Cairo-based Nawy, Africa's largest proptech platform, which combines property listings with brokerage services, raised a $52M Series A led by Partech Africa
For decades, buying property in Egypt meant navigating a fragmented real estate market, relying on personal networks …
Meta rolls out Meta AI in Algeria, Egypt, Iraq, Jordan, Libya, Morocco, Saudi Arabia, Tunisia, the UAE, and Yemen, and adds language support for Arabic
Paul Sawers / TechCrunch :
Kenya-based Wasoko and Egypt-based MaxAB, two of Africa's largest B2B e-commerce platforms, merge in an all-stock deal; the companies raised over $240M combined
450K+ merchants across 5 markets —$180M payment volume in Egypt, surpassing commerce sales —disbursed $20M in merchant financing; <1% default. —4,000+ employees. https://techcrunch.com/... @frankelean...
The US adds Sandvine to its entity list, banning the networking equipment company from obtaining US tech, for supplying Egypt with equipment used for censorship
Ryan Gallagher / Bloomberg :
Research: African startups raised between $2.9B and $4.1B total in 2023, down from $4.6B to $6.5B in 2022, with Egypt, Kenya, Nigeria, and South Africa leading
TechCrunch :
Apple releases emergency security updates for iOS, iPadOS, macOS, and watchOS to patch three zero-day vulnerabilities, for a total of 16 zero-days fixed in 2023
Attacks Underway Lance Whitney / ZDNet : Apple issues emergency security updates for iPhone, iPad, and Apple Watch Kevin Poireault / Infosecurity : mWISE: Why Zero Days Are Set for Highest Year on Rec...
CB Insights: global fintech funding totaled $15B in Q1, up 55% QoQ, with Egypt-based MNT-Halan becoming the only unicorn, a first since the end of 2016
Global fintech funding totaled $15 billion in the first quarter of this year, growing 55% from the fourth quarter, according to CB Insights' latest State of Fintech report.
Microsoft partners with Viasat to expand its Airband Initiative satellite internet program to Africa, prioritizing the DRC, Nigeria, Egypt, Senegal, and more
Alan Boyle / GeekWire :
Egypt is one of the internet's most prominent choke points thanks to 16 subsea cables carrying ~17% of the world's internet traffic touching land in the country
Underwater cables keep the internet online. When they congregate in one place, things get tricky. Tweets: @chengela , @aipio , and @mattburgess1 Tweets: Angela Chen / @chengela : “Where there are cho...
Egypt-based Telda, a money management and payments app, raised a $20M seed led by Sequoia and Global Founders, with Block and others participating
Tage Kene-Okafor / TechCrunch :