Raya Data Center, a subsidiary of Raya Information Technology under Raya Holding for Financial Investments, has announced its participation in the Future of Digital Countries (FDC) Summit, held at the Egypt International Exhibitions Center from April 28 to 30, 2025 under the patronage and in the esteemed presence of His Excellency, the Minister of Communications and Information Technology, Mr. Amr Talaat. Joining forces with Raya Network Services, this collaboration emphasizes the company’s dedication to advancing digital transformation and fortifying technological infrastructure in Egypt and beyond. FDC Summit 2025 The FDC Summit 2025, themed “Innovation for a Sustainable Digital Future,” offers…
Author: Mohamed Fathy
Brite, a Cairo-based SaaS company, has officially launched its AI-powered HR Business solution, designed to help organizations streamline operations, optimize performance, and put people first. The Future Of Work As MENA’s first and leading People Empowerment Platform, Brite enables the people behind the business and their teams to perform at their best. It provides the tools to simplify HR and business management while translating performance data into actionable insights. Suliman Alqhtani, Brite CEO, said “At Brite, we’re not just building tools—we’re shaping the future of work. We envision a world where every individual feels empowered, aligned, and inspired to reach…
Fifteen promising Egyptian tech startups unveiled their breakthrough innovations during the launch of the first edition of Invest-IT, a nationwide program led by the Technology Innovation and Entrepreneurship Center (TIEC)—an affiliate of the Information Technology Industry Development Agency (ITIDA)—in collaboration with Flat6Labs, the MENA region’s leading seed and early-stage venture capital firm. Designed to enhance investment readiness for tech startups in the Seed and Pre-Series A stages, Invest-IT targets emerging entrepreneurs across various Egyptian governorates, aiming to help them secure funding, expand operations, and drive sustainable economic growth through innovation. The launch event brought together key stakeholders in Egypt’s tech…
EdVentures, the EdTech-focused corporate venture capital arm of Nahdet Misr, continues to enhance Egypt’s education and employment landscape through its flagship EdTech Venture Studio (EDVS) program, in collaboration with the Challenge Fund for Youth Employment (CFYE). Launched to address systemic challenges in education, youth unemployment, and skills mismatch, EDVS provides high-potential EdTech scale-ups with curated bootcamps, strategic investment, and customized growth support through its dynamic Venture Studio model. The program is designed to accelerate innovation, promote gender inclusion, and create meaningful employment opportunities in Egypt’s rapidly evolving digital learning ecosystem. New Strategic Partnerships Driving Social and Economic Impact In its…
The Ghana Venture Capital & Private Equity Association (GVCA) is proud to announce the upcoming “GVCA 2025 Conference,” which will take place on April 24-25, 2025, at the Kempinski Hotel Gold Coast City in Accra. The Conference’s theme is “Catalysts for Economic Growth: Domestic Capital Mobilization in an Evolving Investment Landscape” and is expected to attract over 300 institutional investment stakeholders from across Africa. In line with the Association’s mission to promote entrepreneurial success in the real economy and stimulate private sector development financing, the Conference will bring together venture and private equity industry leaders to shape a future driven…
TruBuild, a Saudi-based construction technology startup co-founded by Bisrat Degefa (CEO) and Dr. Sari Sabban (CTO), has raised $1 million in Seed funding to transform how construction projects are delivered, with a focus on eliminating cost overruns, delays, and misalignment in large-scale developments. The round was led by Wa’ed Ventures, the $500 million VC arm of Saudi Aramco, and Dar Ventures, the venture capital arm of Dar. Additional participants included Plug & Play Ventures, OQAL, Taz Investment, and notable angel investors such as Simon Moon, former CEO of Atkins Middle East. TruBuild previously received early backing from Antler MENAP during…
Seesaw, the leading global PreK-12 learning experience company, has announced its acquisition of Little Thinking Minds, a MENA based female founded leading edtech specializing in Arabic literacy solutions. Trusted by over 25 million educators, students, and families worldwide, this strategic partnership positions Seesaw to expand its already significant footprint in the MENA region, strengthening its offerings with comprehensive, culturally relevant educational content and literacy tools in both Arabic and English. AI-driven learning Seesaw offers a suite of award-winning interactive and AI-driven learning tools and digital curriculum products designed to enhance student engagement, facilitate real-time assessments, and strengthen school-home communication. With…
Raya Holding for Financial Investments, a leading Egyptian investment company operating across diverse high-potential sectors, announced its consolidated and standalone financial results for the fiscal year ended December 31, 2024. The results reflect the group’s strongest financial performance to date, marking a year of exceptional profitability, strategic growth, and a milestone 25th anniversary. Raya Holding reported a 44.2% year-on-year increase in consolidated revenues, reaching EGP 45.1 billion for FY 2024. This was supported by a diversified portfolio and resilient operating model across 11 subsidiaries and 7 countries. Gross profit increased by 48% YoY to reach EGP 9.4 billion, with a…
Orange Egypt has announced the opening of applications for the 15th edition of the Orange Social Venture Prize (OSVP) in 2025. The competition, with a total prize fund of €70,000, recognizes enterprises and startups that use technical innovation to find novel solutions to societal concerns. This demonstrates Orange’s commitment to supporting entrepreneurship and contributing to social and economic development by incentivizing technical innovation focused at producing solutions that effect good change at the community and environmental levels. The competition The competition is divided into two phases. The first is the local phase, during which Orange Egypt will accept proposals from…
Egypt’s Minister of Communications and Information Technology, Dr. Amr Talaat, officially inaugurated the new office of IGT Solutions at Maadi Technology Park in Cairo. The global customer experience (CX) and digital transformation company is expanding its operations in Egypt as part of its strategic growth in EMEA markets. The event was attended by IGT Solutions’ Global CEO Katie Stein, ITIDA CEO Eng. Ahmed El-Zaher, IGT Egypt Managing Director Mohamed Guemei, and senior officials from the Ministry of Communications and ITIDA. IGT Solutions entered the Egyptian market in 2022 and currently operates a multilingual service center providing support in over eight…
Rabbit, the leading tech-driven, hyperlocal e-commerce company, announces its market entry to Saudi Arabia – and a target of delivering 20 million items in all KSA’s major cities, by 2026. Rabbit is already live in KSA. The Company has established its regional headquarters in Riyadh – with a growing Saudi team, and its operations are up and running through its network of ‘dark stores’ (fulfillment centers) across key neighborhoods in the city. Having secured its commercial license from KSA’s Ministry of Investment in 2022, the Company’s regional HQ and investment in local talent follows a carefully planned, pragmatic strategy for…
InfiniLink, an innovative semiconductor startup specializing in advanced optical data connectivity chips for AI-driven data centers, today announced the successful closure of a $10M funding round. This seed-stage investment was joined by MediaTek, a leading fabless semiconductor company, and Sukna Ventures, based in Riyadh, Saudi Arabia, with participation from the Egyptian VC firm Egypt Ventures and angel investor M Empire Angels. Transforming Data Center Since its founding in 2022, InfiniLink developed groundbreaking Silicon Photonics integrated optical transceiver chiplets (iOTC) technology. The funding will enable the company to advance its mission of transforming data center connectivity leveraging its deep expertise in…
Banknbox, a leading provider of banking and payment solutions, announces its first expansion in the Gulf region with the establishment of its headquarters in Qatar. The company has obtained a license from the Qatar Financial Centre (QFC) and is set to introduce its advanced and unified payment technology platform, CoreLINK, in the country. This expansion comes through a strategic alliance with Cwallet, officially signed during Web Summit 2025, reinforcing both companies’ commitment to supporting digital transformation and financial inclusion in Qatar by offering advanced digital payment processing services for banks and fintech companies. Advanced Financial Solutions Through this partnership, Cwallet…
The Technology Innovation and Entrepreneurship Center (TIEC) of the Information Technology Industry Development Agency (ITIDA) has selected startups to join the Invest IT program, implemented in partnership with Flat6Labs. The program is designed to help Egypt-based startups at the seed or pre-Series A stages become investment-ready and successfully secure funding deals. The Selected Startups The selected startups are categorized into two stages. The seed stage includes The WhiteGuard, Dragify, HNDL, Turuq, Skoolix, Kennah, Atoms AI, and Photon Smart. Meanwhile, the pre-Series A stage features Valify, Mrkoon, Qubefyn, Venu, Amanleek, LyRise, and Hoopoe Digital. Invest IT As an innovative investment-readiness support…
Mylo, the innovative fintech company born out of B.TECH, announced that it has received official approval from the Financial Regulatory Authority (FRA) for its fully digital onboarding experience through its Fintech License, making it one of the first companies to offer this service. This landmark achievement represents a transformative leap in Egypt’s consumer finance sector, redefining customer experience by making financial access more seamless, efficient, and entirely digital. Financial Services The newly approved digital onboarding process eliminates traditional barriers to financial services by removing the need for wet signatures or in-person KYC verification. This empowers users to onboard and activate…
LoftyInc Capital Management has announced the first close of $43m for its new LoftyInc Alpha Fund, a late-seed focused investment vehicle that will drive growth for Africa’s most promising tech startups across key geographies, including Nigeria, Egypt, Kenya, and Francophone Africa. African VC Operating out of Nigeria, Egypt, and Kenya, LoftyInc is one of the African VC ecosystem’s earliest and most successful investors, with early investments in prominent startups such as Flutterwave, Andela, Wave Mobile Money, RelianceHealth, Thndr, OmniRetail, and Moove. With over a decade of venture capital experience, LoftyInc has consistently delivered strong returns to its investors while advancing…
In the midst of the digital revolution reshaping the future of media and entertainment, “Foras,” a leading investment and innovation company, announced the launch of four new digital media products targeting diverse audience segments. This ambitious plan aims to invest $20 million in digital media and gaming sectors. This announcement comes after “Foras” surpassed one billion views across all social media platforms, reshares, and screen records in 2024, through its first two products: “El Kabsoola,” in partnership with Victory Link, and “El Mal El Halal,” in collaboration with Digisay. Foras’s strategy The new products are part of Foras’s strategy to…
Entlaq, in collaboration the Netherlands Enterprise Agency (RVO), and the Embassy of the Netherlands in Egypt, is proud to announce the launch of an insightful and data-driven Fintech Report that highlights Egypt’s rapidly evolving financial technology landscape. The report provides a strategic overview of the sector, analyzing its growth potential, key market trends, challenges, and opportunities for both local and international stakeholders. Scaling Fintech in Egypt The event was hosted at the embassy and featured notable speakers, including H.E. Mr. Hossam Heiba, President of GAFI; H.E. Dr. Mohamed Farid, Chairman of the Financial Regulatory Authority (FRA). Followed by an Expert…
In a move to strengthen regional cooperation in the information and communication technology (ICT) sector, Al Dar Al Arabiya, the organizer of COMEX Oman, held a press conference in Cairo in collaboration with the Chamber of Information Technology Industry of the Federation of Egyptian Industries. The conference highlighted key investment opportunities available in the Omani market for Egyptian companies, ahead of the 34th edition of COMEX Oman, set to take place in September in Muscat, with the support of the Omani Ministry of Transport, Communications, and Information Technology. Strategic Partnerships to Foster Technological Collaboration The event was attended by top…
In a strategic move to bolster education in Egypt and solidify its status as a regional education hub, a coalition of Egyptian investors has unveiled a strategic investment of $100 million in the education sector. The significant investment is made in collaboration with Emirati, American, and Canadian experts, underlining the strategic nature of this initiative. St. Anthony The project aims to establish five modern international schools under the name “St. Anthony International Schools”. These schools will be strategically located in areas across East and West Cairo as well as coastal regions over the next five years. These schools aspire to…