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Thursday, 7 December 2017

Egypt’s startup “revolution” boosts Africa’s tech landscape -Quartz

Egypt is experiencing a startup “revolution” that is set to change the continent’stech landscape, Abdi Latif Dahir writes for Quartz Africa. “Egypt’s nascent tech scene remains a bright spot for the country. And after years of being scared off by political turmoil, investors are making a comeback with fundraising for Egyptian startups jumping 105% in 2016 alone,” Dahir says. Mumm’s founder Waleed Abd El Rahman says “there is this striving ecosystem that is growing very very quickly and it is governed by a social contract that has a lot of ethics that is geared towards building this space, and making Egypt a better place.”

(TRIGGER WARNING: We love entrepreneurs — being starters of multiple businesses ourselves — and we love tech. But it’s hard not to want to hurl ourselves from the roof of the nearest 10-storey structure every time we hear pabulum that includes the word “ecosystem.”)

Egyptian agribusiness startups are also getting a glowing review from The Independent, which focuses on the budding aquaponics agriculture sector. Aquaponics — a system of agriculture which utilizes fish to help provide plants with nutrients — has seen a number of startups forming recently, including Bustan and Agrimatic, and is increasingly being seen as a sustainable and eco-friendly alternative to water-intensive traditional agriculture methods. But the industry faces challenges such as high startup costs and hence a higher priced product which might be difficult to compete with its cheaper alternative. By carving out niche brands among the organic-eating elites of Cairo, and supplying directly to the city’s top restaurants, businesses have managed a work around, writes Edmund Bower.

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