Economy (4)
EGYPT’S DENTAL E-COMMERCE STARTUP DENTACARTS SCORES $450,000 SEED ROUND
29 Dec 2019 Written by Admin AdminDentaCarts, an Egyptian one-stop dental marketplace, raises $450,000 in a seed investment round led by Egypt’s AUC Angels, Saudi’s Wadi Makkah, Japan’s AAIC, and US-based global startup empowerment firm 500 Startups.
“We are in a mission to help the dentists in our region by providing them the widest range of authentic products, a premium shopping experience, and the data that can enhance their performance and profitability,” says DentaCarts' CEO, Ahmed Yahia. “The seed is a step in our journey to lead the dental eCommerce in the Middle East and Africa” he added.
Established in 2017 by Yahia and his co-founder Saad Saleh, the startup offers the widest range of authentic and high-quality dental products via authorised dealers in the region. The innovative startup did not specify how this investment with be used, but it has declared its intention to become the leader of dental eCommerce in the Middle East and Africa.
Enabling its strong efforts to disrupt the ecosystem was the Misk500 accelerator programme, where the startup participated in the programme’s first cohort. The startup aims to provide innovative solutions and overcome challenges in the industry, such as access to the market’s limited choice, over-inflated prices, and fake products that cause risk to patents’ health and safety.
The startup claims that, so far, they have served over 1,500 authorised dental clinics, and made over 10,000 delivery orders to Egypt, Saudi Arabia, Kuwait, Kenya, and Ghana. DentaCarts consists of a variety of over 10,000 items on the platform, from monthly supplies to clinic furnishing, and it has over 100 authorized dealers onboard as suppliers.
source: thestartupscene
Investing in Egypt: IFC Investments in Egypt Help Create Jobs, Spur Growth
01 Oct 2016 Written by Admin SAEFrom Middle East Business Magazine
Cairo, Egypt, September 7, 2016—IFC, a member of the World Bank Group, has ramped up investments in Egypt with a focus on improving the country’s infrastructure, supporting manufacturing companies, and improving access to finance for small and medium enterprises (SMEs). (Arabic version)
Transportation Corridor for Sustainable Development in Egypt: Enhancing Science-Based, Fast-Track Economic Growth
25 Jan 2016 Written by Admin SAE
By: Dr. FAROUK EL-BAZ*
Center for Remote Sensing, Boston University, Boston MA 02215, U.S.A.
1 ABSTRACT
In January 2011, the youth of Egypt revolted against a corrupt government, which lacked vision and imagination.
Egypt is bisected by the highly fertile Nile valley, where most economic activity takes place. The Egyptian economy relies heavily on tourist revenues. Egypt is the most populated Arab country, it counts about 82.1 million people, with $2,922 GDP per capita. The contribution of the Egyptian economy is about 0.3% of the emerging markets index MSCI. Egyptian population is rather young. The aged 15 years or less, about 34%, and the age group of youth from 15-35 years old about 35%. The people who represent the workforce in the category of 15-65 years old represent 62%, which requires a clear map to take advantage of the power work in economic activity.
Area: 1,002,000 sq km DEMOGRAPHY
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