Egyptian startups attracted $228 million in venture capital and debt financing between January and May 2025, the Ministerial Group for Entrepreneurship said, signalling renewed investor appetite in the sector. The group reported 16 deals during the period, including 11 with disclosed values totalling $156 million, up 130 per cent from the same period in 2024. Additional debt financing included $49 million raised by MNT-Halan and $23 million by Nawy. Minister of Planning, Economic Development and International Cooperation Rania Al Mashat, who chairs the ministerial group, said the surge in investment reflected improved confidence in Egypt's business environment following state-led reforms aimed at boosting macroeconomic stability and attracting foreign capital. She added that efforts are under way to finalise a national startup charter and expand funding initiatives, including tax breaks for small firms earning under EGP 20 million annually. The PropTech sector accounted for 33 per cent of total investment, while FinTech led in number of deals, representing 32 per cent of transaction volume. The market also witnessed several acquisition deals, including Dubizzle's purchase of the car trading platform Hatla2ee and MaxAB-Wasoko's acquisition of Fatora. Attribution: Amwal Al Ghad English
