Tech

Egyptian property startup Partment expands into Greece

Published

1 year ago

December 4, 2023

Egyptian-run property startup, Partment, has taken its expansion drive beyond the continent by establishing a presence in Greece, following a “five-fold” increase in market size within a year in Egypt.

The CEO of Partment, Nadim Nagui, who disclosed this on Monday, said the expansion drive came following the startup’s closure of a $1.5 million pre-seed funding round to enhance the infrastructure of its platform and deploy its MVP in October 2022; and since then had seen a five-fold growth in market size in Egypt.

According to Nagui, “Partment’s mission is to unlock fresh investment prospects, fostering advancements in the proptech and real estate domains, not only within Egypt but on a global scale.

“Our entry into Greece marks a significant milestone in our journey. This expansion aligns with our global vision of enhancing people’s well-being through sustainable second home access, making real estate investments affordable and accessible to all, while driving generational wealth and building modern, diversified portfolios conveniently.

“We have thoroughly researched the Greek real estate market and are confident that our innovative platform will cater to the growing demand for flexible and sustainable investment models.

“Greece offers tremendous potential for both investors and vacationers, and we are excited to deliver cutting-edge proptech solutions.”

Founded in 2022, Partment is a prop-tech platform which provides diverse second home co-ownership opportunities.

It also offers a solution for second home co-ownership, and through a digital platform and smart booking system, enables users to co-own second homes at a fraction of the price, while providing an end-to-end property management service.

Related Topics:Egypt Featured Greece Partment Prop-Tech

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Tech

Facebook returns to Uganda after 4-year ban

Published

3 days ago

December 24, 2024

Isaac Dachen

After four years of being in the cooler as a result of suspension by government, Facebook, now Meta, is making a return to Uganda after prolonged negotiations saw the Ugandan government reverse the ban it placed on the platform since 2021.

The suspension of the social media platform had stemmed from accusations by the government that Facebook was meddling in the country’s political affairs during the 2021 presidential elections which arose after it deleted government-affiliated accounts for allegedly spreading disinformation.

This ban of Facebook has led to widespread disruptions across the nation, affecting not only political discourse but also personal connections and business operations.

But according to reports, with a potential re-launch on the horizon for December 2024, Facebook’s comeback could be a game-changer with approximately 2.5 million Ugandans poised to reconnect on the platform, while the Uganda Revenue Authority stands to gain financially from its revival just as businesses, especially smaller enterprises, stand to benefit from advertising incomes.

Tech

20 African tech-preneurs embark on Korean innovation tour

Published

4 days ago

December 22, 2024

Isaac Dachen

The African Development Bank Group’s Innovation and Entrepreneurship Lab has selected 20 promising tech entrepreneurs from various African technology ventures and enterprise support organisations to embark on a two-week study tour of the Republic of Korea, with the aim of seeking investment and insights from the country’s innovative tech ecosystem.

The selected entrepreneurs are from 133 ventures that participated in last month’s Africa Tech Startup Forum.

The forum which will hold under the auspices of the lab’s “Leveraging the Entrepreneurial and Innovation Success of Korea to Strengthen African Enterprise Support” project, had selected entrepreneurs who pitched the best business models during the week-long virtual market access and acceleration programme preparing, training, and connecting technology ventures with opportunities.

The 20 young tech-preneurs were selected from eight African countries including Nigeria, Egypt, Ghana, Kenya, Morocco, Rwanda, South Africa, and Uganda, with the delegates spanning various sectors in the technology space.

While in Korea, the African delegates will pay visits to prestigious institutions such as Global Startup Centre, LG Science Park, the Korea Software Technology Association, and the Global Digital Innovation Network.

Speaking on behalf of the delegates, founder of Kenya-based health technology venture Zuri Health, Uche Ezadinachi said:

“I am excited to go to Korea because the country has made serious technological developments. The country is a technology-driven society, and this tour is an opportunity for me to see how we can bring such technology to Africa.

“We will share experiences with our Korean counterparts; they will learn from us as much as we learn from them,” he added.