Sawari Ventures
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A look into the British DFI’s plan to invest in African economies, venture funds and tech startups
On April 4, the U.K.’s development finance institution, Commonwealth Development Corporation (CDC) Group, formally changed its name to British International Investment. As part of the name change, the development finance institution (DFI) announced that it surpassed its pledge to invest £2 billion in Africa over the last two years. It was a reminder of the…
Featured Article
African tech took center stage in 2021
Two years ago, the African tech ecosystem saw newfound attention from global players that translated to the continent’s best year of receiving venture capital. From varying sources, it is estimated up to $2 billion went into African tech startups in 2019. With high-profile visits from the most famous Jacks (Ma and Dorsey), a long-awaited first…
Regional seed and early-stage venture capital firm Flat6Labs has finished raising $10 million for its seed fund targeted at Tunisian startups, according to a statement released by the company. The…
Video e-learning platform for MENA, Almentor, closes $6.5M Series B led by Partech
There are more than 400 million Arabic speakers globally and that number isn’t slowing down anytime soon. Arabic, to most people, is a tough language even to those who speak…
Seed-stage accelerator Flat6Labs closes $13.2M fund for startups in Egypt
Investment activities in Egypt continue to gain steam, not for startups only but also the funds backing them. Today, seed accelerator Flat6Labs announced the second close of its Egypt fund…
Egyptian VC firm Sawari Ventures finally closes $71M fund for North African startups
Egyptian-based VC firm Sawari Ventures has closed its $71 million fund for North Africa’s rapidly growing startup ecosystem. The firm first announced its fund in 2018, when it closed an…
