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Egypt 🇪🇬

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Rapid delivery services like q-commerce are gaining traction beyond a mere novelty. 
Egyptian startup, Rabbit, secures investment to expand its 20-minute delivery service into Saudi Arabia. 
The funding will support Rabbit’s entry into Riyadh and Jeddah with strategic micro-fulfilment centres. 
CEO Yousry highlights Saudi Arabia&#8217;s appetite for quick, reliable delivery as driving their expansion. 
This move aligns with a regional trend of Egyptian startups pursuing growth throughout MENA.

Bekia is digitising recycling in Cairo, swapping waste for rewards since 2017. 
Founded by Alaa Afifi, it offers exchanges of waste for perks via app or website. 
The platform empowers women to manage waste effectively, engaging over 75,000 users. 
Bekia has raised $580,000 to extend services to underserved areas and promote recycling. 
By partnering with schools and agencies, Bekia aims to boost sustainable practices across Egypt.

Egypt and Microsoft signed an MoU to advance Egypt&#8217;s AI Strategy from 2025 to 2030. 
The initiative aims to train 100,000 professionals in AI skills for a resilient economy. 
Key areas include modern infrastructure, data governance, and improved regulatory frameworks. 
This collaboration aligns with ethical global standards and supports responsible AI development. 
The initiative is expected to inspire similar technological ventures across Africa.

The fintech sector secured over $1 billion in funding during Q1 2025 in the MENA region.
Total startup investments reached $1,5 billion, according to a report by Wamda.
Sectors like insurtech and e-commerce attracted less funding, while interest in SaaS declined for the second consecutive month.
Investors are favoring practical tech solutions that directly impact consumers’ daily lives.
The data indicates a clear shift in investment trends, with increased competition expected in fintech and proptech sectors.

The Aurora Tech Awards 2025 celebrated innovative women-led startups in Cairo. 
Over 2,000 teams applied from 116 countries, narrowing down to ten finalists. 
Founders pitched to investors, offering cash prizes and vital networking opportunities. 
Local support grew as inDrive partnered with Entlaq for nurturing startups. 
Top prize went to Nigeria&#8217;s Solape Akinpelu for HerVest, promoting financial inclusion for women.

Qatar will invest $7,5 billion in Egypt, highlighting stronger bilateral economic ties. 
Leaders emphasised enhancing cooperation and integration to achieve mutual economic goals. 
They jointly expressed support for Palestine and called for a ceasefire in Gaza. 
Support for peaceful resolutions in regional conflicts was reaffirmed by both countries. 
Qatar backed Egypt&#8217;s culture by endorsing Dr Khaled El Enany for UNESCO.

Fekretak Sherketak&#8217;s Fast Track initiative helps Egyptian entrepreneurs streamline startup processes. 
Licensing authorities are integrated into the platform, reducing the usual startup stress and paperwork. 
The centre offers advisory services, mentoring, legal advice, and co-working spaces for new businesses. 
This initiative supports startups in overcoming bureaucratic challenges common in Egypt. 
Fast Track aims to transform business ideas into thriving enterprises, enhancing Egypt&#8217;s economy.

At the &#8216;She Can&#8217; conference, Dr Rania Al-Mashat highlighted initiatives to empower Egyptian women entrepreneurs. 
Significant investments in women&#8217;s education, healthcare, and employment are expected to reach 300 billion pounds. 
&#8216;She Trades Egypt&#8217; and &#8216;She Leads&#8217; projects aim to enhance market access for female entrepreneurs. 
The &#8216;Gender Gap Accelerator&#8217; project seeks to reduce economic inequalities between men and women. 
Online &#8216;Hafiz&#8217; platform connects private sector and startups with international funding and mentorship.

Orange Egypt launches its 15th annual Orange Social Venture Prize competition. 
Entrepreneurs can win up to €70,000 for socially impactful projects. 
Applications are open until 18 May 2025 on the official platform. 
Women&#8217;s initiatives get a special €20,000 prize to highlight their contributions. 
Orange emphasises innovation&#8217;s role in addressing societal challenges effectively.

e&amp; Egypt launches a new service for instant cross-border money transfers via e&amp; Cash app. 
Initially connecting Egypt with Saudi Arabia and UAE, expansion to more countries is expected soon. 
The service eliminates the traditional hassles of money transfers, offering immediate mobile cash access. 
Egypt&#8217;s fintech landscape is rapidly growing, with mobile wallets rising and fintech startups booming. 
This reflects Egypt&#8217;s quick adaptation to global trends for secure and easy financial access.

Intro Group acquires a stake in ADVEC, focusing on energy and AI technologies. 
This move aligns with Egypt&#8217;s sustainability goals and Vision 2030. 
Collaboration aims to enhance energy efficiency through AI and digital solutions. 
ADVEC&#8217;s expansion will target Gulf nations and Africa, improving regional energy security. 
The acquisition promises advanced infrastructure services to modernise government&#8217;s and industries&#8217; operations.

Fast-growing Egyptian startup Rabbit expands into Saudi Arabia, opening a new HQ in Riyadh. 
Rabbit aims to deliver 20 million items in Saudi Arabia by 2026, focusing on q-commerce. 
This move aligns with Saudi Vision 2030, driving digital transformation and inviting innovation. 
Rabbit&#8217;s strategy includes creating a localised brand, leveraging tech expertise and local partnerships. 
Their sustainable growth model and strong local supplier network bolster their ambitious expansion plans.

UAE-based Maseera Holding has acquired Egypt’s fintech platform ADVA, expanding into North Africa. 
ADVA will focus on Egypt’s consumer finance, easing credit access for underserved communities. 
Both firms aim to use AI and data analytics for tailored financial solutions. 
ADVA seeks Egypt&#8217;s first digital consumer financing licence, advancing financial inclusion and digital transformation. 
Maseera&#8217;s expansion supports Egypt’s fintech growth, aligning with national priorities.

Tech startup Stakpak secures $500,000 in funding, led by P1 Ventures. 
Investment boosts plans for US market expansion, strengthening teams in the US and Egypt. 
Stakpak’s AI-driven IDE promises to streamline software infrastructure development. 
Clients experience up to a fivefold improvement in project delivery times. 
Stakpak rides the wave of AI innovation excitement, aiming for substantial market impact.

The &#8220;Shaping Egypt AI Horizon&#8221; forum highlighted Egypt&#8217;s National AI Strategy running from 2025 to 2030. 
Minister Dr Amr Talaat emphasised collaboration between government, private businesses, and startups for AI growth. 
ITIDA is connecting startups, government, and investors to enhance Egypt’s tech scene. 
500 Global is boosting AI integration in startups to drive innovation. 
Egypt aims to train 30,000 AI specialists and increase public AI adoption by 36%.

Lobna Helal is the first woman to chair Telecom Egypt, marking a historic milestone. 
Helal&#8217;s extensive background includes deputy governor at Egypt&#8217;s Central Bank, showcasing her expertise. 
She aims to continue Telecom Egypt&#8217;s sustainable growth and build on Dr Osman&#8217;s strong foundation. 
Mohamed Nasr begins his second term as managing director and CEO, focusing on digital innovation. 
This leadership change promises significant advancements for Telecom Egypt and Egypt&#8217;s digital landscape.

Egyptian startup InfiniLink raised $10 million to enhance its optical connectivity chips for AI data centres. 
Contributors include MediaTek, Sukna Ventures, Egypt Ventures, and M Empire Angels. 
InfiniLink&#8217;s iOTC chips aim to improve speed without increasing power consumption in data centres. 
The technology promises faster AI-driven centres that use less energy, benefiting both users and the environment. 
Funding will advance their mixed-signal analogue and photonics tech, boosting efficiency.

Orascom Construction plans to reduce Egyptian projects to a third by 2026. 
The focus shifts to international projects, seeking foreign currency-backed and economically stable opportunities. 
Delayed payments from Egyptian authorities are improving but remain a challenge. 
Domestic construction challenges prompt a shift, with international ventures in UAE and Saudi Arabia. 
Orascom aims for stability and growth by diversifying in Middle Eastern markets.

The Egyptian Arab Land Bank plans to exit Jordan, selling its 16 branches there. 
Central banks of Jordan and Egypt approved the sale, spurring local banks&#8217; interest. 
Regulatory hurdles, not profitability, drive the decision, needing 20 million dinar capital increase. 
Stringent capital requirements in Jordan challenge the bank’s continued operation. 
The development highlights the pressure on smaller banks from tight regulations globally.