“Those were very difficult times to start a business and to find capital,” says Tamer Azer, Principal at Sawari Ventures. However, if an investor’s portfolio companies need funding support then there is less capital now available but then, they might have fewer companies at the end of the day so that opportunity cost might remain unchanged. “If any of our portfolio companies need money we help them secure that funding, bid around for and/or participate in a round for them,” Azer says. The ecosystem in Egypt needs more exitsExits are rare and far between in the African tech ecosystem but the MENA region has seen a number of significant exits. This is the next step for the investment players in the Egyptian and North African ecosystem.

Source: The North Africa Journal July 27, 2020 14:03 UTC