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Start-ups in Egypt received a record $190 million in funding last year, accounting for more than one-fifth of every venture capital deal in the broader Middle East and North Africa region, according to a new report.
Total funding deployed into Egyptian start-ups jumped 30 per cent year-on-year, higher than the 13 per cent growth in venture capital investment recorded across the region, data platform Magnitt said in its
Venture capital investments in Egypt have grown at a compound annual rate of 100 per cent over the past five years. With 114 transactions in 2020, Egyptian start-ups accounted for 22 per cent of all deals, coming in second in volume terms behind the UAE, which accounted for 26 per cent of all Mena transactions.
Kearney Releases 2021 Global Services Location Index
India, China retain top spots; US, UK, Singapore rise as digital resonance becomes key criterion
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CHICAGO, April 15, 2021 /PRNewswire/
The emergence of a worldwide network of digital hubs is changing the way global corporations source their rapidly growing digital-services needs. These nodes of highly skilled digital practitioners are increasingly serving as one-stop shops and proximity to them is becoming a crucial factor for companies seeking to keep up with ever-accelerating change, according to a report issued today by global consulting firm Kearney.
Kearney s Global Services Location Index (GSLI), issued every two years, helps companies make key location decisions about where to locate offshore operations, and the Index sheds light on their complex and shifting choices through an analysis of more than 50 countries. The index is based on 47 metrics across four main categories:
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