The news:
- Safari Ventures, a Cairo-based venture capital firm, has announced plans to launch a new $150 million investment fund to support Egyptian startups.
- According to Hani Al Sanbati, the CEO and co-founder of the North Africa-focused investment company, the fund will go to several sectors across the country, including education, healthcare, fintech, green tech solutions, and deep tech initiatives, bolstering sustainable growth in the startup ecosystem.
- Since its inception in 2010, the company claims to have funded approximately 500 startups, including 19 early and growth-stage companies in Egypt, Tunisia, and Morocco, advancing its vision to establish Egypt as an essential investment hub in Africa and beyond.
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