**#7 INVESTMENT WATCH- Cairo Angels invests in Buseet: Venture capitalist firm Cairo Angels has announced that it has made an investment in transit tech app Buseet, the company said in a release on Monday (pdf). Cairo Angels’ investment is part of a seed round that includes 500 Startups and angel investors from Singapore and the Gulf. “We are very pleased to have closed the Buseet [transaction] and to have co-invested in this opportunity with our partners 500 Startups and other Angels. We are very confident that Buseet can compete and continue to deliver a compelling solution to a very real problem that is clearly identifiable across emerging markets and beyond,” Cairo Angels Chairman Aly El Shalakany said. The statement did not put a value on the transaction or say how large a stake Cairo Angels took. The transaction is the latest in wave of investment flooding Egypt’s transportation sector.

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