Investors pour 185 million USD into African startups

African tech startups received a total of over 185 million USD over the course of 2015. A significant proportion of this investment was dedicated to “social enterprises”, i.e. profit-making companies with social impact as their main goal. Some African entrepreneurs…

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GCC investor acquires stake in European healthcare group

The investment arm of the Kingdom of Bahrain, Mumtalakat Holding Company, has announced the recent successful acquisition of an equity stake in KOS Group, a European healthcare group that provides long-term care and rehabilitation services, as well as hospital equipment…

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US healthcare startup raises 1.7 million USD

The US healthcare sector is making rapid strides in recovering from the level of risk present in the sector in 2015. According to Michael Palumbo, founder of Third Millenium trading, the US healthcare sector “is now at a level where…

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Middle Eastern tech fund closes at 32 million USD

Middle East Venture Partners (MEVP) recently closed its second Middle East Venture Fund at 32 million USD – and in doing so, the venture capital firm became the largest independent funder of new businesses in the Middle East. MEVP specialises…

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