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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.

Kenyan startup BuuPass has received new funding from Yango Ventures, the investment arm of Yango Group, to enhance its intercity travel booking services and broaden its presence in Africa.

Platinum Credit Uganda, the Ugandan microfinance arm of The Platcorp Group, has attracted a fresh injection of capital after securing a $4 million investment from Swiss asset manager Symbiotics to bolster lending to underserved communities and small businesses across the country.

South Africa’s Business Partners Limited (BPL) has unveiled a new financing initiative: the Basadi-Women Growth Fund, a R90 million (around US$4 million) facility aimed squarely at supporting women-led small and medium enterprises.