Online trading platform OLX Egypt saw used car listings climb 27% y-o-y in 2017 to 1 mn vehicles valued at a total EGP 200 bn, OLX said in a press statement reported by Ahram Online. OLX attribute the increase to increased fuel prices, the value-added tax, and a primary market that is too expensive.
More from Enterprise
The digital EGP won’t look different at checkout — but it will work nothing like InstaPay
Every instant payment today depends on your bank or telco.…
Granite is about to test whether Egypt’s funds still need administrators
The asset manager and blockchain builder Tarmiiz have entered the…
Egypt is fixing how deals get executed, but what pushes investors offshore runs deeper than the reforms on the table
Investment Ministry and a Senate committee are both moving to…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…