Turkish delivery startup Getir is reportedly moving to finalize details to close a deal for undisclosed terms to snap up German competitor Gorillas Technologies. The rumored acquisition deal, a mix of cash and equity, would give Getir a delivery foothold in the central U.K. and...
For businesses in the Middle East and North Africa (MENA), regional growth often follows a predictable pattern. The United Arab Emirates (UAE) is a popular choice for international businesses, with Abu Dhabi and Dubai both attracting global companies looking for a regional base from which...
Indeal, an emerging startup in Saudi Arabia, is reportedly looking to digitize B2B trade and alleviate challenges in the B2B eCommerce market. The company said it studied “major industrial cities” in the country and saw a number of common challenges, such as those related to...
G42, an artificial intelligence (AI) and cloud computing firm based in the United Arab Emirates, has launched a $10 billion fund to invest in late-stage growth technology companies. The G42 Expansion Fund will focus on technologies that “promise to shape the global economic landscape in...
The United Nations Development Programme (UNDP) will launch an initiative to mobilize and invest in new startups in Africa, a report from Business Day said. Part of the initiative, called Timbuktoo, will put $1 billion of public and private capital toward the goal in the...
Last month, Nigeria passed a bill through the Senate and House of Representatives that is designed to foster a culture of innovation and a supportive climate for entrepreneurialism, particularly in the technology sector. Read more: 5 Things to Know About the Nigeria Startup Bill But...
A recent souring of the global equity markets is having dire effects for startups that were previously doing well, Reuters reported Tuesday (Aug. 9). The market troubles and a lackluster demand for new listings have left many young companies raising funds at big discounts to...
Venture capital fund Financial Venture Studio (FVS) has closed its second fund, a $40 million pool designed to help early-stage startups. “Since launching in early 2018, we’ve strived to position ourselves as the first stop a founder makes in their entrepreneurial journey,” Co-Founder and Managing...
In July, the Nigeria Startup Bill (NSB) passed through the country’s House of Representatives, a week after the Senate voted in favor of it. The Bill is now awaiting approval of the presidency, which created it in collaboration with leaders from the country’s technology sector,...
