Mass transit app Swvl has announced plans to expand to 10 cities outside Egypt in 2019, beginning with the Philippine capital of Manila and including Nairobi, Dakar, and Jakarta, CEO and co-founder Mostafa Kandil tells Al Mal. We had previously reported that Thai and Vietnamese cities would be added in 1Q2019. The Saudi Finance Fund had agreed to finance an agreement between Swvl and EFG Hermes’ valU for an unspecified amount of funding.

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