Egypt becomes new frontier for start-up investment in Africa
ACROSS Africa, start-up companies are attracting millions from venture capital, private equity, social impact funds, with the Egyptian start-up market becoming the new frontier for global and regional investment By Seth Onyango Egypt is emerging as the biggest investment market for start-ups, attracting millions of dollars annually on the back of ongoing political and economic reforms in the North African state. Just in June 2021, Egyptian start-ups raked in more investment capital to surpass the 190 million dollars funding deployed into the start-ups marketplace in the whole of 2020. Data platform Magnitts 2020 Egypt Venture Investment report shows venture capital…