This report, developed by Wamda and Arabnet aims to identify the extent of the impact of COVID-19 on the region’s entrepreneurship sector and the measures that can be taken to alleviate the financial stress on startups.
Only 12 Startups
have a runway of more than 12 months
25%
of travel startups shut down
83% of respondents in Egypt
reported an overall negative impact of the pandemic
Half of the region’s startups
have also witnessed an impact to their latest funding round
Close to 50%
of startups that responded to the survey reported that they have a cash runway of less than 6 months