Add Row
Add Element
Add Element
  • Channel
    • VIRTUAL EVENTS BILLBOARD
    • CONFERENCES & CONVENTIONS
  • Featured
    • THE VORTEX VISIONARY VIEW
    • African Changemakers
    • Future of Africa
    • Sustainable Africa
    • Women Vortex
    • Vortex Global Pulse
    • Habitat Trails
    • InterContinental Issues
    • Intracontinental Currents
    • #FUTURE FEATURE INVITATION
August 15.2025
2 Minutes Read

Why Investors Are Flocking to North Africa for Tech Ventures

Abstract illustration of AI in Africa featuring a man with tech elements.

North Africa: The New Frontier for Investment

North Africa is increasingly becoming a magnet for investors, particularly in the tech sector. With landmark acquisitions demonstrating its potential, as seen with InstaDeep, investor confidence in the region is on the rise. The strategic location of North Africa, nestled next to Europe and its access to Middle Eastern capital markets, further enhances its appeal.

Exciting Growth Numbers

In 2024, Egypt led Africa in equity deal activity, experiencing a remarkable 48% increase in deals from the previous year. Morocco also made headlines by securing substantial funding, marking its position among the top African investors, raising over $50 million. The first half of 2025 saw Egypt amass $339 million in tech funding, making it second only to South Africa. Notably, sectors such as fintech and proptech are attracting significant attention, offering endless opportunities for innovative startups.

Enza Capital: Investing in the Future

Enza Capital is keenly focused on North Africa, having tripled its investment portfolio in just two years. With a willingness to allocate between $250,000 to $20 million, this pan-African fund embodies a strategic approach to nurturing startups that are poised to address Africa's pressing issues like financial services, healthcare, and climate challenges. Their investment thesis centers on supporting technology-driven solutions that strive to create meaningful impact while fostering sustainable revenues.

Building a Supportive Ecosystem

Investing in Africa often means creating conditions conducive for success. Abdelrahman Hassan, principal at Enza, emphasizes the importance of supporting entrepreneurs beyond capital injections. By providing help with talent acquisition, product strategies, and governance models, Enza aims to build a vibrant ecosystem where startups can flourish. This multifaceted support approach ensures that companies can adapt and thrive, even when market conditions shift.

The Blend of Impact and Profitability

Hassan's transition from an impact-first fund to a return-driven venture highlights a crucial understanding: business sustainability and social impact can coexist. For example, Enza invests in neobanks that provide banking services to unbanked populations. These enterprises not only target financial returns but also play a pivotal role in improving access to vital services, helping to transform lives.

Looking Ahead: The Future of Tech Investment

With North Africa positioned as a key player in the digital transformation landscape, opportunities abound in AI, fintech, and automation. Investors drawn to this vibrant market have the potential to shape the future of work and elevate the region’s technological prowess. As confidence and capital flow into the area, the narrative of North Africa as an investment hub will only strengthen.

Tech & AI Disruptors

0 Views

0 Comments

Write A Comment

*
*
Related Posts All Posts

Transforming Electric Vehicle Support in Nigeria: Qoray and AutoGig Team Up

Update Powering the EV Future: Qoray and AutoGig's Bold PartnershipThe landscape of electric vehicle (EV) ownership in Nigeria is set to transform radically thanks to an ambitious partnership between Qoray Mobility and Energies Ltd and AutoGig International. By addressing a critical gap in aftersales support, these two companies aim to alleviate the fears that have long hindered the adoption of electric mobility in the region.Connecting EV Owners with Trustworthy SupportOn September 18, 2025, Qoray and AutoGig sealed their partnership in a formal event that echoed the growing need for technical support in Nigeria’s nascent EV sector. With Akinkunmi Akingbogun, Vice President of Mobility at Qoray, emphasizing the alignment of their visions, this collaboration promises reliable services for both Qoray and non-Qoray EV owners. “AutoGig stood out as a partner due to their expertise in EV technology and training,” Akingbogun noted, highlighting the synergy that can potentially reshape consumer experiences in electric mobility.Riding the Wave of Clean Energy AdoptionAs interest in electric vehicles surges, the incorporation of such aftersales services is pivotal. According to industry experts, the lack of trusted technical care is one of the top barriers to EV adoption in Nigeria. The joint capabilities of Qoray and AutoGig are positioned to eliminate these concerns, reassuring customers about the longevity and safety of their investments in electric mobility.The Road Ahead: Building a Sustainable FutureFor investors looking into the future of Africa’s tech landscape, initiatives like these represent not just partnerships but a larger movement toward sustainability. Digital transformation is at the heart of this evolution, with the automotive sector reflecting broader trends in AI, fintech, and smarter energy solutions. By streamlining EV servicing, Qoray and AutoGig are not only enhancing user experience but are also playing a crucial role in fostering a more sustainable setup.Take Part in the Revolution!If you're an EV owner eager to capitalize on this revolutionary partnership for reliable aftersales support, don't hesitate to reach out to Qoray's customer support at +2348151491881 or drop them an email at info@qoraymobility.com. Engaging with these leaders marks a step towards embracing the future of clean transport. Together, let’s drive Nigeria's transition to electric mobility!

Revolutionizing Business: The WIRA Program Empowers Women Entrepreneurs in Nigeria

Update Empowering Women Entrepreneurs in Nigeria: A Game Changer In a pioneering move aimed at strengthening Nigeria's economic fabric, the Development Bank of Nigeria (DBN) has partnered with the Sterling One Foundation to launch the Women Investment Readiness Accelerator (WIRA) program. This initiative is a crucial step toward empowering women entrepreneurs, who are often faced with substantial challenges in accessing finance and business support. Bridging the Financing Gap Women-owned businesses represent a significant segment of Nigeria's economy yet face a staggering $42 billion annual financing gap. Reports indicate that despite owning nearly 60% of small and medium enterprises (SMEs), women entrepreneurs receive less than 10% of the total investment and only 5% of venture capital funds when led by female CEOs. The WIRA program directly addresses these issues by providing essential mentorship, training, and funding access to women who aspire to expand their businesses. A Focus on Skills and Resources The WIRA initiative emphasizes practical training tailored to the unique needs of women entrepreneurs. With support from Agence Française de Développement (AFD), the program equips participants with tools and connections needed for scaling their businesses. As Olapeju Ibekwe, CEO of Sterling One Foundation, pointed out, “We are not just helping them stay afloat, but giving them the confidence to compete and succeed on a larger scale.” Driving Economic Impact Dr. Tony Okpanachi, Managing Director of DBN, stressed the importance of empowering women in business for Nigeria’s economic development. By dismantling barriers and creating pathways to success, the WIRA program stands to significantly bolster economic productivity and innovation in the nation. Join the Movement to Empower Women Entrepreneurs This initiative represents much more than just a support program. It is a movement towards equality, economic empowerment, and societal growth. Interested women entrepreneurs can apply for this transformative WIRA program and find out more at onefoundation.ng/wira. Conclusion: Impact Beyond Limitations As we witness the emergence of technologies reshaping industries in Africa, the empowerment of women entrepreneurs becomes a driving force for substantial change. The WIRA program is not just beneficial for those who participate; it creates ripples of impact across the economy, encouraging investment, innovation, and inclusivity.

Revolutionizing Fintech: How Finance Muse Integrates AI & Emotional Wellbeing

Update A New Era in Fintech: Finance Muse and Emotional Wellbeing The intersection of finance and emotions is an uncharted territory for many, yet it’s the foundation on which Finance Muse is built. Founded by a former banker-turned-mom, this platform aims to redefine how we perceive and manage money. It’s not simply about crunching numbers; it’s about fostering a healthy relationship with our finances, one that balances pressure with calm and clarity. Money Management Meets Mindfulness Imagine a financial platform that encourages you to pause and reflect before making a decision. Finance Muse does just that through innovative features like Mood & Money Check-In and Mindful Tracking. These tools enable users to connect their emotional states with financial choices, paving the way for responsible spending habits and financial wellbeing. Embracing Technology with a Human Touch As fintech in Africa gains momentum, platforms that integrate empathy into their design are becoming crucial. The husband-and-wife team behind Finance Muse is working on the MuseBot, an AI companion designed to provide empathetic support rather than create a sense of pressure or anxiety around financial tasks. This reflects an emerging trend in AI in Africa—blending technological innovation with a human-centered approach. Cultural Shifts Toward Financial Responsibility This platform resonates deeply with a generation craving clarity in their financial lives. In Africa, where rapid tech disruption is commonplace, Finance Muse offers a refreshing approach that aligns with broader African tech trends. With a focus on global outreach, the initiative aims to empower individuals across continents, encouraging a more transparent and balanced fiscal environment. The vision for Finance Muse extends beyond local borders; it reflects a fundamental shift in how we view money, emphasizing sustainable practices and emotional wellbeing. As the fintech landscape transforms, tools like Finance Muse help pave the way for future innovations that prioritize mental health alongside financial success. This is an exciting time for African startups, offering insights into how emotional engagement can revolutionize the financial services industry. Join the movement towards a more mindful approach to money management—because finance should feel human.

Terms of Service

Privacy Policy

Core Modal Title

Sorry, no results found

You Might Find These Articles Interesting

T
Please Check Your Email
We Will Be Following Up Shortly
*
*
*