Today we are discussing:Venture funds raising fundsSignal’s new payments featurePredictions for the cloud in different sectors$160m fund for North African venture fundsEgyptian venture firms, Sawari Ventures and Algebra Ventures have launched a $71 million fund and a $90 million fund, respectively, for startups in Egypt and North Africa. Funds for Africa funds: Algebra and Sawari ventures’ combined $161 million raise comes on the heels of other major raises by Africa-focused funds. Notable among them are Partech’s $143 million, Novastar Ventures’ $200 million fund, and TLcom Capital fund’s $71 million fund. On Sawari: Ahmed El Alfi, Hany Al-Sonbaty, and Wael Amin launched Sawari Ventures in 2010, and the fund focuses on Egypt, Tunisia, and Morocco. New payments feature on SignalSomething new on Signal: A peer-to-peer payments system called Signal Payments is coming to Signal.

Source: The North Africa Journal April 07, 2021 07:52 UTC