Ashok Raman

Aug 20, 2024 | entrepreneur.com | Ashok Raman

Egypt boasts over 160 venture capital (VC) firms and investors supporting its startup ecosystem. These include both local and international investors, which have collectively participated in over 800 deals in the five years between 2019 to 2023. The local investors have been a lot more active; however, the investor landscape is dominated by the presence of more international investors.

Jul 30, 2024 | entrepreneur.com | Ashok Raman

Flat6Labs is a leading seed and early-stage venture capital firm that currently runs the most renowned startup programs in the MENA region. The fund has a presence in Cairo, Jeddah, Abu Dhabi, Beirut, Tunis, Manama, and Amman, and it runs multiple theme-focused programs.

Jul 8, 2024 | entrepreneur.com | Ashok Raman

Egypt boasts of over 160 venture capital (VC) firms and investors that are supporting its startup ecosystem– both local and international. These players have collectively participated in over 800 deals over the past five years, worth over US$2 billion. Egypt's investor landscape has a fair mix of local, regional, and international investors ploughing funds into the ecosystem.

Jul 1, 2024 | entrepreneur.com | Ashok Raman

MNT-Halan made headlines in February of last year, when it was crowned Africa's first unicorn of 2023. MNT-Halan describes itself today as Egypt's largest non-bank lender to the unbanked, but it may surprise you to learn that it originally debuted as a ride-hailing platform called Halan Inc. Founded in 2017 by Mounir Nakhla and Ahmed Mohsen, MNT-Halan launched as a ride-hailing platform centered in Zamalek, Giza- an affluent and diplomatic neighbourhood of Cairo.

Jun 27, 2024 | entrepreneur.com | Ashok Raman

The Egyptian currency has witnessed major volatility in the past two years in particular, after enjoying a relatively stable currency position since the Egyptian pound adopted a free-float approach in November 2016. The Egyptian pound has changed its pegging to numerous standards, starting with the gold standard from 1885 to 1914, to the British pound from 1914 to 1962, and to the US dollar from 1962 to 1989, until it was eventually floated.