The Empower Africa Business Platform is Now Live !!!
El Kheta, an Egyptian online learning platform, has secured a significant investment of US$400,000 from EdVentures, Nahdet Misr Group’s venture capital arm.
EdVentures holds the distinction of being the first venture capital firm in the Middle East dedicated solely to the educational technology (edtech) sector.
El Kheta provides a unique and flexible learning experience for Egyptian school students.
The platform offers supplemental lessons aligned with the latest Egyptian curriculum, along with practice exercises and exams to help students solidify their understanding and achieve academic success.
Students can personalize their learning by choosing specific subjects and building a study plan that caters to their individual needs.
This funding round, led by Egypt’s first edtech-focused corporate VC fund, EdVentures, will empower El Kheta to expand its reach and services.
“We have strong faith in El Kheta’s ability to transform the online education landscape in Egypt, particularly with its focus on supporting school students,” said Dalia Ibrahim, founder and chairwoman of Nahdet Misr for Entrepreneurship EdVentures.
“We are committed to fostering talented entrepreneurs in the edtech industry and will actively support El Kheta’s vision of creating a more accessible and effective learning experience for all.”
“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.
Catalyst Partners Middle East (CPME) has acquired Egyptian fintech startup Qardy in a $23 million deal.
Tech giant Microsoft has unveiled plans to invest approximately USD 285 million (ZAR 5.4 billion) by the end of 2027 to enhance its hyperscale cloud and artificial intelligence (AI) infrastructure in South Africa.
The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) have launched a joint initiative to drive project development across six sub-Saharan African countries: Benin, Côte d’Ivoire, Ghana, Kenya, Nigeria, and Senegal.