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DisrupTech Ventures is an early-stage venture capital fund aiming to provide seed funding to up to 28 startups. The VC fund raised $36 million from several investors, including Development Finance Institutions, Funds-of-funds and Family offices. The investment is projected to be an important financing source for Egyptian tech companies, which often struggle to raise capital to bring their innovations to market.
Launched two years ago, DisrupTech was established to support early-stage Fintech and Fintech-enabled digital services startups focusing on Egypt. The firm adopts a hands-on approach from the beginning, partnering with talented entrepreneurs to transform their vision into reality.

MTN Digital Infrastructure, trading as Bayobab and part of the MTN Group, has partnered with Zoom Communications, Inc. to boost digital inclusion and enhance business connectivity across Africa.

HR and payroll solutions provider Deel has announced the acquisition of PaySpace, a South African company offering similar services, in a move to strengthen its global footprint.

Fifty promising entrepreneurs from across Africa have been selected as finalists for the fifth edition of the Africa’s Business Heroes (ABH) initiative.