In 2024, Egypt maintained its leadership in Africa's startup ecosystem, securing more than a third of the continent's total venture capital funding despite a notable decrease in investment. The standout achievement for Egypt was MNT-Halan’s $157.5 million funding round, which was the largest of the year not only in Egypt, but also across Africa and the broader MENA (Middle East and North Africa) region. Announced in July, this round underlined Egypt's ongoing importance as a startup hub in the region.
