Skip to content Skip to Search
Skip navigation

Egypt’s new fund eyes agritech startups in Mideast and Africa

Nature, Outdoors, Truck REUTERS/Bryan Woolston
Core inflation climbed to an annual 18% in September from 16.7% the prior month, shows data from the country's statistics agency.

A new climate resilience fund in Egypt plans to raise $25 million to invest in nature-positive and sustainable agriculture startups across the Middle East and Africa, The National newspaper reported.

The fund will invest $12.5 million in Egyptian ventures, while the rest will be equally split between the two regions.

It will target pre-seed startups, which tackle the problems of land misuse through tech-enabled and nature-enabled solutions.

In addition, the fund will support startups that focus on sustainable agriculture practices.

The report said that high net worth individuals, mainly in the Middle East, have indicated an interest in investing in the fund.

Egypt will host Cop27, the UN climate summit, in Sharm El Sheikh from November 6 to 18.

Latest articles

Oman UAE deals Sultan of Oman president of UAE

Oman and UAE sign deals worth $35bn

The UAE and Oman have announced a host of new commercial and business deals worth a total of AED129 billion ($35 billion). The partnerships were agreed during Monday’s state visit to the Emirates by the ruler of Oman, Sultan Haitham bin Tariq al Said.  Investment and collaboration agreements covered areas including renewable energy, green metals, […]

A silver trader in his shop in Ahmedabad, India. India is sourcing an increasing amount of its silver from the UAE

India’s silver imports from UAE on the rise

Supplies of silver to India from the UAE have increased this year, as the Emirates’ exporters benefit from an agreement signed between the countries two years ago. The India-UAE comprehensive economic partnership agreement signed in 2022 has significantly boosted imports, according to a report by Indian English-language business newspaper The Financial Express.  The UAE route […]

A worker at Al Faw Grand Port. The Development Road project aims to connect the port with Turkey

Gulf to collaborate on $17bn Suez Canal road and rail rival

The $17 billion “Development Road” project is moving ahead after the UAE, Iraq, Qatar and Turkey signed a quadrilateral cooperation agreement.  The road and rail collaboration aims to tie the Al-Faw Grand Port in Iraq’s oil-rich south to Turkey, thereby shortening travel time between Asia and Europe in a bid to rival the Suez Canal. […]

farmoing robotics UAE

Agricultural robotics centre planned for the UAE

Khalifa University of Science and Technology and agri-food giant Silal plan to create a centre of excellence for farming robotics in the UAE. The proposed research centre, to be located at Silal’s Innovation Oasis site in Al Ain, Abu Dhabi, will feature a dedicated autonomous greenhouse equipped with various robotic platforms, sensors and Internet of […]