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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.

Ninety One has reached the final close of its Africa Credit Opportunities Fund 3 at $404 million, including leverage, to finance businesses and critical infrastructure projects across Africa and other emerging markets.

Village Capital, a global nonprofit investor in early-stage companies, has announced investments in Kenyan startup Aquarech and Nigerian startup Coamana.

All On Partnerships for Energy Access has invested $5 million in PowerGen Renewable Energy Nigeria Limited to expand renewable electricity infrastructure for underserved households, businesses, and industrial customers across Nigeria.