Pink Taxi founder on the business of building safer mobility for women

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WHAT WE’RE TRACKING TONIGHT

Trump cuts joint drills with South Korea over Iran

Good afternoon, folks, and happy Monday. Have you ever wondered what it would take to build a business entirely on trust? Today we speak with Reem Fawzy, who put Cairo’s first organized taxi fleet on the streets in 2006 and spent the years that followed building Pink Taxi — a women-only ride service where safety is the whole premise. We also have a Netflix film for tonight with one of the more original plots we’ve come across recently.

Up first, the news…

THE BIG STORY ABROAD-

🌐 Still leading the digital front pages this afternoon is US President Donald Trump saying he will scale back joint military exercises with longtime ally South Korea. Trump posted on Truth Social that he was “not happy” that the US agreed to participate. The US president made the call to the Pentagon just hours before the exercises were set to begin, citing his “very good relationship” with North Korean leader Kim Jong Un. He also pointed to South Korea’s lack of aid in the Iran war, saying they refused to help “denuclearize” the Islamic Republic. South Korea, however, has said the drills would “proceed as scheduled.”

^^Read more on: CNN, BBC, Reuters, and The Guardian.

IN OTHER NEWS- Trump’s son-in-law Jared Kushner met with Israeli Prime Minister Benjamin Netanyahu in Jerusalem today, a day after holding talks with Hamas’ leader in Egypt, as the Trump administration pushes ahead with efforts for a peace plan in Gaza. Last week, Netanyahu rejected Trump’s 15-point plan, which includes Israeli troops withdrawing and a Gaza reconstruction program under a new civilian Palestinian administration. The Israeli leader demands that Hamas surrender its arms before considering a withdrawal.

^^Read more on: BBC, Reuters, The Financial Times, The New York Times, and The Guardian.

ALSO- The US-Iran memorandum of understanding, first signed in June with a 60-day deadline to end the war on all fronts, expired today. No talks or concrete plans have been announced thus far. Shipping traffic through the Strait of Hormuz slowed to a near halt over the weekend ahead of the expiry date. Only five cargo ships passed through the waterway on Saturday, while no ships were registered to pass on Sunday, according to Reuters.

^^Read more on: CNN and CNBC.


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** CATCH UP QUICK on the top stories from today’s EnterpriseAM:

  • The Finance Ministry is targeting EGP 50-100 bn from its inaugural tax-backed sukuk issuance, opting for the one-year term to avoid creating a gap in future tax receipts and ensure tax revenues are not overly diluted. To incentivize corporate treasuries, the committee overseeing the rollout is studying a proposed yield of up to 20% — fully exempt from tax;
  • The European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation are reportedly circling a combined 10% stake in state-owned lender Banque du Caire’s upcoming float, which will wrap up in November. The tranche will be covered within a week of launch;
  • E-finance says it bought an 8% stake in wealth management platform Wilzy for around EGP 100 mn (c. USD 2 mn). The move comes days after the EGX-listed fintech player announced its multi-bn-EGP takeover of MSME lender Tamweely, buying out a consortium of international investors, including the EBRD and British International Investment;
  • EGX-listed Rameda’s net income rose 1.7% y-o-y to EGP 101 mn in 2Q, while revenues increased 9.4% to EGP 1.05 bn. Revenue growth was broad-based, led by a 68% jump in domestic tender sales to EGP 92 mn and a 36% increase in exports to EGP 71 mn, while private sales grew 5.3% to EGP 819 mn.

☀️ TOMORROW’S WEATHER- Cairo is looking at yet another sunny day tomorrow, with highs of 35°C and an overnight low of 25°C. Expect a breezier experience on the North Coast, with highs of 31°C and a low of 22°C, according to our favorite weather app.

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AFTER HOURS: THE BUSINESS OF MOBILITY

Why Pink Taxi isn’t just selling rides, but building a women’s mobility ecosystem

🚕 In 2006, Reem Fawzy (LinkedIn) put yellow cars on Cairo’s streets under a single brand — Taxi El Assema, the city’s first organized taxi company. She sold her stake a year later. The company itself didn’t survive the market. But the lesson did: “Customers may forget the type of vehicle they were in, but they will remember if the driver was late, if they felt unsafe, or if nobody responded when something went wrong,” Fawzy tells EnterpriseAM.

Nearly a decade later, that lesson became the entire premise of Pink Taxi — a company built on the idea that women’s safety in transportation shouldn’t be a feature bolted onto a ride-hailing app. It should be the business itself.

Today, Pink Taxi is a women-only ride service connecting female riders with female captains, expanding into recurring school and family contracts, corporate commuting, and driving lessons for women. The Pink Taxi website currently lists over 120k women riders and 2.5k+ female captains, with an average rating of 4.9.

The business didn’t start with a technology thesis, though. It grew out of Fawzy’s long career in transportation and tourism — first Taxi El Assema, then her tourism and mobility company Rimo Tours — and a realization that the problem women faced wasn’t one bad ride. It was a system that had never been built around them.

Building around trust

“Pink Taxi wasn’t born from one dramatic incident,” Fawzy says. It was a pattern she kept seeing: women needed reliable transportation for work, university, school, and everyday life, while safety and comfort concerns made traditional transportation harder to navigate. At the same time, she saw women who could drive and work but had few ways into the transportation sector. Her answer was to solve both sides at once — women driving women.

Captains go through documentation checks and training before they start driving, and the platform leans on ID verification, background checks, live trip sharing, and 24/7 support.

Uber, Careem, and Didi have since added their own safety features for women. Fawzy doesn’t see that as competitive pressure so much as validation. “At Pink Taxi, safety is not a feature. Safety is the business model,” she tells us. “The driver is a woman, the passenger is a woman, and the operating model and customer experience are designed around that relationship.”

From one-off rides to recurring mobility

The more interesting evolution is happening outside the conventional ride-hailing model. Pink Taxi has built recurring weekly and monthly contracts for parents, schools, companies, and students — the same female captain, arranged in advance, rather than booking from scratch every morning. Monthly plans can cover 20+ round trips at up to 25% off individual bookings, per the company’s website.

That shift matters because it turns transportation from an unpredictable daily transaction into a relationship — a mother cares less about finding a driver every morning than knowing exactly who’s picking up her daughter, and that the system won’t let her down.

The hardest part of sustaining that relationship, Fawzy says, isn’t demand but rather supply. “How do you scale trusted supply, at the right cost, in the right place, at the right time?” she asks. The friction is structural: lower standards to grow the driver pool faster and you risk the brand; grow too cautiously and demand outpaces supply and you lose the customer. Vehicle costs, fuel, maintenance, financing, traffic, and the geographic spread of demand compound the problem. It is, she argues, one of the hardest questions in any mobility business — and one Pink Taxi hasn’t fully solved yet.

A different company if built today

Fawzy launched Pink Taxi in 2015, at a moment when Egypt’s ride-hailing market and customer behavior looked very different from today. If she were starting from scratch now, she says she would build it as a technology-first company from day one, investing earlier in data, automation, and AI for matching, routing, demand forecasting, and driver utilization. “The core idea would remain the same. I would simply build the technology and scalability around it much earlier,” she tells us.

The second thing she would tackle earlier is driver supply — not just finding more drivers, but solving the matching problem at scale: the right driver, in the right location, at the right time. And she would position Pink Taxi not as a taxi service but as a women’s mobility ecosystem from the outset — covering everyday transportation, school and university runs, corporate mobility, and driver training under one platform.

That is, in effect, where she is trying to take it now. The ambition she describes for the next five years goes beyond running a fleet. “I would like to see it develop into an integrated women’s mobility platform — using technology, data, and AI to provide safer and more efficient mobility solutions for women, first in Egypt and potentially across other markets in the region,” she says.

What’s next for Pink Taxi?

Rimo Tours and Pink Taxi have largely grown on reinvested earnings rather than outside capital — a choice that Fawzy says bought her the independence to make long-term calls instead of chasing the next funding round. She’s more open to investment now, but selectively: “Capital can accelerate a good business model, but it cannot replace one,” she says.

Rimo Tours is considerably larger and more diversified than it was when Pink Taxi launched. The difficult periods Egypt’s tourism sector went through — after 2011, and later, Covid — forced a need for reinvention. “One of the most important lessons I learned was that you cannot build a resilient company around one market, one customer segment, or one revenue stream,” Fawzy notes.

For now, Rimo and Pink Taxi remain distinct. Rimo works largely across institutional travel and mobility services; Pink Taxi addresses a specific consumer mobility need. But Fawzy’s ambition for both is regional — Rimo as an Egyptian player in tourism transportation and integrated mobility that competes internationally, Pink Taxi as a women’s mobility platform that extends beyond Egypt.

On a personal level, the legacy matters just as much as the unit economics: “I would especially like my journey to encourage more women to build businesses in sectors that may traditionally have been considered male-dominated. If, years from now, people say that I did more than build successful companies — that I helped move the tourism and transportation sectors forward and opened more doors for women — I would consider that a meaningful achievement,” Fawzy adds.

The clearest proof of that ambition is a school run. Pink Taxi says it transports over 5k schoolchildren every month, with a 99% on-time pickup rate and captains who stick around for an average of more than three years, according to Fawzy. That’s the version of trust Fawzy is wagering the rest of the business on: the same driver showing up for the same family, every day, for years.

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ON THE TUBE TONIGHT

Netflix’s The Last House is an exciting original psychological thriller

🏚️📺 What would you do if you were trapped in your house with nothing but what is already there to sustain you for the rest of your life? Directed by Louis Leterrier (Now You See Me), written by Matthew Robinson (The Invention of Lying), and starring Greta Lee and Wagner Moura as the two protagonists, The Last House is one of the better Netflix originals dished out by the streaming platform recently.

The plot: Ann (Lee) and Jason (Moura) are two loving parents doing their best to give their children Ruth and Graham the lives they deserve, despite piling debts and problems of their own. When a sudden thunderstorm drives all the residents in their Seattle neighborhood to take shelter indoors, the family quickly realizes that they — alongside the entire world — have been permanently trapped indoors when the rain proves to be of supernatural origin.

As hours turn into days, and days turn into weeks, they begin formulating a plan to survive. The rain comes, and with it, supernatural dangers that no one can begin to fathom. What was initially treated as a temporary situation soon proves to be an unpleasant permanent reality, and they’ll have to make difficult choices to survive.

What we liked: The Last House is a psychological sci-fi thriller that truly offers something fresh: an interesting never-been-done-before premise that prioritizes its characters over cheap jump scares or convoluted special effects. The film brilliantly showcases the toll that isolation in the face of imminent danger can take on the human mind, the lengths we would go to survive, and the unthinkable actions we would take to protect ourselves and those we love. Moura and Lee, alongside Riley Chung and Emma Ho (who play Ruth at various stages) and Noah Alexander Sosnowski and Gabriel Barbosa (who play Graham), all deliver commendable, raw performances that felt entirely human at their core, with Lee proving a scene-stealer.

What we didn’t: While the Netflix original gets lots of things right, some things just don’t land, including the nature behind the supernatural phenomenon, the origin story of the “villains,” and the overall message of the film, which to many viewers could be considered cheesy. That said, we’d say its IMDB rating of 5.5/10 is a little unfair.

The verdict: The Last House is a Netflix film that is actually worth your time. From start to finish it proves intriguing and difficult to pause. The last act in particular had us on the edge of our seats, and the tension paid off. The film is a true original and difficult to predict — that alone earns it favor.

WHERE TO WATCH- The Last House is now streaming on Netflix. Watch the trailer on YouTube (watch, runtime: 2:32).

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Sports

Arsenal beat City, Lens stun PSG, and more La Liga fixtures on our radar tonight

⚽ It’s a relatively calmer day on the pitch, with only one headline fixture on our radar: Deportivo vs Elche in La Liga — the former back in the league following an eight-year absence, having earned promotion by finishing second in the Segunda División last season. The match kicks off at 10pm, and will be broadcast live on beIN Sports 3.

🥅 ICYMI- Arsenal emphatically opened their title defense with a 3-0 Community Shield victory over Manchester City in Cardiff last night, much to Enzo Maresca’s dismay, who’s just starting as City manager. Across the Channel, Lens pulled off another upset, beating European champions Paris Saint-Germain 1-0 to claim their first-ever Trophée des Champions, denying PSG a second trophy in four days after securing the Super Cup.

**The EnterpriseAM Fantasy Football League is live. Join the Classic League and lock in your picks — click on this link or use the code hm029y to join.

This publication is proudly sponsored by

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Mark Your Calendar

Revive Heritage Week returns to rediscover Cairo’s heritage

🕌 Revive Heritage Week by Revive Heritage & Arts returns this year from Saturday, 22 August to Wednesday, 26 August, celebrating cultural and architectural preservation across Cairo and Giza, and bridging heritage with contemporary culture. This year’s theme, “Invisible Layers, untold stories,” brings together a network of Egyptian cultural and academic institutions, initiatives, and programs for a line-up of workshops, talks, tours, and cultural experiences. Registration for workshops and further information is available through this link.

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GO WITH THE FLOW

What the markets are doing on 17 August 2026

The EGX30 fell 0.8% at today’s close on turnover of EGP 14.2 bn (35.3% above the 90-day average). Regional investors were the sole net sellers. The index is up 32.5% YTD.

In the green: AMOC (+6.0%), Rameda (+3.5%), and Ibnsina Pharma (+3.1%).

In the red: Edita (-4.9%), Misr Cement (-4.6%), and Arabian Cement (-4.3%).


🗓️ AUGUST

1 August - September 15 (Saturday-Tuesday): El Alamein Book Fair.

11-17 August (Tuesday-Monday): El Sawy CultureWheel Sakia Book Fair, Zamalek.

15-24 August (Saturday-Monday): The International Citadel Festival for Music at Saleh El Din Citadel.

17 August (Monday): Wust El Balad and Nesma Mahgoub at Mahka Theatre, Salah El Din Citadel.

17-18 August (Monday-Tuesday): Omar Khairat at Bibliotheca Alexandrina.

19 August (Wednesday): Hisham Abbas and Sherif Mounir at Mahka Theatre, Salah El Din Citadel.

19 August (Wednesday): Autostrad at CJC 610.

20 August (Thursday): Hakim at Tiatro Romano, Marina 2, Al Alamein.

20 August (Thursday): Esseily at Luma, Address Beach Resort Marassi.

20 August (Thursday): Saad El Oud and Fouad & Mounib at Mahka Theatre, Salah El Din Citadel.

20 August (Thursday): Mohamed Fouad at Premiere Show, Golf Porto.

20 August (Thursday): Hisham Abbas at Bibliotheca Alexandrina.

20-29 August (Thursday-Saturday): Leila Assal at Theatro Arkan.

20-26 August (Thursday-Wednesday): I Want a Pet Dinosaur at Rawabet Art Space.

21 August (Friday): Ain Gamal at Al Anfoshy Cultural Palace, Alexandria.

21 August (Friday): Black Coffee at Cubix North Coast.

21 August (Friday): Ruby and Ramy Ayach at Tiatro Romano, Marina 2, Al Alamein.

21 August (Friday): Autostrad at Bibliotheca Alexandrina.

22 August (Saturday): Esseily at O by Michel Fadel, Marassi.

22 August (Saturday): Wust El Balad at Bibliotheca Alexandrina.

22 August (Saturday): Athar Lina Al-Sultan Hassan Treasure Hunt at the Sultan Hassan Mosque and Madrasa.

22-26 August (Saturday-Wednesday): Revive Heritage Week.

23 August (Sunday): Autostrad at El Sawy Culturewheel, Zamalek.

23 August (Sunday): Ali El Haggar at Mahka Theatre, Salah El Din Citadel.

24 August (Monday): Medhat Saleh, Amr Selim, and Nesma Abdel Aziz at Mahka Theatre, Salah El Din Citadel.

25 August (Tuesday): Prophet Muhammad’s Birthday.

26 August (Wednesday): Ghostly Kisses album release event at CJC 610.

27 August (Thursday): Jadal at Bibliotheca Alexandrina.

28 August (Friday): Ramy Sabry at Tiatro Romano, Marina 2, Al Alamein.

28 August (Friday): Hamaki at Porto Grande New Alamein.

29 August (Saturday): Jadal at El Sawy Culturewheel, Nile University, Sheikh Zayed.

30 August (Sunday): Tamer Ashour at Bibliotheca Alexandrina.

SEPTEMBER

4 September (Friday): Ehab Tawfik at Premiere Show, Golf Porto.

4 September (Friday): Abyusif and Shehab at Alexandria Stadium, Alexandria.

4 September (Friday): The High Five: In & Out Vol.3 at Al Anfoushy Cultural Palace, Alexandria.

6-9 September (Sunday-Wednesday): Khayal Mareed at Theatro Arkan.

10 September (Thursday): Adonis at Teatro 90.

11-14 September (Friday-Monday): MedFest Egypt at AUC Tahrir Square.

18 September (Friday): Aida El Ayoubi at Ewart Memorial Hall, AUC Tahrir Square.

26 September (Saturday): John Achkar’s Feena Nehke at Theatro Arkan.

OCTOBER

1-4 October (Thursday-Sunday): She Arts festival across Cairo and Alexandria.

6 October (Tuesday): Armed Forces Day.

15-23 October (Thursday-Friday): El Gouna Film Festival.

17 October (Saturday): Konnect Summit at The Greek Campus, El Tahrir St.

24 October (Saturday): Blue 25th Anniversary Tour at New Capital.

28-31 October (Wednesday-Saturday): Egypt’s Cheese Festival at Al Horreya Garden, Zamalek.

NOVEMBER

5 November (Thursday): Gala De Danza at the Grand Egyptian Museum.

2-7 November (Monday-Saturday): Barbara O’Neill Wellness Journey at Sheraton Miramar Resort, El Gouna.

11-20 November (Wednesday-Friday): Cairo International Film Festival.

13-14 November (Friday-Saturday): Max Amini at St. Regis, New Capital.

19-28 November (Thursday-Saturday): Cairo Design Week.

21 November (Saturday): El Gouna Half Marathon.

28 November (Saturday): Shakira at the Pyramids of Giza.

DECEMBER

4 December (Friday): Ghostly Kisses at Zed Park, Sheikh Zayed.

11-12 December (Friday-Saturday): The Marakez Pyramids Half Marathon at the Pyramids of Giza.

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