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Intella, the market leader in dialectal Arabic speech intelligence, today announced it has closed $12.5 million in an oversubscribed Series A round led by Prosus, with participation from 500 Global, Wa’ed Ventures, Hala Ventures, Idrisi…
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Seraya, a Dubai-based proptech and hospitality startup, has secured $1.8 million in seed funding through a mix of equity and debt, bringing its total capital raised to $2.15 million. The round was led by a prominent Saudi family office and…
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Munify (YC S25) has raised $3M in seed funding to build a cross-border neobank for Egyptians abroad. The startup, founded by former Microsoft and Uber engineer Khalid Ashmawy, gives migrants a faster, cheaper way to send money home while…
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Vodacom Group has named Ayman Essam as Chief Executive for External Affairs, effective October 1, 2025, in a move that signals the company’s deepening commitment to strategic engagement across its African markets. In this newly expanded…
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Egypt’s first incentivized goal-based investment platform, has officially launched after closing the pre-seed funding round led by 4DX Ventures, with participation from Plus VC and a group of global angel investors. The company announces…
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Holo, a fintech platform reinventing how people buy homes in the UAE, has announced that it has raised $22 million in one of the largest Series A rounds in the GCC in 2025. The investment round was led by Saudi Arabia’s Impact46, with…
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Orange Egypt has signed an exclusive partnership with Enjaz Payment Services, one of the largest fintech companies in Saudi Arabia and the Middle East. Enjaz operates across the Kingdom with a wide-reaching network of more than 140…
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Entlaq, in partnership with El Gouna, is proud to announce the launch of the third edition of the Egyptian Entrepreneurship Sector Diagnostics Report (SDR 2025), taking place in El Gouna from September 24 to 26, 2025. Now recognized as an…
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As Africa’s startup ecosystem continues to evolve, FollowICT highlights the week’s most significant developments across the continent—from venture studio breakthroughs in Nigeria to strategic capital flows in East Africa and beyond.…
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In a significant step that reflects its strong commitment to innovation and strengthening cybersecurity standards, First Abu Dhabi Bank Misr (FABMISR), one of the largest banks operating in Egypt, has successfully implemented the latest…
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