The Egyptian Financial Regulatory Authority (FRA) has issued Resolution №57 of 2024, establishing a clear framework for Robo-advisors in the Egyptian capital market. This presents a significant opportunity for Egyptian Fintech startups to develop and offer innovative Robo-advisor solutions.
The water-tech aimed to solve water access for Africa's urban poor with smart meters and mobile money. Its collapse is the latest in a wave of closures hitting Kenya's impact startup scene.