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This significant investment will fuel the startup’s expansion and solidify its position in the regional education market.
Farid, founded in 2024 by Mahmoud Hussein, is a platform dedicated to providing innovative educational solutions for children and adolescents aged 3 to 18.
The company focuses on character education, mental health support, and personal skills development, utilizing modern methodologies to foster well-rounded individuals.
With this new funding, Farid plans to expand its educational platform, develop new training content, and hire additional staff.
The startup also aims to enter new markets, including Saudi Arabia and the United Arab Emirates, building upon strategic partnerships with Egyptian schools.
“This investment will enable us to accelerate our growth and reach a wider audience,” said Mahmoud Hussein, the founder and CEO of Farid.
“We will use the funds to enhance our platform, develop new training programs, and expand our operations in key markets.”
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
Sahel Capital has provided a $400,000 working capital loan to MM LEKKER through its Social Enterprise Fund for Agriculture in Africa (SEFAA), aiming to strengthen agricultural trade and smallholder farmer support in Benin.
Tech giant Microsoft has announced a $70 million investment in the South African economy over the next decade.
FrontEdge, a Nigerian fintech startup based in Lagos, has successfully raised $10 million in a seed round of funding, with over 70% of the capital contributed through debt financing.