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Egypt Ranks Second in MENA’s VC Investment in 2020


Egypt came in the second position in terms of venture capital (VC) investments in the MENA region in 2020, following the UAE which made up 56% of the total funding. Egypt’s VC funding inflows surged by 31% y-o-y, boosting its share of funding in the MENA region by 2% to 17%. The jump was backed by investments during the 1H2020, while investments during 2H2020 plunged by 58% as a result of the repercussions of the pandemic. (Mubasher)

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