Middle East Venture Partners Details Its Investment Plans For South African Start-Ups
Middle East Venture Partners Details Its Investment Plans For South African Start-Ups. It has been reported that Middle East Venture Partners aims to allocate $50 million into investing in South African startups mainly in sectors such as education, fintech, content and health.
MEVP is a Middle East-focused venture capital firm that invests in the early and growth stages of innovative technology companies run by talented entrepreneurs in the Middle East Region with a focus on the GCC and Levant countries. With offices in Dubai, Beirut, Cairo, Bahrain, Riyadh and Abu Dhabi and more than USD 300 million in Assets Under Management, MEVP is one of the largest and most established VC firm in this region, with clear cross border investment appetite.
The tech industry in Africa is booming and it has attracted a lot of investors so that they can also benefit from the growth that the industry will see in the next coming years. MEVP is a company that sees this potential in startups that offers solutions to solve issues that are pertinent in the society as this will attract more investors. This way the industry will keep growing and investors will have good profits from their investments.
This investment will contribute to the revival of South Africa’s economy that was negatively affected by the Covid 19 pandemic. It will contribute in building sustainable businesses that will be able to provide the much needed employment in communities. The South African tech industry has also been growing tremendously and it is attracting a lot of attention as more innovative products are introduced. This shows that the industry is going to grow even further and investors such as MEVP should invest in these companies as they are providing solutions for the future.
