Also in the news...
The Federal Capital Territory (FCT) Abuja, Nigeriaís capital is gradually becoming a renowned city in Africa. In recent times, there has been an influx of people into the city and its real estate development and construction sectors are developing at a tremendous pace.
Looking to set up your UAE company? How about a visa for life? It might sound too good to be true, but itís a reality. And the offer ends October 31st.
If you want to build traction for your startup, you need to invest in a high-quality website. You also can't afford to make too many mistakes, because a good website costs money.
The Government reveals the 12 businesses from across the UK who will showcase their green technology and innovations at the Global Investment Summit.
Various types of businesses need a fleet, from car rental companies and public utilities to distribution centers, courier companies, and so many others. So, there are tons of enterprises out there that are constantly searching for better ways to enhance fleet efficiency, as any business that utilizes a fleet can ultimately enhance its bottom line if heightened efficiency is achieved.
Lebanonís fast-growing start-up ecosystem
The start-up scene in Lebanon is thriving quickly and Beirut is becoming the Middle Eastís tech hub.
Lebanon has all the key elements needed to achieve such results: an ambitious entrepreneurial culture, highly educated population, a number of incubators and accelerators, venture capitals and a favourable government policy.
In August 2014 Banque du Liban (BDL) introduced Circular 331 with the aim of injecting 400 million dollars into the Lebanese entrepreneurship ecosystem. The main objective of circular 331 was to encourage banks to invest in start-ups, incubators and accelerators. 75% of these investments is guaranteed by BDL.
Evidently, Circular 331 has boosted the Lebanese start-up scene, as there is rise in the number of start-ups, accelerators, venture capital firms etc. According to Arabnetís Business Intelligence Investment Report, in 2017, 58 tech start-ups were established with a total funding value reaching USD 53 million, which is a more than a six-fold increase compared to the numbers of 2013, of 11 start-ups and USD 7 million.
The number of tech investors is growing steadily as well. Between 2017 and today seven new funds and accelerators were established, which further enhances the environment for tech start-ups.
Looking at the number of deals, Lebanon along with Tunisia have exhibited the fastest rates of growth in increasing the number of investments deals by more than 50%. In 2016 Lebanon conducted 104 deals whereas in 2017 they conducted 162 deals.
According to Arabnetís report, Lebanon remained second, behind the United Arab Emirates among the MENA countries in the number and value of investments.
As gender diversity is a hot topic especially in technology start-up, the report analyses the gender distribution among founders in the MENA region as well. According to the report MENA governments aim to increase female participation in the fields of science, technology, engineering and mathematics. According to the report the Levant continues to have the highest number of female entrepreneurs, Lebanon with 18%.
According to the findings of the report, Lebanon has grown its investor share from 7% to 13% from 2013 to 2017.
Shanda Consult is specialised in consultancy
regarding project-based investments and as a partner in bringing together
investors and investment projects.
Shanda Consult is advising on numerous investments, ranging from Energy/Telecom/IT to industry, technology, tourism and agriculture investments.
Please do not hesitate to contact us if you wish to be guided with your Lebanon-related projects and business.
Source: Arabnet Business Intelligence Report, 3rd Edition: The State of Digital Investments in Mena 2013-2017