A $225 million venture financing platform has been developed by the International Finance Corporation (IFC) to support early-stage businesses in Africa, the Middle East, Central Asia, and Pakistan. In order to “develop them into scalable companies that can attract mainstream equity and debt finance,” the IFC, a member of the World Bank, will invest in…
IFC, a World Bank Group member, will invest $15 million in Algebra Ventures’ second fund, which will support the growth of approximately 20 technology startups in Egypt and across Africa. Algebra Ventures II, with a target size of $90 million, will focus on women-led businesses and those serving rural communities, and will provide access to…
By 2024, the Egyptian social e-commerce market will be worth more than $14.8 billion. The market opportunity can be attributed to the increase in online social sellers in the country, with over 1.25 million of them assisting lesser-known brands in selling and distributing their goods through various networks. Brimore, a market leader in the country…