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Egypt 🇪🇬

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Kashier and Flend partner to provide smart finance solutions for Egyptian SMEs. 
The collaboration integrates Flend’s financing into Kashier’s platform, easing access to capital. 
Kashier’s Mohamed Hossam sees this as empowering businesses with essential financial tools. 
Flend CEO Ahmed Zaki describes it as a fast, flexible financing approach without complex processes. 
The partnership aims to enhance Egypt’s digital financial ecosystem for startups and SMEs.

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Fawry partners with Banque Misr to introduce Apple Pay in Egypt, enhancing digital payments. 
Apple Pay enables secure transactions using iPhones and Apple Watches with Face ID or Touch ID. 
Customers can make online purchases through Safari, eliminating the need to repeatedly enter details. 
Apple&#8217;s secure system keeps card numbers off servers, using unique, encrypted account numbers instead. 
Fawry aims to boost trust in fintech, paving the way for broader cashless adoption across Egypt.

Al Ahram Beverages and Orange Corners Egypt support young entrepreneurs through mentorship and collaboration. 
Orange Corners is a Netherlands-backed initiative empowering Egyptian startups with local government support. 
The partnership has already helped over 250 entrepreneurs and launched numerous successful businesses. 
Al Ahram Beverages prioritises local raw materials and sustainable production, boosting the local economy. 
This collaboration aligns with Egypt&#8217;s Vision 2030, fostering innovation and economic growth.

MidLyr, an Egyptian-led fintech, secured USD 2,5 million in pre-seed funding. 
Co-founders Wael Elsahhar and Ruochen Ren aim to modernise banks&#8217; risk and compliance systems. 
Their AI infrastructure platform seeks to automate banking processes while maintaining compliance. 
MidLyr plans to expand in Egypt and the Middle East, hiring engineers and compliance experts. 
Success could transform traditional financial operations throughout the region.

Telda introduces Apple Pay in Egypt, enhancing digital payments for tech-savvy users. 
Users enjoy easier payments with iPhones or Apple Watches, boosting security with each transaction. 
Apple Pay simplifies online shopping, reducing abandoned carts and benefiting small businesses. 
Apple ensures privacy by encrypting card data, encouraging more Egyptians to adopt contactless payments. 
Telda&#8217;s integration of global tech standards could push Egypt into the tap-to-pay mainstream.

Somabay has partnered with EDECS to expand its Marina on the Red Sea coast. 
The project will increase berthing space by 72,000 cubic metres for around 260 yachts. 
Somabay aims to create a world-class, sustainable destination while preserving the Red Sea’s charm. 
EDECS brings over thirty years of expertise, ensuring high standards for the marina upgrade. 
This development aligns with Egypt’s broader ambitions to boost tourism and investment confidence.

Belda partners with Al Diwan to enhance community living with digital services integration. 
Al Diwan residents will access Belda’s services directly through an app, simplifying maintenance needs. 
The partnership promotes a seamless, convenient lifestyle with continuous home and office care options. 
Belda stands out by focusing on trust and professionalism, turning services into long-term relationships. 
JTS Holding supports digital transformation in Egypt, simplifying daily life through technological innovations.

Namaa Flavors &amp; Fragrances plans to invest EGP 250 million in modernising its facility. 
The expansion aims to increase production by 40% and uses advanced aroma isolation technology. 
Namaa focuses on sustainable growth, utilising internal resources rather than external loans. 
The company prioritises environmental responsibility and plans to expand exports globally. 
Egypt&#8217;s first aroma isolation unit signals significant industrial progress and opportunity.

Karm has launched KarmCyprus, planning a 7,6-megawatt solar power plant in southern Cyprus. 
The project secured €15 million from Eurobank, Karm, and various backers for development. 
Karm aims to replicate its vertically integrated model in Cyprus, focusing on renewable energy. 
With EU targets for renewable energy, KarmCyprus promises consumer access to cheaper, clean energy. 
This venture highlights Cyprus as a strategic link between North Africa and Europe for energy.

DHL Express advances sustainability in Egypt, supporting Vision 2030 with eco-friendly logistics. 
Half of the local fleet now uses more fuel-efficient vehicles, significantly cutting carbon emissions. 
Recycled packaging and GoGreen Plus help customers offset emissions via Sustainable Aviation Fuel. 
&#8220;Waraet Amal&#8221; project recycles paper, funding charitable causes and fostering employee pride. 
Globally, DHL aims for carbon neutrality by 2050, leading the sustainability shift in logistics.

Banknbox Egypt is expanding its digital offerings, focusing on SoftPOS solutions for mobile payments. 
This expansion supports creating a fully integrated ecosystem for banks and payment providers. 
The company has achieved global mPOC certification and introduced the innovative TTOD service. 
CEO Basem Mahmoud aims to support Egypt&#8217;s banking sector and boost financial inclusion. 
Banknbox plans to use its Egypt HQ as a hub to export services across MENA regions.

Seqoon unveils &#8220;Sai Speaks: AI Goes Arabic&#8221; to revolutionise regional business through AI. 
The event showcases Sai, an enterprise AI platform, prioritising nuanced interactions in Arabic. 
Prominent MENA tech figures will discuss AI&#8217;s impact on strategy and customer experience. 
Immersive demos promise tangible AI experiences, blending technology with Arabic culture. 
Seqoon aims to make AI more inclusive by focusing on local languages and contexts.

Brussels hosted the EU–Egypt Summit focusing on innovation and digital transformation. 
Mounir Nakhla highlighted MNT-Halan&#8217;s role in Egypt&#8217;s fintech revolution and financial inclusion. 
Top industry leaders explored Egypt–Europe cooperation in research, sustainable industries, and digital innovation. 
MNT-Halan&#8217;s success attracts global investors, spotlighting Egypt&#8217;s growing startup ecosystem. 
The summit aimed to build sustainable industrial value chains and drive shared economic prosperity.

Changelabs and Raya FutureTECH have launched a corporate accelerator programme in Egypt. 
The programme covers all aspects of innovation, aiming to integrate corporates with startup creativity. 
The Raya FutureTECH Investment Readiness Program prepares Egyptian founders for venture capital opportunities. 
Through this programme, startups like ForWheelz and Tayar tackle sustainability and digital transformation. 
This partnership could bridge the gap between corporates and startups, fostering impactful collaboration.

BasharSoft acquired iCareer and Recruitera, a major move in Egypt&#8217;s JobTech scene. 
The merger aims to expand BasharSoft&#8217;s reach across the Middle East and Africa. 
BasharSoft has connected 9 million job seekers and aims for 100 million by 2030. 
iCareer brings workforce development expertise, partnering with global companies and universities. 
Recruitera will enhance Wuzzuf and Forasna, streamlining the hiring process and analytics.

Wujood Developments plans to invest EGP 15,5 billion in Egypt&#8217;s real estate over two years. 
The company is formed by experienced developers with a strong track record of successful projects. 
They aim to support Egypt’s urban expansion, reflecting housing demand and economic growth. 
Wujood intends to launch upscale residential projects in New Cairo, expanding to New Heliopolis by 2026. 
If successful, Wujood could significantly impact Egypt’s real estate landscape by 2026.

Money Fellows has reshaped Egyptian saving habits by digitising traditional rotating savings groups, attracting over 8 million users. 
Their platform allows users to join digital savings circles with zero service fees, building trust and accessibility. 
The company serves 350,000 active monthly users, issued 50,000 prepaid cards, and forged 328 partnerships nationwide. 
Founder Ahmed Wadi believes in blending cultural familiarity with modern technology for community empowerment. 
Money Fellows aims to support Egypt&#8217;s digital transformation, though competition with larger finance players may increase.

SehaTech, an Egyptian InsurTech startup, raised $1,1 million, total investment reaching $2 million. 
The funding round was led by Ingressive Capital, with other notable investors participating. 
Funds will streamline and automate health insurance services, enhancing efficiency and access to care. 
SehaTech uses AI and rule-based engines to reduce errors and increase transparency in insurance. 
The company plans to expand its team, enhance AI tools, and explore markets beyond Egypt.

e&amp; Egypt partners with Bosta to create a leading fintech and logistics ecosystem. 
The collaboration enhances operations via tailored financial technology tools and improved logistics execution. 
Both companies aim for long-term integration aligned with Egypt&#8217;s Vision 2030 digital goals. 
This partnership reflects Egypt&#8217;s rapid fintech growth and the need for seamless operations. 
Their success may influence the broader MENA startup scene, merging digital ambition with delivery efficiency.

Nanovate, an AI startup in Cairo, secured USD 2 million in pre-seed funding. 
The company aims to develop AI products that understand all 22 Arabic dialects. 
Their proprietary language models allow businesses to create Arabic AI assistants. 
Nanovate is focusing on expansion in Saudi Arabia and the UAE with its new funds. 
They aim to turn Arabic linguistic diversity into a competitive tech innovation advantage.

e&amp; money and Contact Financial Holding unveil a strategic partnership during GITEX Dubai. 
The collaboration integrates Contact’s financing with e&amp; apps for seamless loan applications and approvals. 
AI-powered models and analytics aim to transform credit approval times from days to seconds. 
CEOs highlight it as a pioneering step toward Egypt&#8217;s digital economy and financial inclusion. 
The deal promises practical solutions and accelerates Egypt’s digital transformation drive.