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Egypt’s Nawy, the largest proptech in Africa, raises $52M to take on MENA

Egypt’s Nawy, the largest proptech in Africa, raises $52M to take on MENA

For decades, buying property in Egypt meant navigating a fragmented real estate market, relying on personal networks, dealing with commission-driven brokers, and facing developers more focused on selling than serving customer needs. In 2019, Mostafa El Beltagy co-founded Nawy to bring transparency and efficiency to the market. Now positioning itself as Africa’s largest proptech platform,…

Do Not Trust AI To Manage Your Investments

Do Not Trust AI To Manage Your Investments

Warning: AI can produce misinformation and disinformation getty Throughout my 60+ year investing experience, I have seen numerous attempts to use technology to make successful investment decisions. While all the technology advances were welcome tools, they could never replace the human brain. Why not? Because the relevant areas, necessary ingredients and proper logic for making…

Egypt’s Nawy, the largest proptech in Africa, lands a $52M Series A to take on MENA

Egypt’s Nawy, the largest proptech in Africa, lands a $52M Series A to take on MENA

For decades, buying property in Egypt meant navigating a fragmented real estate market, relying on personal networks, dealing with commission-driven brokers, and facing developers more focused on selling than serving customer needs. In 2019, Mostafa El Beltagy, Abdel-Azim Osman, Ahmed Rafea, Mohamed Abou Ghanima, and Aly Rafea founded Nawy to bring transparency and efficiency to…