Mekky, Chairman and CEO of Benya, Amir Barsoum, Founder and CEO of Vezeeta, and Mohamed Azab, CEO of Seha Healthcare in playing an instrumental role in advancing Endeavor’s mission and promoting sustainable economic growth in Egypt through supporting high-impact entrepreneurship.
Dalia joins Endeavor after embarking on an exciting intrapreneurial journey.
She started her career back in 1994 as a Publishing Executive at Nahdet Misr Publishing House. It wasn’t long before she realized the importance of expanding the group’s offerings and the need to introduce new integrated services and tech-driven solutions that further support education and learning in Egypt and the Arab world.
She went on to establish Nahdet Misr for Digital Solutions and Nahdet Misr Advertising in 1998.
Dalia also established Nahdet Misr Periodicals in 2004, which publishes Arabic versions of the globally acclaimed entertainment magazines such as Disney and The National Geographic.
In 2009, she contributed to the launch of Nahdet Misr Trading and Distribution.
As a big champion of innovation and a believer in Egypt’s future entrepreneurs’ role in catalyzing economic growth, Dalia found EdVentures driven by a strong sense of commitment to enabling impact-driven innovation disruption in the education and learning spaces.
Dalia also serves on Injaz Egypt and FEPS Incubator boards and actively mentors and advises countless budding entrepreneurs across Egypt’s ecosystem.
As an organization that is of, by, and for entrepreneurs, Endeavor Board Members are Egyptian entrepreneurs and entrepreneurship champions who share a common commitment to help create the next generation of entrepreneurial success stories and, through their strategic guidance and engagement, build a thriving ecosystem that will continue to generate innovation, wealth, and employment.
Endeavor Egypt supports 54 high-impact entrepreneurs leading 34 companies that have collectively generated over EGP 5.4 billion in revenues and created more than 11 thousand jobs.
Lendo, a Saudi Arabia-based Shariah-compliant crowdlending marketplace, has signed a Memorandum of Understanding (MOU) today with J.P. Morgan to improve access to financing for small and medium-sized enterprises (SMEs) across the country.
The MOU was signed during 24 Fintech, a premier fintech event that brings together industry leaders, innovators, and investors in Riyadh.
J.P. Morgan and Lendo are working together on potential opportunities to support the SME sector in Saudi Arabia in growing and sustaining the remarkable demand in this market.
“This strategic collaboration with J.P. Morgan, a pioneer in the financial industry, marks a significant milestone for Lendo,” said Osama Alraee, CEO and co-founder of Lendo. “By combining our strengths, we’ll deliver cutting-edge financial solutions to SMEs, supporting their growth and contributing directly to the realization of Saudi Arabia’s Vision 2030.”
The SME financing landscape in MENA presents a substantial market opportunity as limited financial access continues to restrict the growth of the region’s businesses, with commercial banks hesitant to issue loans to SMEs at scale, resulting in a high percentage of declined financing requests annually.
The total SME financing gap in developing countries is estimated to be approximately $5.2 trillion, according to the International Finance Corporation (IFC).
Lendo’s debt crowdfunding platform aims to bridge the financing gap for SMEs, aligning with Saudi Vision 2030’s goal to significantly expand SME lending from 4% in 2018 to 20% by 2030.
According to the latest available report from the Saudi Central Bank (SAMA), the total value of debt crowdfunding in Saudi Arabia surged from SAR 1.4 million in 2019 to SAR 771 million in 2022, marking a remarkable growth.
Lendo raised SAR 132 million ($35.2 million) in total funding from leading investors, including the most recent Series B led by Sanabil Investments, a wholly-owned company by the Public Investment Fund (PIF).
Since its inception in December 2019, Saudi fintech Lendo has processed over 5,000 financing transactions on its platform, providing over SAR 2 billion ($600 million) in financing to SMEs and generating SAR 280 million ($74 million) in returns for investors.
TA Telecom, a prominent player in the Middle East’s tech sector, has unveiled AnteThink, an AI-driven tool designed to enhance decision-making processes for individuals and businesses alike.
With a history of influencing the tech landscape through various initiatives, including advanced mobile solutions, high-volume payment platforms, and ventures in e-commerce, fintech, and analytics, TA Telecom has carved a niche for itself. Serving a vast user base of 40 million and processing an impressive 15 billion transactions across its platforms, TA Telecom has cemented its position as a tech industry leader, with some of its ventures achieving the status of Y Combinator companies.
Established in 2000, TA Telecom has emerged as a prominent player in the technology sector. With over 40 million users and processing 15 billion transactions annually, TA Telecom has made a notable impact. Recognized for its contributions by the Financial Times and featured on Deloitte’s list of fastest-growing tech companies in EMEA, TA Telecom is known for its adaptability and forward-thinking approach in the ever-evolving global tech landscape.
Sameh Ibrahim, CEO of TA Telecom, highlights the potential of AnteThink: “AnteThink reflects our commitment to leverage technology for practical impact. It aims to provide clarity and confidence in decision-making, whether in the professional or personal sphere. AnteThink is a tool that can empower startup founders, executives, and individuals to make more informed choices, alleviating the stress and uncertainty often associated with critical decision-making.”
Mostafa Ashour, CEO of Y Combinator-backed startup NowPay, shared his perspective on AnteThink: “AnteThink transformed our strategic planning, allowing us to explore various scenarios and prepare for different outcomes. It has strengthened our decision-making process, helping us navigate the complexities of the business landscape.”
AnteThink embodies TA Telecom’s commitment to innovation, focusing on supporting the startup ecosystem. The tool is tailored to help leaders and executives navigate the complexities of business management and strategic development by providing a clear picture of potential outcomes.
Key Features of AnteThink include:
1. Second Order Mode: Offering a comprehensive analysis of broader impacts, fostering a strategic mindset for long-term success.
2. Optionality Mode: Enabling detailed evaluation and comparison of different choices to ensure decisions align with strategic objectives and values.
3. Inversion Mode: Focusing on identifying and mitigating potential risks, thereby strengthening risk management strategies.
Credit: Antethink
AnteThink’s advanced AI technology aims to assist decision-makers with insightful analytics, offering guidance through the decision-making process.
Selina Bieber, the Senior Director of Global Markets at GoDaddy, has predicted a significant increase in Egypt’s e-commerce revenue. By 2028, it could reach $9.88 billion.
Godaddy is forming strategic partnerships and launching initiatives to help local entrepreneurs. These efforts align with Egypt’s digital transformation goals and its Vision 2030.
In an interview with the Arabic financial news “Amwal Al Ghad,” Bieber spoke about GoDaddy’s plans and how they match Egypt’s 2023 strategy. She highlighted the company’s aim to provide effective, easy-to-use digital tools and services. By 2024, GoDaddy wants to serve more customers in Egypt by making its digital tools more widespread.
The company is working closely with the Egyptian government, especially the Ministry of Planning. They are offering training programs to improve the digital skills of startups and existing businesses. GoDaddy’s services in Egypt include domain registration, web hosting, e-commerce solutions, and digital marketing tools.
Recent surveys support Bieber’s positive outlook for e-commerce in Egypt. They show a clear trend towards digital strategies among small businesses. Many are realizing the importance of having an online presence for their growth and success.
As GoDaddy continues its partnerships and supports government digital initiatives, its influence on Egypt’s digital landscape is growing. The company is committed to sustainability and reducing its carbon footprint. It aims not just for business growth but also to contribute to a sustainable and thriving digital economy in Egypt.
The 2028 projection indicates a vast potential for e-commerce, with GoDaddy playing a key role in this digital evolution.
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