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  2. MENA’s women entrepreneurs seize 2.5% of world’s VC funding

MENA’s women entrepreneurs seize 2.5% of world’s VC funding

NOHA.GAD
Nov 27, 2024
MENA’s women entrepreneurs seized 2.5% of the world’s venture capital funding

Riyadh - Sharikat Mubasher: Women entrepreneurs in the Middle East and North Africa (MENA) region are increasingly becoming a powerful force for economic growth and social change, backed by the region’s shift towards supporting women in entrepreneurship.

Noor Sweid, Founder and Managing Partner of Global Ventures, stated that women entrepreneurs in the MENA region seized 2.5% of the world’s venture capital (Vc) funding.

In a discussion session held on the sidelines of the Global Women’s Forum (GWF), Sweid stated that the region needs to expend more efforts to promote women’s role in the entrepreneurial ecosystem and increase investors’ trust in their capabilities.

She invited Arab women entrepreneurs to provide exceptional services that cater to individuals’ needs to gain investors’ trust.

The third edition of GWF took place in Dubai on 26 and 27 November gathering a distinguished array of global leaders, senior government officials, private sector executives, renowned experts, academics, and entrepreneurs.

With over 60 sessions and the participation of 100 inspiring leaders and influencers worldwide, the Forum showcased the most exemplary global practices supporting women's empowerment.

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Edafa Venture acquires AI startups Kuadra, IRRI Vision in six-figure deals
Cairo - Sharikat Mubasher: Edafa Venture Capital, a leading Saudi-Egyptian investment company specializing in venture capital for startups in Egypt and the Middle East, announced the acquisition of Kuadra, a construction technology company, and IRRI Vision, a health-tech platform, in six-figure dollar deals.The acquisitions, announced during AI Everything Middle East and Africa – Egypt exhibition, reflect Edafa Venture’s strategy to strengthen its presence in the technology and artificial intelligence ecosystem, the company announced in a press release yesterday.These deals align with Edafa’s mission to build an investment platform that supports promising startups and helps them expand regionally, accelerating the adoption of AI-driven solutions across key industries.Essam Aly, CEO of Edafa Venture, affirmed that the acquisition deals demonstrate Egypt’s growing attractiveness as a destination for AI investment. “These developments confirm that Egypt is no longer merely adopting digital solutions; it is building a comprehensive innovation ecosystem capable of developing and exporting technology, further strengthening its position as a regional hub for innovation across the Middle East and Africa,” he said.Aly further noted that the deals reflect the quality of innovation showcased during the exhibition and highlight the value of bringing together entrepreneurs, investors, major corporations, and policymakers under one roof.Kuadra leverages AI to transform the planning, management, and execution of large-scale construction projects through interconnected smart operating systems that enhance efficiency and streamline project operations.Meanwhile, IRRI Vision is an Egyptian health-tech company that develops AI-powered solutions to support physicians and healthcare providers with faster, more accurate diagnostic tools, helping improve treatment outcomes and the overall quality of healthcare services.
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