Investment in the Middle East and North Africa (MENA) region saw a significant decline in April 2024 with only 19 startups raising $55 million. This marked a 78% decrease month-on-month (MoM) from the $254 million raised in March 2024, but it represented an 87% increase year-on-year (YoY). To date, it has already deployed $17.5… pic.twitter.com/IIEFqoaek4 — BitKE (@BitcoinKE) April 11, 2024Bahrain-based alternative asset manager, InvestCorp, completed a significant merger and acquisition deal by acquiring NSEIT, the digital technology division of India’s National Stock Exchange (NSE), in a transaction valued at $120 million. U.S. tech giant, Microsoft, also invested $1.5 billion for a minority stake in UAE-based regional AI player, G42, with the aim of delivering advanced AI solutions with Microsoft Azure across various industries and markets. Follow us on Twitter for latest posts and updatesJoin and interact with our Telegram community____________________________________________________________________________________

Source: The North Africa Journal May 11, 2024 17:15 UTC