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New administrative Megacity rises-up in Egypt's desert

New administrative Megacity rises-up in Egypt’s desert

The New Administrative Capital's project phase one has been accomplished, planning to be centered on a new administrative megacity that aims to modernize the seat of government for a country of 103 million people in...
Saudi FinTech, InsurTech Rasan Secures $24M

Saudi FinTech, InsurTech Rasan Secures $24M

Saudi FinTech and InsurTech startup Rasan has secured $24M in its latest funding round led by Impact 46, a Saudi asset manager and advisor. This funding round accelerated growth in the InsurTech domain in the...
UAE-based financial literacy platform Verity secures $800K

UAE-based financial literacy platform Verity secures $800K

UAE-based financial literacy platform Verity has secured $800,000 in pre-seed round. Gearing for the launch of its family banking and financial literacy app in the Middle East. VentureSouq, Wamda, and Beyond Capital led the round....
Egyptian E-grocery Rabbit Raises $11M in Pre-Seed

Egyptian E-grocery Rabbit Raises $11M in Pre-Seed

The Egyptian E-grocery platform Rabbit has successfully secured $11M in its Pre-Seed round. The deal was led by Global Founders Capital, Foundation Ventures, Raed Ventures, MSA Capital, and Goodwater Capital. Rabbit is an on-demand quick...
Carrefour Signs A Partnership with Meta

Carrefour Signs A Partnership with Meta

Carrefour has launched a partnership with Meta; to support the group's digital transformation, and provide more personalized experiences for customers and 320,000 employees. The initiative will be rolled out across the group's nine integrated countries (France,...
Jordanian Startup Eon Dental Raises $26M in Series B

Jordanian Startup Eon Dental Raises $26M in Series B

Jordanian dental tech startup Eon Dental has successfully secured $26M in its Series B funding round. The round was led by a large international MedTech fund along with Arab Palestinian Investment Company, otf Jasoor...
Vodacom buys 55% stake in Vodafone Egypt

Vodacom buys 55% stake in Vodafone Egypt

South Africa's Vodacom Group Limited has agreed to buy 55% stake in Vodafone Egypt. The deal captures growth in a fast-growing information communications and technology market. Vodacom operates in 7 countries including South Africa, Tanzania,...
CoinMENA Raises $9.5M Seed Fund

CoinMENA Raises $9.5M Seed Fund

Bahrain-based CoinMENA has raised $9.5M in its first seed funding round led by BECO Capital, Kenetic, Arab Bank Switzerland, Bunat Ventures, Alameda Research, Rua Growth Fund, and Girnas Capital. In addition to a number of...
Dubai-based Short Stay Vacation Homes Raises $1.9M

Dubai-based Short Stay Vacation Homes Raises $1.9M

Dubai-based Real Estate startup and private property manager Short Stay Vacation Homes (Short Stay) has successfully raised $1.96M in its latest funding round led by Africa-based SK Group. Founded in 2017, Short Stay Vacation Homes manages privately-owned...
Vodafone renews its relationship with Workplace from Facebook

Vodafone renews its relationship with Facebook’s Workplace

Workplace by Facebook will continue to help Vodafone bridge the distance between 90,000+ employees over the next 3 years. Thanks to its 2019 adoption of Facebook's Workplace, Vodafone maintained a sense of connection and engagement...

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